Amazon to move it’s second headquarters to Queens.[update 2/14 : Amazon cancels its plans.
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I'd put money its because they just passed that executive order for opportunity zones last month. Dont need to build it there when you can get a tax break in any city you want now.
Amazing will abandon plans to build second headquarters in New York
(Reuters) - Amazon.com Inc (NASDAQ:AMZN) said Thursday it will not move forward with plans to build a headquarters in New York after rising opposition from local politicians.
The company said it will not reopen the search process "at this time. We will proceed as planned in Northern Virginia and Nashville, and we will continue to hire and grow across our 17 corporate offices and tech hubs in the U.S. and Canada."
The company had begun considering alternatives last week. The online retailer has not yet acquired any land for the project, which would make it easy to scrap its plans, a person briefed on the matter told Reuters on Friday.
Amazon had announced it would create 25,000 jobs and build one of two new headquarters based in the Long Island City neighborhood in the borough of Queens, just across the East River from Manhattan.
The proposal ran into opposition from local politicians who opposed the $2.8-billion in incentives promised to Amazon in a deal secretly negotiated by New York Governor Andrew Cuomo and New York City Mayor Bill de Blasio.
The company said "for Amazon, the commitment to build a new headquarters requires positive, collaborative relationships with state and local elected officials who will be supportive over the long-term."
(Reuters) - Amazon.com Inc (NASDAQ:AMZN) said Thursday it will not move forward with plans to build a headquarters in New York after rising opposition from local politicians.
The company said it will not reopen the search process "at this time. We will proceed as planned in Northern Virginia and Nashville, and we will continue to hire and grow across our 17 corporate offices and tech hubs in the U.S. and Canada."
The company had begun considering alternatives last week. The online retailer has not yet acquired any land for the project, which would make it easy to scrap its plans, a person briefed on the matter told Reuters on Friday.
Amazon had announced it would create 25,000 jobs and build one of two new headquarters based in the Long Island City neighborhood in the borough of Queens, just across the East River from Manhattan.
The proposal ran into opposition from local politicians who opposed the $2.8-billion in incentives promised to Amazon in a deal secretly negotiated by New York Governor Andrew Cuomo and New York City Mayor Bill de Blasio.
The company said "for Amazon, the commitment to build a new headquarters requires positive, collaborative relationships with state and local elected officials who will be supportive over the long-term."
Rell Lauren
Banned
Again, if Cuomo and De Blasio had been transparent with their talks with Amazon, this doesn't get torpedoed. If Bezos pledges money to help the MTA, he would have been welcomed with open arms.
tremonthustler1
aka bx_representer
Queens with a rare W.
Now use that energy to bring back 5 Pointz
Now use that energy to bring back 5 Pointz
Y’all in the same city
just commute to where the jobs are
Doctor Wily
CapcomSwag
Actually6Foot3
Veteran
Likely Amazon will still have an office here. It just may not be called "HQ2" or be a campus fit for 25,000 NYC is the second biggest tech hub in the country.
That said Amazon should not have been getting all these damn subsidies. I'm tired of.billiomaires getting tax breaks and corporations getting subsidies and paying no taxes all the while the media and politicians whine about not having enough money for healthcare and education.
Tax cuts for the rich (check)
Unlimited money for war (check)
Anything that strongly benefits middle and working class (*Concieted meme*)
That said Amazon should not have been getting all these damn subsidies. I'm tired of.billiomaires getting tax breaks and corporations getting subsidies and paying no taxes all the while the media and politicians whine about not having enough money for healthcare and education.
Tax cuts for the rich (check)
Unlimited money for war (check)
Anything that strongly benefits middle and working class (*Concieted meme*)
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SadimirPutin
Superstar
those real estate speculators gonna be heated
I travel to Nashville often. The city is already overcrowded and housing prices are inflating significantly. This is the LAST THING the city needs. Go to fukking Virginia.
Doctor Wily
CapcomSwag
Meres one and his wife got paid off settlements especially when she got hurt years ago because of that building.
I LOVE that place but everybody been relocated to the bronx for art purposes.
Not true at all. The only reason LIC went through Genetrification is because the LaGuardia community college bought in more residents and Jet blue airlines moved its housing units to LIC. That has nothing to do with trends. LaGuardia community college has been getting multi million dollar subsidies to expand.
Our economy in Queens have been completely dependent on two government airlines ( JFK and LaGuardia) to provide most of our jobs. It would’ve been nice to have another sector to help us out.
My co-worker from Murfreesboro is pissed they sold their house already.
Nashville is going to be a mess, their auto infrastructure
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The Democrats that opposes this needs to fall back.
AOC needs to be ousted.
AOC needs to be ousted.
AOC will get primaried because of this
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