amazon hq arlington incentives posted!!

[Anonymous]

Anonymous wrote:

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.

Crystal Landing Strip is just the spice Arlington needs.

[Anonymous]

Does anyone else feel like Amazon made out like a bandit? The company probably always planned on expanding operations to New York and DC area. By styling it as an open beauty contest for a second headquarters (which it wound up not being), Amazon got some incredible give aways it would never have otherwise ($2 billion worth).

[Anonymous]

Well, now I’m glad Montgomery county didn’t get it. We would be renaming White Flint / Rockville/North Bethesda to national landing .

[Anonymous]

Anonymous wrote: Well, now I’m glad Montgomery county didn’t get it. We would be renaming White Flint / Rockville/North Bethesda to national landing .

Because White Flint has such a nice ring to it?

[Anonymous]

Anonymous wrote:Does anyone else feel like Amazon made out like a bandit? The company probably always planned on expanding operations to New York and DC area. By styling it as an open beauty contest for a second headquarters (which it wound up not being), Amazon got some incredible give aways it would never have otherwise ($2 billion worth).

+500

It was settled the second Bezos bought his DC house. Now, he can live out his dream of being this century’s Kay Graham with huge tax incentives to boot. Very smart.

[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.

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

Um...this.

!! http://www.acpsk12.org/news/?p=11234

[Anonymous]

Anonymous wrote:

Anonymous wrote:Does anyone else feel like Amazon made out like a bandit? The company probably always planned on expanding operations to New York and DC area. By styling it as an open beauty contest for a second headquarters (which it wound up not being), Amazon got some incredible give aways it would never have otherwise ($2 billion worth).

+500

It was settled the second Bezos bought his DC house. Now, he can live out his dream of being this century’s Kay Graham with huge tax incentives to boot. Very smart.

Yup. It's pretty lame / sneaky they wasted the time and money of 20 other cities

[Anonymous]

VA is spending around 23,000 in incentives per job, that must average 150k a year per agreement.

VA will make that back in state income taxes alone in 4-5 years. The infrastructure upgrades are separate and frankly needed. I consider it a huge win that NOVA is getting the state to dump that much money back into the area, as opposed to spending in the rear of VA

[Anonymous]

Anonymous wrote:VA is spending around 23,000 in incentives per job, that must average 150k a year per agreement.

VA will make that back in state income taxes alone in 4-5 years. The infrastructure upgrades are separate and frankly needed. I consider it a huge win that NOVA is getting the state to dump that much money back into the area, as opposed to spending in the rear of VA

This. Plus, the Amazon hoopla brought DC and MD back to the table to agree on funding infrastructure for Metro. This is a win for all of this region's residents.

In sum:
25K jobs at an average of $150K each. This creates $200m+ annually in tax revenues for VA, MD, and DC.
VA gave $575m in direct incentives
Another $223m was promised for infrastructure investment (which was always needed regardless of Amazon's arrival)

We got a way better deal than NYC. I think VA's negotiators knew Bezos was coming here hell-or-highwater and low-ball AMZN. Plus, I don't think Bezos ever truly considered DC because of the lack of Congressional representation. So VA was only really in competition with MD.

Bravo, VA.

Sincerely,
DC Resident

[Anonymous]

https://www.yahoo.com/finance/news/amazon-hq2s-50000-jobs-will-cost-new-york-virginia-4-2-billion-181611603.html

Arlington taxpayers are on the hook, and Amazon will be making big $ out of this deal.

That’s because New York and Arlington County, Virginia, will need to borrow money by issuing bonds to pay for the tax credits. The total means an additional $200 million in interest payments, based on New York and Arlington County’s most recently issued bond rates of about 5%....

the company is in line to collect $200 million from each state for bonus jobs created over 25,000

Also, the decision had little to do with taxes, and more to do with location, per the article.

[Anonymous]

Anonymous wrote:

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.

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

Um...this.

!! http://www.acpsk12.org/news/?p=11234

I saw that already and it would be great if the city could be transparent and forthcoming by writing press releases in layman’s terms and plain english for the average Alexandria tax payer to understand. I have absolutely no idea what Alexandria is getting, concretely what it means and I’m not an idiot. Using fancy PR phrases doesn’t tell me anything. So frustrating .

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Alexandria (Oakville Triangle) will be getting the VA Tech center, which is huge. It also means a kick in the pants to get the Potomac Yard station built, more money for schools (both Arlington and Alexandria will have to build more schools), VA Tech itself might form some sort of partnership with the Alexandria schools to help it FINALLY improve itself, which will help the entire region. One of the reasons Alexandria's housing prices lag Arlington is because of the poor schools.

This also spurs the North Old Town improvements, and the power plant redevelopment, the Braddock Road metro area redevelopment. Everything trickles down. I also would not be surprised if one day Rte 1 through Old Town goes underground to quickly get traffic to 495. It would be super expensive, yes, but I think one day we will see it. And Old Town is left being a pedestrian-friendly totally walkable oasis.

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

Um...this.

!! http://www.acpsk12.org/news/?p=11234

I saw that already and it would be great if the city could be transparent and forthcoming by writing press releases in layman’s terms and plain english for the average Alexandria tax payer to understand. I have absolutely no idea what Alexandria is getting, concretely what it means and I’m not an idiot. Using fancy PR phrases doesn’t tell me anything. So frustrating .

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

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

Um...this.

!! http://www.acpsk12.org/news/?p=11234

I saw that already and it would be great if the city could be transparent and forthcoming by writing press releases in layman’s terms and plain english for the average Alexandria tax payer to understand. I have absolutely no idea what Alexandria is getting, concretely what it means and I’m not an idiot. Using fancy PR phrases doesn’t tell me anything. So frustrating .

Alexandria (Oakville Triangle) will be getting the VA Tech center, which is huge. It also means a kick in the pants to get the Potomac Yard station built, more money for schools (both Arlington and Alexandria will have to build more schools), VA Tech itself might form some sort of partnership with the Alexandria schools to help it FINALLY improve itself, which will help the entire region. One of the reasons Alexandria's housing prices lag Arlington is because of the poor schools.

This also spurs the North Old Town improvements, and the power plant redevelopment, the Braddock Road metro area redevelopment. Everything trickles down. I also would not be surprised if one day Rte 1 through Old Town goes underground to quickly get traffic to 495. It would be super expensive, yes, but I think one day we will see it. And Old Town is left being a pedestrian-friendly totally walkable oasis.

[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.

Crystal City Restaurant, where the special is the New York strip.

NEVER FORGET!

[Anonymous]

I'm surprised they didn't just call it Amazon City