Louisiana Forestlands (2008)

Port Barre, LA

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NMTC Amount: $19,000,000

Est. Total Project Cost: $27,800,000

COMMUNITY IMPACT

Louisiana is a national leader in the forestry industry, employing more than 17,000 people in wood manufacturing. Hurricane Katrina had severe repercussions; a financial downturn forced businesses to sell out. The Forestland Group utilized NMTCs to complete the purchase of 82,000 acres of hardwood forests in Louisiana, in addition to a hardwood sawmill and processing plant near LeMoyen, LA; 200 existing jobs were saved in the wood mill and forests. The mill is the largest hardwood mill in a 100-mile radius supporting the logging industry in three states. Over 100 different public and private groups have been utilizing these properties for hunting, camping and other uses. The forests and mill have been used as an occupational training area for regional state prisoners, a service that can now continue. The Louisiana Forestlands Holdings (LFH) consists of a little over 82,000 acres and is primarily timber rights only. Purchased in 2008, the property is divided between two ownerships and made up mainly of bottomland hardwoods. The property consists of 73 tracts ranging from 13 to 7,094 acres and is located between the Mississippi River and Interstate 49 in Southeastern Louisiana. A little over 9,000 acres of LFH consists of both land and timber rights ownership. The bulk of the property is leased to private hunting clubs.

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