Here are questions BiL posed after the first two community meetings on SK hynix's $3.87B plan, with responses officials offered Friday evening, as neighborhood protest continues
The article from Eugene enumerated the total cost to the community in regards to subsidies, credits and incentives. It would be useful to see what West Lafayette, Tippecanoe County, and the state are bringing to the table for this project. Small businesses, of course, do not have access to subsidies or credits like these huge projects do, but instead end up footing the bill, as does the average Joe and Maryanne Taxpayer. It would be heartbreaking to see this community invest heavily in a project to only see it be abandoned when the going gets tough. What guarantees do we have in this regard?
Will there be a video of the presentation this morning?
And will there be a recorded video of the City Council meeting available later?
I'm not sure about the panel being recorded. It was streamed in the Bean room, so it could have been archived.
All the people from the City reading these comments, can you please reach out and let us know where we can find a copy?
The article from Eugene enumerated the total cost to the community in regards to subsidies, credits and incentives. It would be useful to see what West Lafayette, Tippecanoe County, and the state are bringing to the table for this project. Small businesses, of course, do not have access to subsidies or credits like these huge projects do, but instead end up footing the bill, as does the average Joe and Maryanne Taxpayer. It would be heartbreaking to see this community invest heavily in a project to only see it be abandoned when the going gets tough. What guarantees do we have in this regard?
This story from April 2024 goes through the incentives revealed during the announcement: https://www.basedinlafayette.com/p/we-won-inside-the-chase-for-a-387b
SK hynix also is in line to get $450 million, plus up to $500 million in loans, from the federal CHIPS Act: https://www.basedinlafayette.com/p/white-house-450m-from-chips-act-going
Thanks Dave!
The line that always stands out to me: That would allow the bulk of the additional property tax revenue tied to the new facility to go to the IEDC.