Tiny Texas School District Rejects Tax Deal with $6 Billion LNG Project

Tiny Texas School District Rejects Tax Deal with $6 Billion LNG Project

Officials in Port Isabel and nearby towns have consistently opposed plans to build large industrial complexes at the mouth of the Rio Grande.By Dylan BaddourThe Point Isabel Independent School District on Monday rejected a multi-million dollar tax break for a proposed $5.7 billion liquefied natural gas (LNG) project on the Texas Gulf Coast, finding the facility would not “align” with the community’s values or finances.

LNG firm 'at a loss' after South Texas school board rejects $160M in tax breaks

The company said the deal would give the school district $15 million a year.