St. Landry Parish Council Agenda 2026-05-20
Parish Backs Industrial District PILOT Structure
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Description
The council authorized the Parish President to execute a PILOT and lease‑purchase agreement with the St. Landry Parish Economic and Industrial Development District to support a major Wal-Mart distribution expansion. The District will serve as the public conduit for the tax‑incentive financing structure tied to the $276 million project.
Contract Details
Contract Amount
Estimated $276,000,000 investment underlying PILOT; payment structure as in companion Wal-Mart record
Vendor
ST. LANDRY PARISH ECONOMIC AND INDUSTRIAL DEVELOPMENT DISTRICT
Agency
St. Landry Parish, LA
Contract Type
FINANCIAL_SERVICES
Document Date
May 20, 2026
Contract Term
Same PILOT term as with Wal-Mart; approximately 10–12 years beginning with construction start (expected 2027)
Renewal Info
Agreement includes provisions for future review and adjustment of the fixed PILOT payment schedule after roughly 10–12 years based on realized capital investment by Wal-Mart.
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St. Landry Parish Council Minutes 2026-04-08
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