FINANCIAL_SERVICESAPPROVED

St. Landry Parish Council Agenda 2026-05-20

Council OKs PILOT Deal With Wal-Mart Distribution

Estimated $276,000,000 investment; parish share about $400,000 per year starting 2028; currently about $600,000 per year in full ad valorem taxes parish‑wideSt. Landry ParishWAL-MART STORES EAST LPMay 20, 2026

Trusted by teams at

Description

The St. Landry Parish Council approved a Payment in Lieu of Tax and lease‑purchase agreement with Wal-Mart Stores East, LP tied to a $276 million expansion of its distribution facility. The deal provides a 50% ad valorem tax abatement while securing roughly $400,000 per year for the parish and converts Wal‑Mart to a full property‑tax payer until the new PILOT starts.

Contract Details

Contract Amount

Estimated $276,000,000 investment; parish share about $400,000 per year starting 2028; currently about $600,000 per year in full ad valorem taxes parish‑wide

Vendor

WAL-MART STORES EAST LP

Agency

St. Landry Parish, LA

Contract Type

FINANCIAL_SERVICES

Document Date

May 20, 2026

Contract Term

Pilot (Payment in Lieu of Tax) period discussed as approximately 10–12 years beginning when construction commences (expected 2027) with taxes collected beginning 2028

Renewal Info

PILOT payments will be set as fixed annual dollar amounts based on an anticipated $276 million capital investment, with a provision to revisit and adjust the payment schedule after approximately 10–12 years based on the actual total investment. The 50% tax abatement applies during the PILOT term only; current agreement replaces a 1999 arrangement under which Wal-Mart previously paid no ad valorem tax.