So I had to look this up, because that Tesla factory does employee thousands of people, and it manufactures their superchargers, has an AI datacenter in it, and a bunch of desk jobs, so I wasn’t sure what was failed about it.
Originally, it was supposed to be a solar panel manufacturing facility, but that didn’t really pan out. There was a quota to employ a certain amount of high tech manufacturing jobs, which was later changed to just manufacturing jobs, and then just jobs.
So while the factory is there and functional, it’s definitely not what was intended when it was built with certain requirements set on Tesla (or whoever would have won the contract), and what it does now, doesn’t bring in anywhere near the expected economic boost that the original intended plan would have.
So in that sense I’d say it’s definitely a failed project yes. But the factory is there and functional.
Edit: Also looks like their lease is coming up in a few years, and theres opposition to signing a new deal with Tesla.
One might say NYC gave Elon Musk, a white supremacist, a billion dollars to own a factory instead of employing those people in public transit and energy production for the city.
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.
So I had to look this up, because that Tesla factory does employee thousands of people, and it manufactures their superchargers, has an AI datacenter in it, and a bunch of desk jobs, so I wasn’t sure what was failed about it.
Originally, it was supposed to be a solar panel manufacturing facility, but that didn’t really pan out. There was a quota to employ a certain amount of high tech manufacturing jobs, which was later changed to just manufacturing jobs, and then just jobs.
So while the factory is there and functional, it’s definitely not what was intended when it was built with certain requirements set on Tesla (or whoever would have won the contract), and what it does now, doesn’t bring in anywhere near the expected economic boost that the original intended plan would have.
So in that sense I’d say it’s definitely a failed project yes. But the factory is there and functional.
Edit: Also looks like their lease is coming up in a few years, and theres opposition to signing a new deal with Tesla.
One might say NYC gave Elon Musk, a white supremacist, a billion dollars to own a factory instead of employing those people in public transit and energy production for the city.
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.
Wouldn’t a roughly equal number of jobs be created by spending it on transit?
You spend that amount of money on anything that would generate jobs and it will generate jobs.