Search
 
Commentary

Easy Come, Easy Go – Adios Amazon

It is amazing to me that after such a long public process, and a big win, NYC may end up with nada, other than recognition of a city that can’t get out of it’s own way to promote growth.

By Anthony J. LoPinto | February 12, 2019 at 01:27 PM
Anthony LoPinto

After well over a year of evaluating 200 bids for Amazon’s new headquarters, and after much intrigue and hoopla the company zeroed-in on a split headquarters between Crystal City in Washington DC, and Queens New York. Champagne corks flew in New York as Amazon projected to bring 25,000 jobs and $2.5 billion in investment to the city.

However the party may be over as Amazon announced last week that it is “re-evaluating” its NYC campus as local officials rallied against courting the company with generous tax incentives. This has pitted local politicos against the Mayor and Governor who insist that that Amazon is welcome and the incentives are well worth it with the economic growth that will follow.

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.

Recommended Stories

Making the Numbers Work for BTR

Making the Numbers Work for BTR

Andy Warnock |

With single-family rents increasing and home deliveries at pre-pandemic levels, developers are in prime position.

Nominate a Net Lease Expert

Nominate a Net Lease Expert

Ingrid Tunberg |

Do you know a professional and/or company that has helped shape the net lease sector? Submit a candidate for GlobeSt.'s Influencers in Net Lease recognition before May 29!

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.