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by nindalf 3071 days ago
You make great points. There is a concern that not all of the incentives will be in terms of infrastructure improvements. Look at Wisconsin's deal with Foxconn - they're literally paying Foxconn money and giving them a license to pollute wetlands and waterways in exchange for 13,000 jobs.
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And it will be amazing if there are actually 13,000 jobs. These things have a magical way of never materializing. The jobs turn out to be temp construction or count jobs created in the "economic impact" of having the company there. It's very rare for these deals to come out with the city on top or even equal.
This is my fear. The cities are offering up fantastic deals so that their politicians can get credit for those mythical benefits that never materialize. By the time the results can be evaluated that politician will be long gone. It's completely impossible to evaluate a proposal like this on the time scale of 50 years.