| ▲ | twiclo 3 hours ago |
| We'll bring in buckets of money in taxes. Not to mention the nuclear power plant being built in response to the DC. |
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| ▲ | rybosworld 2 hours ago | parent | next [-] |
| > We'll bring in buckets of money in taxes Got any hard numbers on the tax revenue? I am skeptical because typically these projects receive tax payer money. > Not to mention the nuclear power plant being built in response to the DC A nuclear power plant takes 6-10 years to build in the US, and sometimes even longer. |
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| ▲ | simonw 2 hours ago | parent [-] | | > Got any hard numbers on the tax revenue? According to the county FAQ: https://www.boxeldercountyut.gov/661/Stratos-Page-FAQ-Page > What tax revenue is expected? > In Phase One, the county expects to receive $30 million in annual tax revenue. When fully built out, it could generate up to $108 million every year. | | |
| ▲ | 2 hours ago | parent | next [-] | | [deleted] | |
| ▲ | bluefirebrand an hour ago | parent | prev [-] | | "Expects" to receive is weasle-y. How much will they receive? "Could" generate 108 million a year Naw man. These numbers need to be more concrete upfront. This sounds like "under ideal conditions (that we won't ever achieve)" weasling |
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| ▲ | soco 2 hours ago | parent | prev [-] |
| Why bringing in buckets in taxes, is it owned by a local company? That, or one of us is misunderstanding how taxes work. |
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| ▲ | thelastgallon 2 hours ago | parent | next [-] | | Data centers and almost all big companies don’t bring in any taxes. They negotiate zero property taxes for 30 years and have govts pay them money, because they say the half dozen people they employ are going to create a boom in the economy, they will buy houses, eat out, go to bars and this will create money for the local govt and property taxes. The bucket of money is from the food truck, the only business that can be sustainable from a DC in the local area. The food truck is cash only, because they payment company now charges 50% because they are using AI to counter the spam and fraud from the other companies using AI. | |
| ▲ | freeone3000 2 hours ago | parent | prev [-] | | Taxes are assessed at multiple levels. Property taxes go to the municipality. | | |
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