Communities in the vicinity of the pipeline benefit from Bluegrass Pipeline through new jobs, taxes and community grants.
Tax RevenuesAs a direct result of the Bluegrass Pipeline, communities along the proposed route will benefit from tax revenues. Each year, the pipeline will pay taxes to state governments. In Kentucky, for example, the Bluegrass Pipeline would expect to pay millions in taxes each year over the multiple decades of the life of the pipeline.
Through state formulas, some of those dollars will become available to communities through apportionments at the county level. Generally the taxes are paid based on the value, and/or length/diameter of pipe in the ground, as well as on the value placed on above-ground facilities. State taxation of pipelines differs from state to state.
Compensation for Easements
Landowners whose properties are traversed by the new-build segments of the Bluegrass Pipeline also will receive compensation.Bluegrass Pipeline is committed to offering a fair price for any required easement. Specifically, any offer by Bluegrass Pipeline to acquire an easement will be based on the following:
A fair value, based upon market value principles and number of acres needed, for the privilege of establishing a permanent easement across your land. We will obtain a permanent easement, but you, as the landowner, retain ownership and use of the land.
Additional compensation for damages to crops, grazing lands, timber or any structures directly caused by the construction and maintenance of the pipeline. Construction damages will be paid on the area affected by the actual construction. The settlement for damages to crops either can be paid in advance, based on records of local yields or can be paid after construction, based on actual crop losses.
JobsApproximately 6,000 to 7,000 temporary jobs will be created during the construction phase of the project and approximately 30 individuals will be added to the company on a full-time basis to operate the pipeline. We expect to have 11 construction spreads (or segments) that each will account for 400 to 500 workers, plus another 15% on top of this for field management, inspections and additional services.
Communities should also expect indirect economic benefit as construction personnel and eventually full-time pipeline personnel spend money on supplies, food and lodging.
BGP Shares Updates with Larue County Chamber
On February 19, 2014, Bluegrass Pipeline representatives presented at the Larue County Chamber of Commerce monthly luncheon. The Bluegrass Pipeline is a sustaining sponsor of the Larue County Chamber. Project representatives shared important information and updates about the project and answered questions from community leaders and residents.
Report: $100B Investment in US Chemical Industry due to Natural Gas Boom
A recent report in Business Standard shows that the natural gas boom in the United States will pay great dividends to the US economy, if recent investments in the country’s chemical industry are any indication: Shale gas boom in the US has led to investment of about $100 billion in the chemical industry. According to […]
Bluegrass Pipeline Awards Community Grant to Breckinridge County KY Animal Shelter
The Breckinridge County Animal Shelter in Hardinburg, Kentucky today announced the receipt of $12,500 from the Bluegrass Pipeline project which will be used for expanding its facility in order to further the shelter’s mission of housing the county’s homeless animals until they find their forever homes. The funding is part of a community grant program […]