amazon hq arlington incentives posted!!

[Anonymous]

Anonymous wrote:What will this actually mean for those of us already living here? Has the area been promised anything by Amazon? Are we likely to see any improvements to QOL?

Haha! That's hilarious!

~Dodged that bullet in MoCo

[Anonymous]

Anonymous wrote:

Anonymous wrote:So what did VA give up to get Amazon to come?

23 Million Dollars in grant money

According to this, its $23M in grants, and Amazon commits $195M for improvements, and $28M more. Which is...a crapton of money.

The company will also receive a cash grant from Arlington of $23 million over 15 years based on the incremental growth of the existing local Transient Occupancy Tax, a tax on hotel rooms.
The community and Amazon employees will benefit from the Commonwealth investing $195 million in infrastructure in the neighborhood, including improvements to the Crystal City and the Potomac Yards Metro stations; a pedestrian bridge connecting National Landing and Reagan National Airport; and work to improve safety, accessibility, and the pedestrian experience crossing Route 1 over the next 10 years. Arlington will also dedicate an estimated $28 million based on 12% of future property tax revenues earned from an existing Tax Increment Financing (TIF) district for on-site infrastructure and open space in National Landing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So what did VA give up to get Amazon to come?

23 Million Dollars in grant money

According to this, its $23M in grants, and Amazon commits $195M for improvements, and $28M more. Which is...a crapton of money.

The company will also receive a cash grant from Arlington of $23 million over 15 years based on the incremental growth of the existing local Transient Occupancy Tax, a tax on hotel rooms.
The community and Amazon employees will benefit from the Commonwealth investing $195 million in infrastructure in the neighborhood, including improvements to the Crystal City and the Potomac Yards Metro stations; a pedestrian bridge connecting National Landing and Reagan National Airport; and work to improve safety, accessibility, and the pedestrian experience crossing Route 1 over the next 10 years. Arlington will also dedicate an estimated $28 million based on 12% of future property tax revenues earned from an existing Tax Increment Financing (TIF) district for on-site infrastructure and open space in National Landing.

Where is Alexandria’s piece of the pie, as Potomac Yard is in Alexandria???!!! We are getting screwed.

[Anonymous]

Enjoy your tax hike to support Amazon. At very least you should get a free prime membership for the next 10 years.

[Anonymous]

Anonymous wrote:Enjoy your tax hike to support Amazon. At very least you should get a free prime membership for the next 10 years.

Maryland and DC got the best deals

[Anonymous]

Maybe they'll rename the airport again. Reagan National Landing Amazon Airport?

[Anonymous]

It could be worse. They could have called it "Reagan Landing."

Thank god they didn't.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So what did VA give up to get Amazon to come?

23 Million Dollars in grant money

According to this, its $23M in grants, and Amazon commits $195M for improvements, and $28M more. Which is...a crapton of money.

The company will also receive a cash grant from Arlington of $23 million over 15 years based on the incremental growth of the existing local Transient Occupancy Tax, a tax on hotel rooms.
The community and Amazon employees will benefit from the Commonwealth investing $195 million in infrastructure in the neighborhood, including improvements to the Crystal City and the Potomac Yards Metro stations; a pedestrian bridge connecting National Landing and Reagan National Airport; and work to improve safety, accessibility, and the pedestrian experience crossing Route 1 over the next 10 years. Arlington will also dedicate an estimated $28 million based on 12% of future property tax revenues earned from an existing Tax Increment Financing (TIF) district for on-site infrastructure and open space in National Landing.

That actually seems like an amazing deal.

Assuming Amazon delivers on its promises of 25,000 workers at $150K that's $203,000,000 in just income tax alone going to VA every year. A one time payment of $23M to score $203M every year seems like a hole in one for VA.

[Anonymous]

Not all workers will make 150k, nor will all workers come from VA.

[Anonymous]

This math isn't right. They are reporting tax incentives over a billion for each location.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:WTF is "national landing"????

So Amazon gets to just rename Crystal City without even asking anyone ?

Yeah, that's odd. Makes no sense, Crystal City sounds way cooler.

National Landing will be Crystal City, Pentagon City, and Potomac Yard (in Alexandria) CC will be PART of National Landing

I HATE crystal city's name. It sounds so dated. And sort of like a strip club.

This. Crystal is the most trailer trash name.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So what did VA give up to get Amazon to come?

23 Million Dollars in grant money

According to this, its $23M in grants, and Amazon commits $195M for improvements, and $28M more. Which is...a crapton of money.

The company will also receive a cash grant from Arlington of $23 million over 15 years based on the incremental growth of the existing local Transient Occupancy Tax, a tax on hotel rooms.
The community and Amazon employees will benefit from the Commonwealth investing $195 million in infrastructure in the neighborhood, including improvements to the Crystal City and the Potomac Yards Metro stations; a pedestrian bridge connecting National Landing and Reagan National Airport; and work to improve safety, accessibility, and the pedestrian experience crossing Route 1 over the next 10 years. Arlington will also dedicate an estimated $28 million based on 12% of future property tax revenues earned from an existing Tax Increment Financing (TIF) district for on-site infrastructure and open space in National Landing.

You must have missed the additional $195 million

That actually seems like an amazing deal.

Assuming Amazon delivers on its promises of 25,000 workers at $150K that's $203,000,000 in just income tax alone going to VA every year. A one time payment of $23M to score $203M every year seems like a hole in one for VA.

You seem to have missed the additional $223 million being invested by the State and Arlington.

[Anonymous]

Tax incentives are one thing, don't you also have to consider the infrastructure investments required (roads/highway upgrades and so on)

[Anonymous]

https://www.washingtonpost.com/local/virginia-news/amazon-hq2-to-receive-more-than-28-billion-in-incentives-from-virginia-new-york-and-tennessee/2018/11/13/f3f73cf4-e757-11e8-a939-9469f1166f9d_story.html?utm_term=.214b26b72f60

$800+ million in direct incentives.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:WTF is "national landing"????

So Amazon gets to just rename Crystal City without even asking anyone ?

Yeah, that's odd. Makes no sense, Crystal City sounds way cooler.

Crystal City sounds like a strip club. National Landing isn't that bad.

National landing also sounds stripper-ish.

YES! It sounds a little on the porn side.