West Feliciana Parish is set to receive up to $90 million a year in new revenue through a 30-year agreement with Hut 8, a Miami-based company planning to build a $2.5 billion data center near St. Francisville.

The deal — approved Tuesday at the parish’s first Industrial Development Board meeting — creates a new revenue structure unique to the parish. The board, formed last week as a nonprofit public corporation, allows the parish to collect payments in lieu of traditional property taxes, a plan known as Payment in Lieu of Taxes or PILOT. Parish officials say it will generate more revenue than Louisiana’s standard tax incentive programs.

The board, which was approved by the Parish Council, consists of representatives from the parish’s three largest taxing authorities: Sheriff Brian Spi

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