If the government wants to encourage economic growth, then how about just removing or seriously reducing taxes on ALL businesses as opposed to handing out cash packages to individual businesses in particular industries.
The more follow-the-moneyish question is what particular land owners benefit in this particular circumstance. And others before it in that particular location. Our local "economic development" efforts, with few exceptions, are a blatant display of political favoritism facilitating far-westside water service and road construction. On the taxpayer's dime. Beneficiaries are the speculative real estate investors we call developers, including SunCal and SunCal devotees, who land-flip and hope for future sprawl.
::steps down off old soapbox:: Not sure whether Mario agrees with that part.