ASCENSION PARISH
Dynamic Fuels Syntroleum Plant
$350 million
Syntroleum Corporation and Tyson Foods have partnered in a 50/50 venture called Dynamic Fuels to produce a new high-grade renewable diesel fuel. Using a proprietary Bio-Synfining process and a feedstock of animal fats, greases, and vegetable oils supplied from Tyson, Dynamic Fuels will produce diesel fuel at a facility in Geismar. Scheduled to begin operation in 2010, the plant will produce 75 million gallons per year.
Smith Tank & Steel
$5 million
The company has acquired the former 84 Lumber facility on La. 30 and plans to up-fit the facility for its fabrication, field erection and storage-tank repair business. The site will be fully operational by January.
EAST BATON ROUGE PARISH
Green Light Plan
$2 billion
Residents in 2005 voted and passed an extension to the current one-half of one percent sales and use tax through 2030 for local infrastructure improvements. The parish is building new roads, widening existing ones, improving intersections and upgrading traffic signalization and synchronization.
Woman’s Hospital
$350 million
The hospital has halted construction on its new facility at the corner of Airline Highway and Pecue Lane until it can secure ?permanent financing.
Pinnacle Entertainment Inc.
$250 million
Pinnacle’s plans for a new riverboat casino have been delayed three times now. The Louisiana Gaming Control Board gave the company until Nov. 5 to enter into a construction contract. Pinnacle had asked for a March 31 extension. Company officials have said they are committed to building Baton Rouge’s third riverboat casino. “We’re doing everything we can to move forward with this project in as timely a manner as we can,” Pinnacle executive vice president and general counsel Jack Godfrey recently told the Associated Press.
Renew Paper Mill
$73 million
The New York private equity firm PanAmerican Capital Group bought the Tembec paper mill and part of its acreage south of St. Francisville for $16 million. Now known as Renew Paper Mill, the facility has already gone through a $36 million overhaul.
Starmount Life Insurance Co.
AlwaysCare Benefits Inc. Headquarters
$27 million
The first phase of the 24,000-square-foot ground level will be finished early next year. Down the road, Starmount plans to add another 21,000 square feet to the ground floor and a 45,000-square-foot second floor. The building at the corner of Goodwood Boulevard and Connels Park Lane sits on ?6.4 acres.
LIVINGSTON PARISH
Our Lady of the Lake Regional Medical Center
Price undisclosed
Our Lady of the Lake Regional Medical Center has bought 235 acres at I-12 and La. 447 in Walker. The initial facility will include a combination of outpatient services, physicians offices and probably more. OLOL remains in the development and planning phase of its project, with the target date to begin construction next spring or summer and a scheduled completion date of late 2011.
North Oaks Livingston Medical Complex
$32 million
The two-story facility will be located on 30 acres in Satsuma and is scheduled to open for business in October 2010. The facility will offer a range of outpatient and diagnostic services, including cardiology, laboratory, radiology and rehab. It also will include an acute care center, family medicine clinic and specialty clinic.
Pinnacle riverboat casino
