Investigative Post: No tax break request yet for Amazon project
The online retail giant Amazon hasn’t applied for any tax breaks for a proposed $300 million warehouse in Niagara County.
At least not yet, anyway.
Niagara County Industrial Development Agency Attorney Mark Gabriele said this week that the company has not yet submitted an application for tax break assistance for a five-story distribution center it has proposed for a site on Lockport Road in the Town of Niagara, just outside Niagara Falls.
Today is the deadline for submitting items to be considered for the NCIDA’s next regularly scheduled board meeting, slated for Wednesday. The board isn’t scheduled to meet again until May 11.
Amazon presented plans for its proposed “first-mile” fulfillment center to the Niagara County Planning Board earlier this month. During the meeting, an Amazon representative said the center would create at least 1,000 full-time jobs, offering an average wage of $18 per hour, plus benefits.
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Pat Garofalo, director of state and local policy for the American Economic Liberties Project, a non-profit that advocates for corporate accountability, argued in his own analysis of the project that Amazon would still have made out pretty well under the agreement, which included an 85 percent property tax reduction in year one.
“In year two, it would have been reduced by 80 percent, with gradual increases until, finally, in year 16, Amazon paid full freight,” Garofalo wrote. “Due to those big discounts in the early years, I’d bet Amazon’s savings from the PILOT would have exceeded the $10 million offered to the (town).”