“Amazon is also visiting these cities’ trendier areas as part of its visits, according to the WSJ, to ensure they are attractive enough to draw younger workers from all over the country.”
The use of stink was intentional to emphasize Fab 7x7 positive attributes (and not the feces and urine scent etc that will be gone when Jeff visits by Amazon Priming cases and cases of Frebreze)
Property tax revenue is up over 38% compared to the 2009 peak. It’s grown over 8% every year since 2014. Would that happen without Amazon? That’s a ton of extra tax revenue. Population growth is ~10%, so thats a big improvement in tax revenue per person. If the budget is tight now with amazon, how disastrous would it be without?
Good questions. Generally good jobs lead to economic growth & taxes.
The professor in this article doesn’t seem to be questioning that. His main point is if amazon changes it’s plans over 15 years then there should be a clawback option for the benefits amazon has gotten.
It’s probably not as clear cut as this. How much did the costs rise to provide infrastructure & services to support that many people? I assume once you have denser cities, you need to invest in a bunch of other things that you wouldn’t have otherwise (like public transportation, which is usually roi negative).
My points are:
Costs since 2009 also rose.
Cost is not linear with the number of people.
I don’t know the answer, but asking in case someone does. Not arguing amazon didn’t contribute to seattle - it’s most definitely the opposite.
Raleigh is ranked number 1 in above article, consistent with my ground feedback that it is the most likely choice for HQ2. Any1 think is worthwhile to buy rental in RTP? Prices seem to have more than double from 2009 just like SV.