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Council backs EDC package and bonds for eSpace East Base, citing thousands of jobs and $115M EDC support
Summary
Arlington approved a suite of EDC and city actions to support eSpace’s East Base manufacturing and hangar campus, including an EDC commitment up to $115 million, construction packages and a $1.2 million utility contribution; the developer must meet hiring and capital-raise conditions.
The Arlington City Council approved a series of actions to advance East Base, a manufacturing and headquarters campus for satellite manufacturer eSpace, including an economic-development package, initial construction contracts and a city/EDC funding commitment.
Lindsay Mitchell outlined the package: the Arlington Economic Development Corporation will provide no more than $115 million to defined project costs; East Base must…
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