It has been reported that the 130,000 acres in Vermilion Parish the state received in the recent ExxonMobil settlement for coastal restoration has been sold to SpaceX for $100 million, or approximately $800 per acre.
Is the sale of public lands to third parties without competitive public bidding permitted? Would this transaction be considered a private sale of public lands?
I understand the vital economic importance of this sale and assume it may have been covered by the agreements passed by the Legislature…