"Syrett said she’s not convinced of Broadcom’s need for the extra two years of exemptions..."

Nope, Broadcom doesn't need the exemptions. It also doesn't need to invest $421 million to buy and update a plant in notoriously anti-business Eugene, in a state with IP 28 looming and a long history of fighting even clean industry at every turn, at a time when chip production in the US is already a difficult sell.

Broadcom is committing to about $27 million in local payroll for the plant during those two years. Although the city itself won't collect enough tax on that payroll to offset the lost $3 million, the net benefit to the community is well worth the investment.