Here is the latest report that Apple,Inc is finally agreed to invest $250 Million in its new Oregon Data Center after a deal with local governments in order to finalize its plans for a new data center in Prineville, Oregon.
According to a recent report from Mac Rumors, they has agreed to invest $250 million in facilities on its 160-acre property, and will offer an annual $150,000 “project fee” in lieu of property taxes over the next fifteen years. The company has also guaranteed to bring at least 35 jobs to the center at 150% of the average wage in the county.
And, a newspaper claimed “The $150,000 project fee in part of an agreement with Apple that was made public this week. Prineville City Manager Steve Forrester called it a common arrangement.”
“The Oregonian reports that the value of the tax break will depend on how much Apple winds up investing. Similar tax breaks on Google’s $1.3 billion data center in The Dalles are worth more than $24 million to the company annually, the newspaper said.”