"Lodestar proposes $32M rail terminal" by: Mike Reddell

   Matagorda County began the process to consider a tax abatement request from Houston-based Lodestar Energy that’s proposing a $32 million South Texas Rail Terminal near El Maton at commissioners court meeting Monday, Sept. 16.
   The Lodestar transfer station will transfer Gulf Coast oil and gas products from pipelines to rail cars and from the cars to the pipelines.
   The court approved beginning the review process of Lodestar’s tax abatement application and setting a public hearing on Lodestar’s request for a reinvestment zone for tax abatement purposes at 9:45 a.m. Sept. 30.
   Lodestar seeks an abatement of five years – 85 percent in the first two years, and 75%, 50%, and 25%, respectively over the last three years.
   Steven Manchester, president of Manufacturing Future Economies (MFB), told the court Monday that he is the project’s consultant, adding the operation would employ 10 people.
   Positions employed at the facility will include field operators for loading, tank car movement and ancillary tasks earning about $60,000 annually; shift supervisors earning about $100,000; and a manager earning about $150,000.
   The project will not affect air quality the traffic impact will be minimal, Manchester said.

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