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Texas  + Industrial  | 

Public Opinion Split on Tax Breaks for $1B Tesla Factory in Austin

Tesla’s proposal to build a $1-billion, five-million-square-foot factory in Austin has meant plans to offer more than $60 million in local tax breaks to the California-based electric vehicle maker. Depending on who you ask, the incentives represent either a shrewd investment that will be a game changer for the region’s economy or a misguided giveaway, the Austin American-Statesman reported.

Those were the dueling narratives in two public hearings, both held remotely: one by the Travis County Commissioners Court last Tuesday, and the other by the Del Valle school board Thursday.

Neither jurisdiction has voted on incentive packages. The item is on the Commissioners Court agenda for this Tuesday, but commissioners may not take a vote, the Statesman reported.

“It will depend if Tesla and the county staff have come to an agreement on their negotiations and if the court wants to take action,” county spokesman Hector Nieto said Friday.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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