Barbe Property - SWLA Economic Boom Continues

"Remarkably, the fastest growing MSA in the country over 2013-18 is the Lake Charles MSA. We have documented almost $117 billion in projects announced for this region since 2012---an unheard of number. About half of those projects have yet to start construction, something we expect to change, especially in mid-to-late 2019 when three LNG projects are expected to go vertical. Lake Charles is expected to continue in its role as the fastest growing MSA in the state, adding 4,000 jobs (+3.3%) in 2019 and another 5,300 jobs (+4.3%) in 2020."

Loren C. Scott
Louisiana Economic Outlook, 2019-2020

For years, Loren C. Scott, Professor Emeritus in Economics, Louisiana State University, has been considered the go-to economist for this region and beyond. Scott's Annual Louisiana Economic Outlook is quoted extensively.

His full report for 2019-2020 is available by clicking on this link with research specific to Southwest Louisiana starting on page 51. A recap of his 2017-2018 report can be found on the Port of Lake Charles' website.

Scott points out that

Lake Charles has garnered an astounding $116.8 billion in industrial announcements since 2012 and that

$56.1 (48%) are already constructed or are underway.

Details: Category: SWLA Economic Boom Continues!

Contraband Parkway Open

Contraband Parkway opened for traffic July 18th! This 4 lane-road connects W. Prien Lake Road at the Prien Lake/Contraband Parkway traffic circle to Nelson Road at L'Auberge Avenue. A formal ribbon cutting is planned for August.