Why does Oracle in Nashville get to shift $175M in taxes to taxpayers?

Apr 30, 2021 at 09:41 am by robmtchl

A wise man said "if it sounds too good to be true, it probably is." Well, lots of praise about Oracle spending their own money to build at no cost to taxpayers. Heck, if someone wanted to spend $1.2 billion dollars in my neighborhood out of the goodness of their hearts I would sure be in favor.

But, has anyone thought to ask why Metro council had to approve it? Here is a hint, aside from metro codes, why would their need to be a vote if it wasn't costing taxpayers money? The answer? They don't!

It's a shame these days that it is so difficult for the truth to be spoken in plain English. It's a shame that citizens tax dollars are spent, and then they are told "pay no attention to that man behind the curtain" like they were Dorothy in the "Wizard of Oz".

Under the agreement Oracle will pay for $175 million in infrastructure work and other necessary environmental remediation. The company will then be reimbursed for half of its annual property tax payments until it recoups $175 million, or the actual costs of the infrastructure, whichever is lower. 

Now this does not include state incentives that are usually given. Where are Nashville's investigative reporters? Why is no one talking to the public officials who know how these programs function? 

Sections: Opinion Business News


or Register to post a comment