Tax revenues from the Project will help fund infrastructure projects and local services. The Jordan Cove LNG Terminal will generate $40 million per year on average in payments to Coos County and the pipeline will generate on average $20 million for Coos, Douglas, Jackson and Klamath counties each year.
During operations, the Jordan Cove Project is estimated to pay Oregon state taxes of approximately $50 million per year, on average.
Together, that totals more than $100 million to state and local governments, on average, each year during operations.
Community Enhancement Plan
Through the proposed Community Enhancement Plan (CEP), the Jordan Cove LNG Terminal will contribute millions in ongoing revenue for the Coos and coastal Douglas Counties. Under the terms of the proposed CEP, Jordan Cove would pay a community service fee, the amount of which will equal what would have been paid via property tax. Under the CEP, property tax benefits available at the site would be returned to the County, local communities, and the Port of Coos Bay under a formula that accelerates payments at the start of construction and levels payments from the commencement of operations for 15 years amounting to more than $500 million in payments. The CEP will result in JCEP’s payment of over $40 million per year during operations, half of which would be allocated to local education programs, with the other half directed to local development programs.
For example, the funds could be used to:
- Support local schools;
- Enhance job training programs;
- Strengthen public safety and emergency response capabilities; and
- Foster infrastructure investments.
Together, the LNG Terminal and pipeline will generate approximately $60 million per year in average property tax revenue, which includes approximately $5 million annually to each of the counties from the pipeline alone - Coos, Douglas, Jackson, and Klamath.