Lockport Union-Sun & Journal Online

Editorials

May 8, 2013

Yahoo deal better than no deal

Lockport Union-Sun & Journal — Yahoo’s expansion in the Town of Lockport is secured thanks to a 20-year package of property tax and sales tax breaks that will save the Internet giant a reported $30 million over the life of the abatement.

For Yahoo’s part, the company has promised to invest $170 million in a second phase on its campus in the Town IDA Park, expanding the Yahoo data center, adding a new customer call center, and creating 115 jobs by doing so.

The 320,000 square-foot expansion includes a larger parking lot and a utility substation, leading some to believe that Yahoo has even further plans for Eastern Niagara County. In fact, many IDA board members suggested that the reason they were approving the tax abatement was because they hoped it would lead to more development later.

Some Niagara County taxpayers feel that Yahoo is getting too sweet a deal at their expense.

Margie Swan of Cambria said “a multi-billion dollar corporation doesn’t deserve all these tax breaks.” 

In a sense, we’re inclined to agree with Swan. We’d prefer that everyone paid full rate. After all, most local business owners pay their taxes in full and on time year after year. So why should a new business — and one with a great deal more resources than most Niagara County businesses — get a break?

The answer is simple. Because if we don’t give them the break they’re asking for, they’ll go somewhere else — and we won’t get anything in return.

To ignore the fact that we live in a global economy in which Yahoo could set up shop anywhere is foolish. To pretend that something is not better than nothing would be irresponsible of our representatives on the IDA board.

Negotiation is common practice in the business world. For those that say they want government to be run like a business, this is a perfect example of them doing just that. The Yahoo deal is the best deal they thought they could get. So they took it knowing it was better than nothing.

Text Only
Editorials
Featured Ads
Community Events
Photos


Twitter Updates
Follow us on twitter
Front page
AP Video
Deadly Avalanche Sweeps Slopes of Mount Everest Police Arrest Suspect in Highway Shootings Drought Concerns May Hurt Lake Tourism Vermont Goat Meat Gives Refugees Taste of Home Calif. Investigators Re-construct Fatal Bus Cras Mayor Rob Ford Launches Re-election Campaign Appellate Court Hears Okla. Gay Marriage Case Author Gabriel Garcia Marquez Dead at 87 Beau Biden Plans 2016 Run for Del. Governor Chelsea Clinton Is Pregnant Horseless Carriage Introduced at NY Auto Show Obama Hopeful on Ukraine, Will Watch Russians Flamingo Frenzy Ahead of Zoo Construction Crew Criticized Over Handling of Ferry Disaster Agreement Reached to Calm Ukraine Tensions Raw: Pope Francis Performs Pre-easter Ritual Boston Bombing Survivors One Year Later Sister of Slain MIT Officer Reflects on Bombing
Seasonal Content
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
AP Video
Deadly Avalanche Sweeps Slopes of Mount Everest Police Arrest Suspect in Highway Shootings Drought Concerns May Hurt Lake Tourism Vermont Goat Meat Gives Refugees Taste of Home Calif. Investigators Re-construct Fatal Bus Cras Mayor Rob Ford Launches Re-election Campaign Appellate Court Hears Okla. Gay Marriage Case Author Gabriel Garcia Marquez Dead at 87 Beau Biden Plans 2016 Run for Del. Governor Chelsea Clinton Is Pregnant Horseless Carriage Introduced at NY Auto Show Obama Hopeful on Ukraine, Will Watch Russians Flamingo Frenzy Ahead of Zoo Construction Crew Criticized Over Handling of Ferry Disaster Agreement Reached to Calm Ukraine Tensions Raw: Pope Francis Performs Pre-easter Ritual Boston Bombing Survivors One Year Later Sister of Slain MIT Officer Reflects on Bombing
Seasonal Content
Helium debate
Helium
Section Teases

Seasonal Content
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.