alt Hacker NewsYes, I do. Know why I think that? Under threat of another expensive lawsuit, my local datacenter forced our town council to give a 50% tax cut for 12 years. So they are already able to not pay about 1.7 billion in taxes. If they could pay $0, they would.
So your town gave up $140 million PER YEAR in tax revenue to avoid an expensive lawsuit? I call bullshit.
EDIT: I looked it up, not surprisingly, you're really shading the truth here. This is the barn, yes? So it looks like what happened is that the township denied the application for the DC, the developer sued, and the township cut a deal to let the DC go through, with a 50% cut to their tax bill for 12 years. Then the value of the DC went up dramatically, because AI, and the township tried to claim that the tax cut was for 50% of the original value when they approved the tax cut, not 50% of the property value when the tax is due. Their own attorney told them that was bullshit, so they eventually dropped it.
This is like if a store gives you a coupon for 50% off and then you take it in to redeem it a few months later and they've quadrupled their prices, and they try to tell you the coupon actually means 50% off of what their prices were when you got the coupon. Ridiculous.