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Google could cost $260 million: Lenoir and Caldwell County tax breaks exceed incentives offered by the state; the full costs hadn't been disclosed.
Byline: Jonathan B. Cox
Feb. 8--The cost of wooing Google to the state's foothills could far exceed initial estimates, with tax breaks and other public incentives potentially reaching $260 million. That is one of the richest packages of recruiting perks ever offered in North Carolina, and one negotiated in strict secrecy. Indeed, new records made public this week give striking detail about government officials' closed-door efforts to get Google to Lenoir. The company last month announced plans to build a data center in the Caldwell County community, creating as many as 210 jobs and investing $600 million. City and county leaders waived 100 percent of Google's business property taxes and 80 percent of its real estate taxes for 30 years to get the operation. But they have not publicly disclosed how much revenue the breaks could cause them to forgo.
The new records give the first indication: $165…
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