Yes, the whole point of giving them a reduction in future taxes is to encourage development in otherwise undesirable land.

You would never build residential development at the threshold of an airport for obvious reasons. So the remaining options are either leave the land undeveloped and get nothing, or build something that doesn't need quiet to generate tax revenue.

I'm not advocating for or against specific tax agreements because that is between the company and local government, who represent the people.

Oh, and by the way, not that you'd care given your aggressive tone, but US corporate tax rate is about in line with OECD rates: https://taxpolicycenter.org/briefing-book/how-do-us-corporat...