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The Del Valle ISD school board approved an economic incentives agreement with Tesla, which has proposed to build a $1.1 billion Gigafactory in Southeast Travis County, at a meeting on July 9.
Under the 10-year deal, Tesla will pay property taxes on only 20% of the factory's assessed value—a savings of around $50 million—to the school district. In exchange, the electric carmaker has promised 5,000 new jobs, most of which are middle-skill positions that do not require a college degree, and a fleet of workforce development programs.
Construction could begin as soon as this fall, according to Tesla's application for the incentives agreement.
Tesla is also negotiating a separate economic incentives agreement with Travis County, whose Commissioners Court is scheduled to vote on whether to approve the terms this Tuesday.
A Tesla representative said June 23 that Austin is at the top of its list but that economic incentives are required "to make the economics of a factory work."
Tulsa is also courting Tesla and hopes to be home to its next factory, which will produce its latest model, the Cybertruck pickup, as well as a mid-size SUV called the Model Y.
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Popular
On Barton Springs and S. Lamar, workers dug deep to fix the issue in the road this week. (Laura Figi/Austonia)
As Austin's "icepocalypse" melts into the rearview mirror, though day-to-day life has mostly resumed, the city has a long, arduous recovery process ahead. It seems as though no area was immune to the damage inflicted by the historic winter storm.
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- Photos: Winter storm brings power outages, snow to Austin - austonia ›
- Snow day: power outages, icy roads and school closures - austonia ›
Emojis Grilled Cheese Bar owner Hope Green.
After the devastating blow of the pandemic, Emojis Grilled Cheese Bar owner Hope Green saw a surge in sales last summer. The outpouring of community support for Black-owned businesses came in the wake of the killing of George Floyd and nationwide protests against police brutality and racial injustice. But for Emojis the support has been fleeting.
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- Austin black-owned restaurants see support after protests - austonia ›
Pearl Lantana Apartments is one of many apartment complexes around town without running water due to plumbing issues. (Laura Figi/Austonia)
The last night Stephanie Landgraf, 25, spent in her apartment, off of Rundberg Lane, was on Valentine's Day. First, her power went off, only to return shortly after the complex lost water. Since then, she's been staying with friends. "There's no end in sight," she told Austonia. "At this point, I'm just angry."
- As reservoirs begin to refill, two zones regain water supply - austonia ›
- Austin faces 'multi-day' water crisis after winter weather - austonia ›
- Water distribution plan continues as Austin Water works to restore ... ›