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Friday, 09/12/2014 10:12:16 PM

Friday, September 12, 2014 10:12:16 PM

Post# of 17379
So I've been looking at this and the deal for the land/locate in San Luis strikes me as odd. I'll concede I don't know land values out there but $46k per acre for desert -- totaling $30M -- just seems a bit pricey (anybody know what the payment terms are; if it's been published, I've missed it). And then there's the extension fee -- $250K/per each 6 mo. extension that does not get applied to the purchase price. And then no tax breaks for a project that's supposed to employ thousands during construction and hundreds after and will purportedly be an economic driver in an area with huge unemployment. Isn't it pretty much par for the course to seek tax incentives when you're talking a $1.5B project -- see Tesla/Nevada. I get that SWET's getting water, but it's still got to pay for it so other than the guarantee (for whatever that's worth) it's not getting any "deal" there either. What am I missing/what about this deal is good for the company/shareholders?

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