Tesla’s Buffalo Plant gets $884 M Write Down
Image courtesy of the Buffalo News
UJP has regularly raised questions about the wisdom of New York Economic Development officials trying to pick winners and losers in funding major projects. One such project has been the marquee Buffalo Billion project of Tesla.
Just this week, new questions have arisen about the project, including a major write down of $884 Million!
“Now, auditors are saying the building and all that equipment is worth just under $75 million – or just 8% of what the state put into the RiverBend factory.”
Read more from the Buffalo News here.
Share This Story, Choose Your Platform!
For more than 15 years, Timothy Dunn has advised political, business, entrepreneurial, academic and nonprofit leaders on strategic decision-making, branding, and communications. He currently serves as an advisor and consultant on communications, marketing and business strategy to clients in the technology, healthcare, hospitality, real estate, and non profit sectors through his firm Dunn Strategy Group, LLC. Learn more at UpstateJobs.org/leadership
Leave A Comment