- — Exxon owned an 18‑mile stretch of coastal marsh in Vermilion Parish (about 120,000 acres).
- — The land had been tied up in longstanding coastal lawsuits brought by the state and parishes alleging wetland damage.
- — Donating the land to the state removed that ownership obstacle for SpaceX’s planned purchase and development.
- — The state sold the donated property to SpaceX for $100 million (≈$800 per acre).
- — The report says Exxon also provided the state with “a couple hundred million” for coastal restoration; the exact amount was not publicly disclosed.
- — The land transfer and settlement were described as central to finalizing SpaceX’s lease and incentive package.
- — Negotiations among state officials, SpaceX and Exxon involved multiple teams and frequent meetings.
- — An agreement in principle was announced in late May and paperwork took about two more months to finalize.
- — The donation was tied to resolution of the coastal suits against oil companies.
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