Reply to amazon hq arlington incentives posted!!

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So what did VA give up to get Amazon to come?[/quote]

23 Million Dollars in grant money[/quote]

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.

[/quote]

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.  [/quote]

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

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