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Fri Feb 8, 2019, 01:12 PM

Amazon Reconsidering NY Headquarters Site "Following A Wave Of Opposition"

All of those real estate speculators who snatched up Queens real estate late last year are about to be very unhappy.

In what some might describe as a "dick move", Amazon is reportedly reconsidering its plans to open a sprawling new corporate headquarters in the Long Island City neighborhood of Queens after New York State lawmakers who are opposed to the lucrative package of "performance based incentives" threatened to sabotage the deal, according to a report in the Washington Post.

The report adds to the pressure on Gov. Andrew Cuomo to put a stop to a lawmakers' nomination to a state board that could give him authority to unilaterally kill the incentives package.

Since the final package of state and city incentives isn't expected to be approved until 2020, Amazon executives are reportedly questioning whether it's worth the risk for the company to hope that restive lawmakers don't kill the deal.

Amazon.com is reconsidering its plan to bring 25,000 jobs to a new campus in New York City following a wave of opposition from local politicians, according to two people familiar with the company's thinking.

The company has not leased or purchased office space for the project, making it easy to withdraw its commitment. Unlike in Virginia — where elected leaders quickly passed an incentive package for a separate headquarters facility - final approval from New York state is not expected until 2020.

Tennessee officials have also embraced Amazon’s plans to bring 5,000 jobs to Nashville, which this weekapproved $15.2 million in road, sewer and other improvements related to that project.

Amazon executives have had internal discussions recently to reassess the situation in New York and explore alternatives, said the two people, who spoke on the condition of anonymity to speak candidly about the company’s perspective.

"The question is whether it’s worth it if the politicians in New York don’t want the project, especially with how people in Virginia and Nashville have been so welcoming," said one person familiar with the company’s plans.

https://www.zerohedge.com/news/2019-02-08/amazon-reconsidering-ny-headquarters-site-following-wave-opposition

I've been skeptical of whether the NYC site would go ahead. I've thought that the split was mainly for bargaining purposes, and that the NYC stuff would either be consolidated into a larger VA site or be split to Nashville and maybe Austin. Amazon also has AWS stuff elsewhere in No VA.

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Reply Amazon Reconsidering NY Headquarters Site "Following A Wave Of Opposition" (Original post)
Troll2 Feb 2019 OP
quad489 Feb 2019 #1
Banshee 3 Actual Feb 2019 #4
WhiskeyMakesMeHappy Feb 2019 #5
batcat Feb 2019 #2
WhiskeyMakesMeHappy Feb 2019 #6
Banshee 3 Actual Feb 2019 #3

Response to Troll2 (Original post)

Fri Feb 8, 2019, 01:23 PM

1. ''a "dick move"' is locating a HQ where their, & their employee's, costs are the highest around.....

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Response to quad489 (Reply #1)

Fri Feb 8, 2019, 02:01 PM

4. So there should be no employment in NYC using whats passes for your logic?

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Response to quad489 (Reply #1)

Fri Feb 8, 2019, 02:36 PM

5. YEP

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Response to Troll2 (Original post)

Fri Feb 8, 2019, 01:28 PM

2. Why would anyone set up a corporate headquarters in tax greedy New York State? ...

It makes better sense to be moving your headquarters out of that state.

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Response to batcat (Reply #2)

Fri Feb 8, 2019, 02:39 PM

6. Because somebody that is a decision maker there WANTS to live in NY.

That's why Whataburger headquarters was moved from Corpus Christi to San Antonio a few years ago. People in the family, of the family owned company, wanted to live closer to the family ranch.

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Response to Troll2 (Original post)

Fri Feb 8, 2019, 02:01 PM

3. So its Amazons dick move because LW pols in NY state threatened to sabotage the business?

Only the assholes at Zero Hedge could be this fucking asinine

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