Quote:
Originally Posted by GGG
The Amazon number I suspect is similar because there is no manufacturing technology to fund. I'd wager Foxconns cost per job including all the manufacturing is much higher than amazons.
I suspect the deal ends up being a significant discount property taxes for the building that Amazon occupies plus infrastructure costs to build the Campus. So that at full build out likely about 10 Bow buildings which cost about 1.5 billion so about 15 billion to build the Campus which at a .0175% mill rate is about 250 million per year.
Something like a 50% property tax subsidy over 30 years plus 200 million up front in land. So the first 5 years are closer to 25 million per with the last few years of build out being 125 million. So average say 75 million per year for 30 years. So all told 2.5 billion in subsidies and we'll toss in 200 million for the Amazon arena
Though this is potential for a city to give them free property tax through a CRL which would put a number close to 5 billion.
But put me down for Foxxconns 3 billion number as around what Amazon gets.
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My guess is no property tax plus no business tax plus no minimum wage ever.