Jonathan D. Miller

Gargantuan Amazon has America’s cities groveling while executing one of the biggest PR stunts of all time—setting up a grand contest. The winner gets Amazon’s second headquarters, the prospect for large scale development and an infusion of thousands of jobs, maybe as many as 50,000. In return, the winner probably must fork over some combination of free land, long-term tax breaks, and various other incentives like taxpayer paid infrastructure improvements—well, that’s one way to get government to improve crumbling infrastructure.

Now 238 cities and counties have submitted applications, garnering massive attention for the retailing behemoth and raising hopes across the country for economic redemption or at least a welcome jobs creator. At the same time, lost in the publicity swirl, Amazon is helping put out of business local shopping malls critical to tax base in many of these places, which don’t have a remote chance for landing the company.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.