No. of Recommendations: 11
There might be extra tax revenue and some more jobs, but almost none of that will end up being allocated to the people who live in the immediate area. They get all of the negative impacts (real or perceived) from a LULU (locally undesirable land use), and none of the upside.The Foxconn Wisconsin project is instructive in this regard. It was to be a "$10 billion investment" with $3 billion in subsidies and 13,000 employees, and highly favorable special privileges in the state. It ended up being far less than 10% of that with a couple of mostly empty buildings, now mostly sold, and a very small manufacturing operation of a few hundred people peak. The originally announced "subsidies" would have amounted to at least 1/3 of a million dollars/employee.
Trump, naturally, called it the "Eighth Wonder of the World".
I think Microsoft ended up buying rights to the property and building a data center there.
en.wikipedia.org - Wisconn Valley Science and Technology Park
