Build the freaking led crown the city needs something different for a change !!!!!!!
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My statement that you bolded was fact. I didn't see any signage anywhere. I think a reasonable reaction would have been to quote the article you read which mentions signage. Care to do that? |
These clowns should be told to :gtfo2: This isn't Indianapolis.
From the article: "Salesforce has asked the city for concessions including rights to put "extremely extensive" signage—including a "video wall"—on the exterior of the Wolf Point building . . . The company also requested a $10 million property tax abatement, which city officials have balked at . . . Salesforce is also seeking exclusive use on certain occasions of park and related public way space around the Wolf Point site that is supposed to be used strictly for public purposes . . . " prompted the city to adopt an ordinance setting limits on signage size and location on buildings along the river . . . Salesforce's request would "totally eviscerate" that ordinance." |
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Really I just want the tax abatement worked down. I can live with a couple million bucks. I'd expect Rahm to work this out pretty rapidly given the approaching election. |
Well, can't argue with the benefits of 5000 workers. but we should be clear that it's "up to 5000 workers". So while they're certain to go on a hiring spree, nothing is set in stone. As well, the minute there's a downturn, companies like Salesforce will be the first to feel it, and they'll cut loose workers in satellite cities like Chicago first. That's where the resistance to these tax breaks come from. There's too many "what ifs" and why would anyone trust a company trying to weasel out of their civic duty in the first instance?
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If they put the same sort of video crown on this thing I'm just gonna assume it hits supertall height. The roof of the SF Salesforce tower is at 913' so the crown extends 150' above that.
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If these jobs pay $50,000 per year on average that's $12,375,000 in income taxes, along with all the extra sales taxes and property taxes created by the workforce. You'll need a few thousand new housing units for them I'm assuming, much of it would be absorbed from people living here already, but a net gain in fresh jobs is going to trickle down to a net gain in needed housing at the end of the day.
I'm not excited about $10M in future tax breaks, but you'll probably be pulling in $30M+ per year just from the additional income and sales taxes along with say 2,000 net new homes needed paying $7,000 per year in real estate taxes. |
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The Boeing deal was a headquarters relocation that also gives the state a corporate income tax bump that I think works out to $6M per year. |
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The housing is a good point, which people seem to fail to not be able to think about these things at such a deep level. We aren't talking about 200 people. We are talking about 5000 new jobs. There will be indirect impact in things like you say like new housing, the tax generated from that, the new jobs, etc. |
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That's a good point...is there a way to have any tax incentives track the pace of hiring? Can have incentives based on the economic impact of hiring a new employee base. |
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They've had this program for years and numerous companies have done it. This isn't some new problem of a company promising to hire some number of workers. It's called the EDGE program. Problem solved. |
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Will be a pretty crowded worksite if both wpe and wps are under construction at the same time.
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