Exactly. I'm not that old, but I've seen this dog and pony show so many times already that it's no longer surprising. The latest example being the Foxconn plant in Wisconsin. The increased tax revenue from that plant may never[1] recoup the investment Wisconsin made to bring it to the state.

[1] https://www.duluthnewstribune.com/business/technology/430953... (The estimated recoup time is 25 years, which means the plant will be obsolete before the state sees a dime of net revenue.)