How Panasonic learned to love Newark
Not the most ambitious aesthetic design, but Panasonic’s new downtown building boasts LEED environmental certification and shifting employee commutes from cars to public transit. A welcome presence.
There was also criticism that the state was paying too much to keep Panasonic from leaving, which Taylor says isn’t true when you consider the benefits. “Even after the $102.4 million tax break, the state would net a total of $223 million,” he says.
“Just moving 1000 people into the city overnight could create delicatessens, dry cleaners and a whole infrastructure that would convince other companies to take a chance on this place as well.”
(At the very least, I bet Don Pepe’s is happy.)