A multibillion dollar “AI factory” currently being built along Lakeshore Parkway will receive 30 years’ worth of tax abatements totaling $3.2 billion, according to public documents.
At the same time, the project will pump $2.5 billion of tax revenue into city, county and state coffers.
The 16-page abatement agreement also has “claw back” provisions that would revoke the abatements if the project fails to reach targets in revenue and employment…