Boeing to lease more land in South Carolina for $1 per year

[OneCrazyDiamond]

Source: Reuters

Dec 13 (Reuters) - Boeing Co has obtained a $1-a-year lease for 468 acres (189 hectares) of state land near its factory in South Carolina, nearly double the amount expected for a planned expansion, a spokeswoman for the planemaker said on Friday.

Besides 267 acres (108 hectares) it had planned to lease from the Charleston County Aviation Authority, Boeing added another 201 acres (81 hectares) of North Charleston land that had been privately owned to the deal, spokeswoman Candy Eslinger said.

Boeing did not say what it plans to build on the land.

Palmetto Railways - a division of the South Carolina Department of Commerce - paid $49 million for the land, a department spokeswoman said. It will lease the property to Boeing for $1 a year until 2027, when the company can opt to buy the land.

Read more: http://in.reuters.com/article/2013/12/13/boeing-southcarolina-land-idINL2N0JS0KZ20131213

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Welfare reform?

[valerief]

1. Can any person do that? I'd even tell what I'd be using the land for. nt

[jtuck004]

2. So a lease for $1 a year doesn't add to the taxes paid for schools and such, so perhaps they

expect the taxpayers who bough the land, who now have nearly nothing for disposable income, to pay for their own schooling as well?

Mexico is looking better and better...

http://www.nytimes.com/2013/11/19/world/americas/in-the-middle-of-mexico-a-middle-class-is-rising.html?_r=0

They are doing what we used to, and reaping the rewards while we circle the drain. Companies paying for schooling so they can hire people, and for better jobs than the shit $15/hr factory jobs we have at our "success stories".

[hibbing]

3. Once again..

Socialize the cost, privatize the profits, it runs rampant in American "capitalism".

[MrScorpio]

4. Sounds like a dynamite way to fuck over the tax base

Just don't tell anyone down there that this isn't fascism, because they'll never believe it.

[LeftOfWest]

5. They wanna bust the Union in Washington State

and suck up the pensions and kill their health care packages if the Union does not give in to the Austerity Extortion running rampant in the US and world today.

[Archaic]

6. A dollar.

One dollar... fine. That's the way they want it? No problem.

[cut to Louis cleaning and loading an array of shotguns in the den]


And Agent Mike, no I'm not going to go shooting anybody. It's a movie quote. Calm down.

[warrant46]

7. Get ready for a bunch of non union $10.00 an hour jobs to be posted

[lordsummerisle]

8. My understanding is that

The Charleston facility is still behind schedule with its planes. Any expansion would mean a lot more untrained workers would have to be brought up to speed in this right-to-work-for-less state. I guess Boeing has run the numbers to make it work... David Cay Johnston has documented these cozy relationships between states and corporations in Free Lunch and The Fine Print and elsewhere.

[okaawhatever]

9. Can the military start paying less for the planes they purchase? We have to make up the tax revenue

somehow. Not only will SC not have revenue from the improvements to the land, the federal income taxes will be less because lower wage earners pay less in fed taxes. That's one of the many questions I have about these types of deals. It's bad enough they're screwing the unions but they're screwing us twice when we have fewer tax dollars to pay for the same price products.