[ameribbean expat]

Another brilliant business decision by Govt.

[bigbob]

Welcome to the new New York

[Shady]

Prince Andrew Cuomo’s Legacy, super expensive empty buildings and an Unemployment Insurance system working overtime...

[Edward.Fish]

Should have had the full agreement in writing, to include the jobs. (The lack of a penalties clause shouldn't be an issue — just multiply the promised jobs by current average salary for those high-tech jobs, and add in the cost of the factory, which was constructed on the good faith of the contract.)

[gunsequalfreedom]

Stupid. Owners of the company must always have skin in the game. There is always a risk to a state doing this sort of thing but this ineptitude by the state is of galactic proportions.

[I want the USA back]

Corporate welfare. Taking citizens’ money to bribe companies to stay and hire people, so the politicians can say that they (the politicians) are creating jobs.

[60Gunner]

Somebody was pocketing a helluva lotta money while the NY taxpayer was getting cornholed.

Gee, I wonder who... Cuo-something... big dealer in NY... Damn. I got nuthin'.

[Menehune56]

Link doesn’t seem to work.

[Leep]

Solyndra

[DoughtyOne]

Was Coma involved?

Leftists sure know how to pick em.

The deal should not have provided that much incentive, however if that was something they wanted to do, there should have been a clause that the company would have to cover all expenses if it opted not to move in and follow through.

Trump would call this the Fart of the Deal.

[ronnie raygun]

Hey Cuomo whats the excuse? despicable rat bastard elitists

[Trump.Deplorable]

The goal was not to create jobs, it was to rob the tax payer

Money was passed around (at taxpayer expense) that was the goal, if a job was created or a light bulb ended up getting manufactured, that would have been an side effect, not the actual true goal of the project.

Political donors got great deals to build a building that will be auctioned of for 1/100000 of its “build value”

I remember a local school was building a pole barn to store extra equipment in it, cost something like $300K, 30x50 nothing crazy, funny, when I priced out the same size building for my property it was under 30 grand. Amazes me how government ends up paying 10x what it would cost me.

[ZOOKER]

They got to the party a little late, IMO.

LED is great tech - reliable, efficient, great in harsh environments like extreme cold, underwater, etc. I recommend using LED bulbs wherever you can make them fit.

But overseas companies (mostly Chinese) saw this coming, tooled up and streamlined production. A $10 bulb is now $3, and a company can't match that price building bulbs in NY.

So they walked away, rather than lose their shirts.

[Pontiac]

Wow, and I thought my governor (Kasich) was an idiot.

Ohio had nothing on New York.

Thanks. This article makes me feel lucky. 😉

[crosdaddy]

Chump change compared to the Solar City business in Buffalo. 800 million buckaroos, was supposed to be fully operational by 2016, with 1500 employees. I don’t believe there’s more than 300-400 people employed there right now, 2018.

[Bonemaker]

“Another brilliant business decision by Govt. “

Excellent! The New York punks got punked! Gotta love how a California company pulled a fast one on these sheisters? What company in their right mind would move to NY?

[elpadre]

If Trump had negotiated the deal this would never had happened.

[wastedyears]

I really, really hate this state.

[Jane Long]

O’Cuomo’s watch. Figures.

[FreedomPoster]

Wait!? $90 million for 82,000 SF!?

That’s $1100 a square foot! That’s absurd.

[Myrddin]

We had a similar failing in Pocatello, but not at taxpayers expense. A solar cell manufacturer built a complete factory with the intention of employing 250 people to make products. The factory was nearly complete and the hiring requisitions went out. The company was Hoku. The plant cost $700 million. It all when bankrupt in 2013. A new buyer purchased some of the assets and has been selling them off to try to repay the 104 subcontractors. See link