Last week, Amazon abruptly canceled its decision to invest about $2.5 billion and bring 25,000 high-paying jobs to Queens. A scholar blames their abrupt decision on an arcane state bureaucracy tasked with preventing Robert Moses-like takings.
New York City and State offered up nearly $3 billion in incentives to lure Amazon and its 25,000 high-paying jobs to Queens only to see the tech company cancel their plans after local opposition materialized. Was their retreat too hasty?
A Regional Plan Association white paper makes that case that New York City and Amazon have mutually beneficial goals with the decision to located the tech company's second headquarters in Long Island City.
Concerns about the Opportunity Zone program created by the GOP tax bill passed in the waning hours of 2017—that it would enable gentrification and displacement for the profit of wealthy investors—won't be assuaged by this news.
After the news broke that Amazon was reportedly going to split its HQ2 plans between New York City and Washington, D.C., some cities are left console themselves. A Planetizen opinion piece picks up the pieces.
According to leaked information, Northern Virginia, Dallas, and New York City were in the lead in the competition to land the location of the second Amazon headquarters. Now sources report the company will split the HQ2 footprint between two cities.