That’s usually how subsidies work in all industries.
You don’t pay something, or pay a highly reduced rate, in exchange for doing something.
Come to XYZ town and you won’t pay property taxes for 20 years if you build something, or you won’t pay corporate state taxes, or you won’t pay something else.
It becomes a bidding war between states/cities trying to offer the best deal to get the business, because the business will dwarf what they offered you.
The problem in this case is, they built this and offered it expecting an external supply chain to be built that would support the factory in NY, but because the high tech manufacturing jobs never happened, that supply chain never got built, and that supply chain was part of the whole business model and expected economic gain.
Really there would be no conceivable way other than corruption to have a similar lease when they re-sign (if they re-sign) it given that failure. Had the plan worked, that free lease would have been worth it, and Cuomo would be able to declare it a massive win.
Tesla doesn’t own the factory, NY owns the factory.
How much rent does tesla pay for it?
Nothing, that was the subsidy and requirement for meeting the now heavily reduced quotas.
Their lease is coming up though, and there’s opposition to re-signing it, or at least changing what they pay for rent.
Fucking nothing? That’s absurd.
That’s usually how subsidies work in all industries.
You don’t pay something, or pay a highly reduced rate, in exchange for doing something.
Come to XYZ town and you won’t pay property taxes for 20 years if you build something, or you won’t pay corporate state taxes, or you won’t pay something else.
It becomes a bidding war between states/cities trying to offer the best deal to get the business, because the business will dwarf what they offered you.
The problem in this case is, they built this and offered it expecting an external supply chain to be built that would support the factory in NY, but because the high tech manufacturing jobs never happened, that supply chain never got built, and that supply chain was part of the whole business model and expected economic gain.
Really there would be no conceivable way other than corruption to have a similar lease when they re-sign (if they re-sign) it given that failure. Had the plan worked, that free lease would have been worth it, and Cuomo would be able to declare it a massive win.