https://www.desmoinesregister.com/story/money/business/2017/08/24/apple-puts-faith-waukee-100-million-pledge/596775001/ https://www.desmoinesregister.com/story/

https://www.desmoinesregister.com/story/money/business/2017/08/24/apple-puts-faith-waukee-100-million-pledge/596775001/ https://www.desmoinesregister.com/story/money/business/2017/... > Apple Inc. pledged up to $100 million to Waukee under a multi-decade partnership announced Thursday during a visit from Apple CEO Tim Cook. > Waukee, in turn, will provide Apple with $194 million in tax abatement and infrastructure improvements. > Apple's $100 million investment in Waukee likely will be paid out over decades and go toward things like street and sidewalk projects and quality-of-life amenities like libraries and parks, Cook said. There are more details in the article, but it seems like the city is forgoing tax revenue with the understanding that Apple will be investing in the community.