Reply to amazon hq arlington incentives posted!!

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[quote=Anonymous][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]

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

Um...this.

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

[/quote]

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 .[/quote]

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