[Olreich]

Usually the tax incentives are relatively minor and are long term as well. The more important thing with the real-estate strategy is that there's a lot of capital and personal clout wrapped up in these massive building projects and investments. Amazon recently had 2 shiny new buildings built in Arlington, VA. They have a bunch of buildings that were built in Seattle. There's definitely tax incentives involved, but those tax incentives are tiny compared to the billions of capital poured into the buildings.

[aprilthird2021]

If anything there are tax penalties. SF makes companies pay a tax per person in a seat working in SF, so it incentivized companies to move offices elsewhere and go remote

[grigri907]

Is this just a sunk cost fallacy then, or do they expect some other benefit?