Then there is, of course, the matter of $1.2 billion in state incentives that will be paid out over time. About half of that sum would be in Empire Zone tax incentives, which means the factory will have to meet certain qualifications before getting a break. The other half, however, would be in cash.
The state will also ultimately pay $22.5 million for the construction of the Round Lake Bypass, 1.6 miles of road that will divert traffic coming off of the Northway's Exit 11 around the village. Though a marked increase in traffic is expected to coincide with the construction and opening of the chip fab, Department of Transportation representatives say AMD wasn't the only reason for the project.
"For many years, the Village of Round Lake wanted to lessen the amount of traffic that went through the historic village," said DOT spokesman Peter Van Keuren. "The fact it appears over the next few years that traffic is going to increase in that area makes a bypass even more appropriate."
Van Keuren said the project is now about 65 percent complete, and that work should be finished come next summer. At that point, it will become a state route, and the state will also be responsible for its upkeep.
As of now, the state will not be taking care of the 5.5 miles of interior roads currently under construction at LFTC. Sausville said that the town has been pursuing special improvement district legislation in the state legislature to have the state assume the estimated $300,000 in annual upkeep of those roads, a figure that includes a replacement in 15 years. So far, the efforts have not been successful.
"The best solution is the special improvement district legislation," said Sausville. "We haven't given up on it, but we're disappointed it hasn't passed yet."