https://www.kbtx.com/2024/07/10/bryan-approves-tax-abatement-mysterious-billion-dollar-manufacturing-project/

Manufacturing Co (not nuclear facility previously discussed)

$5 Billion in buildings
$5 Billion in machinery/equipment
Minimum

Starting with 25 jobs going to 1800 by year 10.

Speculation is semiconductor production

Given tax abatement deal, starting at $125k year 1, up to $31.2 million years 7-10.

AggieKatie2 said:

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https://www.kbtx.com/2024/07/10/bryan-approves-tax-abatement-mysterious-billion-dollar-manufacturing-project/

Manufacturing Co (not nuclear facility previously discussed)

$5 Billion in buildings
$5 Billion in machinery/equipment
Minimum

Starting with 25 jobs going to 1800 by year 10.

Speculation is semiconductor production

---

That new Bucee's is going to be SICK!

What would be the point of locating a semiconductor fab on a college campus? I could see if it was a research facility, but not with 1800 workers. And most of those jobs would be non-degreed positions.

I suspect this is something coming out of the CHIPS act.

torrid said:

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What would be the point of locating a semiconductor fab on a college campus? I could see if it was a research facility, but not with 1800 workers. And most of those jobs would be non-degreed positions.

I suspect this is something coming out of the CHIPS act.

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RELLIS has a lot of very flat, open land. That probably has about as much to do with it as anything.

High probability this becomes something of a private-public boondoggle at tax payer expense.

can someone explain like I'm five, why do you need property tax abatements on land owned by the state (RELLIS)? Isn't it already exempt from property taxes?

TexasAggie_02 said:

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can someone explain like I'm five, why do you need property tax abatements on land owned by the state (RELLIS)? Isn't it already exempt from property taxes?

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See the post above yours.

The state owned land is exempt from property taxes. Because the building will be built and owned by a private entity, the property taxes on the building and related equipment would not be exempt from property taxes.

I agree with the semiconductor manufacturing.

It is in a good position inside of the Texas Triangle.

Texas leading the way in private space development.

Texas supporting Block Chain (Data Centers to the IRS) development.

Tesla relocating HQ.

Seems logical.

great, more commies.

Lone Stranger said:

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The state owned land is exempt from property taxes. Because the building will be built and owned by a private entity, the property taxes on the building and related equipment would not be exempt from property taxes.

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And to add ... a 288 acre land valuaton for this development would almost be a rounding error on a $10B improvement.

Lone Stranger said:

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The state owned land is exempt from property taxes. Because the building will be built and owned by a private entity, the property taxes on the building and related equipment would not be exempt from property taxes.

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In addition public entities often pay PILOT (payments in lieu of taxes) to entities that are forgoing tax revenue because of their presence.

This could be some form of abatement on PILOT payments.

From the article:

Quote:

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the Brazos Central Appraisal District's 2024 estimate of net taxable value for the City is $9.9 billion.

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Lone Stranger said:

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The state owned land is exempt from property taxes. Because the building will be built and owned by a private entity, the property taxes on the building and related equipment would not be exempt from property taxes.

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Thanks!

Also, I just saw this, but TAMU just started a semiconductor research institute

https://news.tamus.edu/dr-e-steve-putna-to-begin-as-inaugural-director-of-the-semiconductor-institute-at-texas-am-university-system/

There already is army futures command out there, as well as autonomous vehicles. My bet this is an AI research fab for autonomous weapons.

one MEEN Ag said:

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My bet this is an AI research fab for autonomous weapons.

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"Beware of the military industrial complex"........Dwight Eisenhower farewell address.

Filing records reveal tech company behind major $10 billion RELLIS Campus investment

https://www.kbtx.com/2024/07/11/filing-records-reveal-tech-company-behind-major-10-billion-rellis-campus-investment/

Tech is pretty large category
And I didn't think it was a
@buggy whip manufacturer"

Sq 17 said:

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Tech is pretty large category
And I didn't think it was a
@buggy whip manufacturer"

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"This project, operating under the name America's Foundry Bryan, LLC/ Project Factory One is said to be the first of its kind in the United States, focusing on cutting-edge semiconductor manufacturing and is expected to bring significant economic benefits to the Brazos Valley."

Phatbob said:

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AggieKatie2 said:

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https://www.kbtx.com/2024/07/10/bryan-approves-tax-abatement-mysterious-billion-dollar-manufacturing-project/

Manufacturing Co (not nuclear facility previously discussed)

$5 Billion in buildings
$5 Billion in machinery/equipment
Minimum

Starting with 25 jobs going to 1800 by year 10.

Speculation is semiconductor production

---

That new Bucee's is going to be SICK!

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FULLY AUTOMATED BUC-EE'S?!?!

Tailgate88 said:

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Filing records reveal tech company behind major $10 billion RELLIS Campus investment KBTX Link

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Underwhelmed - unless Proud is mostly "brokering" a large foreign semiconductor company? Austin Business Journal: Secretive San Francisco company eyes multibillion-dollar semiconductor project in Bryan

benchmark said:

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Tailgate88 said:

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Filing records reveal tech company behind major $10 billion RELLIS Campus investment KBTX Link

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Underwhelmed - unless Proud is mostly "brokering" a large foreign semiconductor company? Austin Business Journal: Secretive San Francisco company eyes multibillion-dollar semiconductor project in Bryan

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It would be one thing if an existing company or a group with semiconductor experience (which this guy doesn't have) wanted to build a fab to onshore existing work that is going to TSMC and elsewhere. This is a start-up with big plans.

It just screams boondoggle.

edit - Here's our White Knight, though he's a little older now. Elon Rittenhouse?

https://www.wired.com/2015/02/23-year-old-taking-nike-apple-crowdfunded-sleep-tracker/

I couldn't agree with you more.

Tailgate88 said:

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Filing records reveal tech company behind major $10 billion RELLIS Campus investment

https://www.kbtx.com/2024/07/11/filing-records-reveal-tech-company-behind-major-10-billion-rellis-campus-investment/

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Key quote in that article "if this winds up happening"

10 billion is a lot and also not a lot for a fab. The biggest and best company out there making the heart of a fab tech is ASML. Their latest machine costs $380 million and I assume its easily 10x that cost to build out the rest of a small fab around it. But researchers don't run fabs. And fabs run 24/7 to keep the lights on. This thing is gonna be expensive to just run graduate research projects.

The only way this isn't a boondoggle is if its a strategic investment in AI research that the military just does not want even American or Taiwanese industry touching.

My question is then, why isn't this attached to a national lab? A&M has the same problems with potential leaks that industry does. No real security clearance, air gapping or remoteness. Los Alamos doesn't have a problem with chinese spies hitting up the engineers at the bars because A) there isn't a big bar scene in Los Alamos, and chinese spies stick out like a sore thumb there. But bigger cities do have this problem and washington DC is bad. Its practically a meme about wearing a lockheed martin badge to a bar in DC and getting chinese women's attention. Universities are easy for international graduate students to exist and be flipped for information.

Seems like there needs to be a lot of vetting before anyone is going to be allowed to touch. I do know the Army futures command absolutely blasted A&M for their 'hiring practices' when they came.

In the scant public material that has been released, has there been anything to suggest association military, national security or classified technology?

In general, I think there is a national security risk having so much IC fab overseas, even for commercial applications. I think moving more of it back onshore would be a good thing. However, I'm highly doubtful this project will make any dent in that.

The journey of a 1000 miles starts with a single step

I'd be down to get a job there