3/17/2023 0 Comments Apple store reno nv![]() Even if the council hadn't approved the change from a lease to a sale for the downtown land, Apple still would have been eligible for the tax break. Nevada's economic development director Steve Hill said the council was powerless to change the tax abatement deal. "Let's send the message.that we are ending this unfair advantage of tax deals for some powerful, well-connected corporations and not for the rest of us," Brekhus said. She wanted to halt the agreement, noting Nevada residents have had to bear tax increases that will be abated for Apple under the old agreement. She questioned whether the 2012 city council abused its discretion is approving a tourism tax abatement for a warehouse. Reno Mayor Hillary Schieve applauded Apple's decision to build in downtown Reno, noting the company helped spur a rapid expansion of technology companies in Northern Nevada.īrekhus, an outspoken opponent of tax abatements, disagreed. By moving the computer equipment needed for the data center through that warehouse, it will be able to chip another 1.5 percent off its sales tax rate. How Apple's Reno warehouse became eligible for a tourism tax breakīecause of a quirk in state law, the state can abate all but 2 percent of the sales tax rate paid by Apple on the computer equipment needed for its data center.Īs part of Wednesday's deal, however, Apple will build a warehouse on land in downtown Reno that's part of a tourism improvement district created in 2009. The value of those abatements will increase with the expansion of the data center. Apple is also set to get a new neighbor with cloud services company Rackspace planning to build a data center at Reno Technology Park.Īpple's original $1 billion data center was awarded $89 million in state property and sales tax abatements in 2012. Northern Nevada also attracted two high profile data center projects last year. Switch’s SuperNAP colocation data center at the Tahoe Reno Industrial Center is planned to be the largest data center facility in the world once finished. Last month, Google purchased 1,210 acres of land at the Tahoe Reno Industrial Center for nearly $29.1 million, according to documents filed with Storey County last Friday.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |