Amazon opts out of building New York City headquarters

[Lexy]

[quote]Amazon announced Thursday that it is backing out of plans to open a new headquarters in New York City, blaming local politicians who "had opposed our presence and will not work with us."

The retail giant announced in December it would build a campus in the Long Island City neighborhood of Queens for 25,000 employees, fueled by $3 billion in state and city incentives to Amazon.



https://www.nbcnews.com/tech/tech-news/ ... rs-n971636

[TheQueenOfEverything]

i’m glad to hear that. Amazon is a trillion dollar company, there is no reason tax dollars should be funding an expansion they can more than afford to pay for themselves.

[Billie.jeens]

There are other places where the politicians are not idiots.

Kiind of funny though progressive hero Bezo, dissed by progressives.

[highlandmum]

Did anyone do the math on how much money the economy in the area will lose because of this. Lets see they are building therefore need to hire - contractors, plumbers, electricians, building permit fees, engineering, material. Okay now we will move on to when it is build - 25,000 employees with we will say (for argument sake) making $40,000 a year for a total payroll of - $1,000,000,000 annually. Some of them will eat out and will as a result put money into the economy in the immediate area lets say in a given week 1,000 of them eat out a a local restaurant with a bill of $12 (again for argument sake) - that is now $624,000 for these local restaurants annually. The economy of the area will see this 3 billion dollars back in revenue and taxes in short time.

[Deleted User 670]

i’m glad to hear that. Amazon is a trillion dollar company, there is no reason tax dollars should be funding an expansion they can more than afford to pay for themselves.

Exactly. The gravy train for the 1%ers and corporations at the expense of taxpayers needs to stop.

[Deleted User 670]

Did anyone do the math on how much money the economy in the area will lose because of this. Lets see they are building therefore need to hire - contractors, plumbers, electricians, building permit fees, engineering, material. Okay now we will move on to when it is build - 25,000 employees with we will say (for argument sake) making $40,000 a year for a total payroll of - $1,000,000,000 annually. Some of them will eat out and will as a result put money into the economy in the immediate area lets say in a given week 1,000 of them eat out a a local restaurant with a bill of $12 (again for argument sake) - that is now $624,000 for these local restaurants annually. The economy of the area will see this 3 billion dollars back in revenue and taxes in short time.

You forgot to factor in the cost of commuting increasing because of congestion and the rise in housing costs to accommodate the new influx of residents. NYC made the right decision.

[highlandmum]

Did anyone do the math on how much money the economy in the area will lose because of this. Lets see they are building therefore need to hire - contractors, plumbers, electricians, building permit fees, engineering, material. Okay now we will move on to when it is build - 25,000 employees with we will say (for argument sake) making $40,000 a year for a total payroll of - $1,000,000,000 annually. Some of them will eat out and will as a result put money into the economy in the immediate area lets say in a given week 1,000 of them eat out a a local restaurant with a bill of $12 (again for argument sake) - that is now $624,000 for these local restaurants annually. The economy of the area will see this 3 billion dollars back in revenue and taxes in short time.

You forgot to factor in the cost of commuting increasing because of congestion and the rise in housing costs to accommodate the new influx of residents. NYC made the right decision.

Honestly I think it was a bad decision and another community will reap the benefits of this. I only listed a short list of items, there are plenty more.
Plus now you have to look at other large conglomerates and the impact it will have on their decision to move to this area. Business are going to be looking at the area as a hostile territory as a result of the protests and backlash Amazon faced trying to move a headquarters there. Think about it what company wants to move to a area that drove another company away? Is Google going to face the same fate with them wanting to open a campus in New York?

[Deleted User 670]

Did anyone do the math on how much money the economy in the area will lose because of this. Lets see they are building therefore need to hire - contractors, plumbers, electricians, building permit fees, engineering, material. Okay now we will move on to when it is build - 25,000 employees with we will say (for argument sake) making $40,000 a year for a total payroll of - $1,000,000,000 annually. Some of them will eat out and will as a result put money into the economy in the immediate area lets say in a given week 1,000 of them eat out a a local restaurant with a bill of $12 (again for argument sake) - that is now $624,000 for these local restaurants annually. The economy of the area will see this 3 billion dollars back in revenue and taxes in short time.

You forgot to factor in the cost of commuting increasing because of congestion and the rise in housing costs to accommodate the new influx of residents. NYC made the right decision.

Honestly I think it was a bad decision and another community will reap the benefits of this. I only listed a short list of items, there are plenty more.
Plus now you have to look at other large conglomerates and the impact it will have on their decision to move to this area. Business are going to be looking at the area as a hostile territory as a result of the protests and backlash Amazon faced trying to move a headquarters there. Think about it what company wants to move to a area that drove another company away? Is Google going to face the same fate with them wanting to open a campus in New York?

I don't. We need to stop catering to the entitlement of billionaires. They don't need tax breaks period.

[Lemons]

Did anyone do the math on how much money the economy in the area will lose because of this. Lets see they are building therefore need to hire - contractors, plumbers, electricians, building permit fees, engineering, material. Okay now we will move on to when it is build - 25,000 employees with we will say (for argument sake) making $40,000 a year for a total payroll of - $1,000,000,000 annually. Some of them will eat out and will as a result put money into the economy in the immediate area lets say in a given week 1,000 of them eat out a a local restaurant with a bill of $12 (again for argument sake) - that is now $624,000 for these local restaurants annually. The economy of the area will see this 3 billion dollars back in revenue and taxes in short time.

You forgot to factor in the cost of commuting increasing because of congestion and the rise in housing costs to accommodate the new influx of residents. NYC made the right decision.

Honestly I think it was a bad decision and another community will reap the benefits of this. I only listed a short list of items, there are plenty more.
Plus now you have to look at other large conglomerates and the impact it will have on their decision to move to this area. Business are going to be looking at the area as a hostile territory as a result of the protests and backlash Amazon faced trying to move a headquarters there. Think about it what company wants to move to a area that drove another company away? Is Google going to face the same fate with them wanting to open a campus in New York?

They wanted a $3 billion dollar handout, the Queens waterline redesigned, nonprofit companies relocated, a helicopter pad for what’s his name. Basically change an hour jobs. Residents don’t want it and Long Island city and Astoria are booming without them. The whole area is being revitalized and is looking great.

[Carpy]

Do people actually think NY was going to write Bezos a check?