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So Iowa doesn't have to deal with providing services to the site? Land management services, emergency services, water, sewerage, etc?
by vacri 9y ago
So Iowa doesn't have to deal with providing services to the site? Land management services, emergency services, water, sewerage, etc?
- jessriedel 9y agoWhy would Iowa agree to an amount of revenue that doesn't even cover the cost of additional services?
- vacri 9y agoI'm just countering the idea that there is no cost to the state.
- EpicEng 9y agoIt's only a cost if the expenses are larger than the revenue...
- vacri 9y agoYou're missing my point. Painting a $20M donation as pure profit is misleading if it ends up costing 99% of that to get the donation. Yes, in absolute terms, there was a net benefit, but in your own words: don't pretend you don't understand the difference.
- rtpg 9y agobecause the decision makers on this deal are not those who have to manage the costs down the row? Pretty classic principle-agent problem
- jessriedel 9y agoI mean, that applies to all local government actions. And in any case, we don't need to speculate. You can just total up these costs.
- macintux 9y agoTotaling up the public infrastructure costs of one specific user of resources is non-trivial. What are the additional road repair costs? How much extra money and time do local firefighters spend to be trained on how to deal with data centers?
- jessriedel 9y agoThere is lots and lots of data on this.
- yequalsx 9y agoBecause they hope that the jobs created will provide enough of a boost to the economy to offset the cost of providing services for the land. Sometimes this is done in the hopes of encouraging other companies to set up shop in the area. Sometimes the Governor feels like he/she needs to reward a region for past votes or favors. Sometimes soft bribes are the reason.
- kenjackson 9y agoThey are paying taxes still on it. Just the same as farmland. So the question is does the data center services cost more to the state?