"This is a game-changer site," said Joey Grisham, president of the Hutto Economic Development Corp.
didn't have an available 5 million-square-foot building, but Grisham
said the community submitted a proposal to build on several hundred acres.
could get Taylor to help enlarge Hutto's original proposal of several hundred acres.
said Hutto-Taylor had put together a package of tax abatements and rebates worth $800 million to $900 million over 20 years.
It had spent $20,000 for an option on the 1,200-plus acres.
The only upfront money would be whatever the state offered from the Texas Enterprise Fund
"We knew no one was going to give $500 million upfront," Grisham
Nevada provided a $1.3 billion package, including tax breaks that will allow Tesla
to operate the factory virtually tax-free for years.
"I don't view it as a loss because look at the exposure we're going to get," Grisham
"This is the biggest project talked about in the world."
said the Hutto-Taylor partnership is trying to extend the options on the land and is approaching investors to buy the land - at a cost of $20 million - to keep the megasite together for a game-changing project.