The next item up for bid: an enormous tech something

Quote that caught our eye in Adam Sichko's latest article about the Project Azalea, the huge tech (something) project over which New York and Oregon (apparently) are competing, from an analyst: "It really comes down to how much money each state is willing to put down to make it happen. It's like an auction, for better or worse." (The state gave the GloFo Malta fab project incentives worth between $1 billion and $2 billion.) [Biz Review] [TU 2011]

Comments

Before we plunk down a billion or two for a bouquet of Azaleas, I wonder if there are any non-politicized studies of the 'return on investment' for NYS' massive incentives for Global Foundries?

Say Something!

We'd really like you to take part in the conversation here at All Over Albany. But we do have a few rules here. Don't worry, they're easy. The first: be kind. The second: treat everyone else with the same respect you'd like to see in return. Cool? Great, post away. Comments are moderated so it might take a little while for your comment to show up. Thanks for being patient.

The Scoop

Ever wish you had a smart, savvy friend with the inside line on what's happening around the Capital Region? You know, the kind of stuff that makes your life just a little bit better? Yeah, we do, too. That's why we created All Over Albany. Find out more.

Recently on All Over Albany

A look at the latest plan for the 1 Monument Square project in Troy

The latest iteration of the third major attempt to redevelopment the 1 Monument Square site is down to a one building. The development team aiming... (more)

Capital Cobblestone Project

A local author/historian is researching the backstory on the names of Albany's streets. All of them. Erik Schlimmer, who's also a UAlbany grad student, has... (more)

What's up in the Neighborhood

Among the topics in this most recent spin around the Capital Region's online neighborhood: patriotism, the media, art, crypto currency, a relay, Buck Mountain, the... (more)

Soggy June

This year's weather had been tracking along a path toward one of the driest years on record for the Albany area. Then June happened. The... (more)

Morning Blend

Dannemora suspensions Twelve employees were suspended from the Clinton County Correctional facility, including Superintendent Steven Racette, two deputy superintendents and nine corrections officers.[TU] More breakout... (more)

Recent Comments

But where else would it go? We need a roadway connecting those areas somewhere or else downtown businesses are doomed. Whats' the alternative, demolishing downtown to put a highway there? I don't think so. 787 is here to stay. I think we need to look at lower hanging fruit solutions and make the best of what we have. ...

A look at the latest plan for the 1 Monument Square project in Troy

...has 3 comments, most recently from greg k

Who lived in the neighborhood knocked down for the Empire State Plaza?

...has 4 comments, most recently from Rebecca

The Botanic Studio

...has 2 comments, most recently from Nicole

Capital Cobblestone Project

...has 1 comment, most recently from chrisck

Solarize Albany

...has 3 comments, most recently from Colleen