Lake Charles port tables lease proposal with Intercoastal Materials for bulk cement terminal

The Lake Charles Harbor and Terminal District on Aug. 28 tabled a proposed lease that would have authorized the executive director to enter an agreement with Intercoastal Materials to develop a bulk cement terminal. The item, listed as Submission 2025-035, was introduced by district staff as a lease authorization. A representative of a company that identified himself as Ricardo Camacho, 11075 Paradella Street, Miami, and “CEO of Fintracourt Materials,” came forward to introduce the company and said it has developed similar terminals, including a facility in Brownsville, Texas, and that it would answer questions from the board. The board then took a motion to table the submission; there were no objections and the item was recorded as tabled. Why it matters: The proposed lease would have allowed private development of a bulk cement terminal on port property, a project proponents said would serve regional energy and infrastructure work. Tabled status delays any formal negotiation or approval and preserves the district’s current control of the property until the board reconsiders the item. Details: District staff identified the agenda item as an authorization for the executive director to enter a lease with Intercoastal Materials to develop a bulk cement terminal. Company representative Ricardo Camacho said the firm has more than three decades of experience in cement terminals and offered to provide more information to the board if requested. The record shows the board took a motion to table the item and, after asking for objections, noted none and recorded the item as passed to be tabled. Next steps: The transcript does not specify when the board will return the submission to the agenda or any conditions for removal from the table. No formal vote tally or dissenting statements were recorded in the meeting minutes provided.