PayPal would be the anchor tenant of the website – if tax breaks exceed a broader vote.
The Jordan School District Board of Education has voted unanimously in favor of a decade long tax rebate for PayPal servers in Aligned Energy data centre in West Jordan, Utah. For the on-line payment processing company to receive the roughly $6.8 million in tax admissions, the project requires the approval of the top management of a Taxing Entity Committee which includes reps not only from School District, but additionally the town of West Jordan, Salt Lake County, special service districts and the Utah State Board of Education.
This is likely voted after the meetings on December 6. Documents presented in the faculty board meeting assert the job has the potential to increase the commercial tax base of the college district by $122.3 million, and puts current real land back in usage while minimizing effect on necessary services, such as schools and housing. In a meeting with the State School Board committee on Nov 2, West Jordan’s economic development director Kent Andersen explained that the company planned to invest $633 million over a 10 year period. It’s anticipated to lead to 20 jobs.
– Aligning deals.
Adam Long, lawyer at the West Jordan Redevelopment Agency, told the State School Board’s finance committee that the proposal takes an extremely targeted, very narrow approach since it only applies to the company’s private property, Deseret News reports.
Early negotiations for the tax break was done under the codename Pepper River. So basically, Pepper River belongs in and puts at countless millions of servers in this building. This growth is only from these servers, Long explained. If plan to be approved, PayPal will serve as an anchor tenant of the Negotiated Energy info centre, leasing around 40 percent. The center, in 3333 W. 9000 South, was formerly a manufacturing plant for Fairchild Semiconductor which was closed in 2014. The site was offered to the regional Redevelopment Agency, and after that obtained in 2017 by Aligned Energy for $13m. According to Kent Andersen, the business spent $16m on upgrades and retrofits to make the website a viable data centre.