[ad_1]
Amazon may have been backed out of New York City, but it was still going on in HQ2 left in Arlington, Virginia. A $ 23 million contract has been drawn up for a county board to vote on March 16th, and The Washington Post saw the terms of the early agreement.
The contract does not require a contract, it would typically be called a project labor agreement, and it does not ask for it. Housing fund requests are typically made to Arlington with more specific development plans.
It's almost as if Arlington was at the Amazon for reconsidering its deal in New York and withdrew at the last minute. New York was one of two chosen winners for HQ2 last November, and plans were already in discussion. Aimed at Protecting and Protecting Against Local Politicians Amazon to abandon its plans for a New York office.
All Amazon needs to do in Arlington. It must occupy 64,000 square feet of office space by the end of July 2020, 252,800 square feet by 2021, and 5,576 million by 2034. As Amazon hits its office space goals, it will receive $ 23 million.
On the flip side, Amazon is set to get paid by the county. Amazon's arrival in Arlington is expected to bump up hotel bookings and lead to a boost in hotel revenue, which the county would then give to Amazon. Amazon will be paid 15 percent of any hotel tax increases. Amazon will also have the right to disclose only the information that is required to disclose.
Overall, the deal looks like it's completely in Amazon's favor, while the citizens of Arlington and workers at Amazon's site are getting shorter.
[ad_2]
Source link