Loose, loose: Amazon would have won had they come to NYC without any subsidies but also NYC /NY would have won despite paying some subsidies.
But to save face, AMZN now has to pull out of NYC that has a great pool of talent.
Amazon Pulls Out of Planned New York City Campus
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Re: Amazon Pulls Out of Planned New York City Campus
#92Wonder how many people started real-estate speculation who might be hurt from this?
Who cares? If you indulge in speculation and then get hurt by it, well then, you knew the risks going in.
Re: Amazon Pulls Out of Planned New York City Campus
#93NYC Subway is already falling apart. Fix that first! Less corruption, and get rid of de Blasio while we're at it.
Re: Amazon Pulls Out of Planned New York City Campus
#94Of all the places, why did NYC offer Amazon subsidies? NYC actually has too many good jobs for the amount of space... I am also proud of my cantankerous fellow New Yorkers who fought this.
Stupid as the subsidies were your attitude is vile. We have a technology for increasing housing, they’re called apartments. New York does not lack space, it lacks enough housing. If this kind of crap goes on New York will get as bad as California where every municipality wants to build offices and nowhere wants to build housing. This delight in pulling up the ladder after you and making it harder for people to get jo…
New York becoming like California? Isn't the problem that California is becoming like New York???
Re: Amazon Pulls Out of Planned New York City Campus
#95Google didn't need any dog and pony show or significant forms of corporate welfare (that we know of) to announce a doubling of their presence in New York. https://www.washingtonpost.com/technology/2018/12/17/google-...
Doubling their office there still pales in comparison to the headcount projected for LIC. 7K max vs. 25k targeted for Amazon. Amazon already has a presence in NYC.
Worth noting that Google owns all of 111 8th in NYC. They're slowly not renewing leases for existing tenants and taking over the whole building.
https://en.wikipedia.org/wiki/111_Eighth_Avenue
111 8th is a major internet traffic exchange point. It's also gargantuan, it's 2.9 million square feet and occupies a whole city block.
One of the interesting things about 111 8th is that it was designed for much higher than normal pounds per square foot floor loading. Which means that Google could convert the entire thing to datacenter space if they really wanted to. Already a significant portion of it is conditioned datacenter/telecom space run by tenants.
Re: Amazon Pulls Out of Planned New York City Campus
#96Of all the places, why did NYC offer Amazon subsidies? NYC actually has too many good jobs for the amount of space... I am also proud of my cantankerous fellow New Yorkers who fought this.
Stupid as the subsidies were your attitude is vile. We have a technology for increasing housing, they’re called apartments. New York does not lack space, it lacks enough housing. If this kind of crap goes on New York will get as bad as California where every municipality wants to build offices and nowhere wants to build housing. This delight in pulling up the ladder after you and making it harder for people to get jo…
There is not a shortage of Software jobs here. You're also misrepresenting the intent of his comment.
Re: Amazon Pulls Out of Planned New York City Campus
#97>> We do not intend to re-open the HQ2 search at this time . We will proceed as planned in Northern Virginia and Nashville Weird.
I'm not sure it is. There was always a suspicion that Amazon knew from day one they wanted to open a HQ in NYC—they just put on this show to get cities into a bidding war to provide the biggest tax break. I don't imagine the publicity around having NYC tax-payers subsidize the world's richest man's business dealings is positive.
Amazon also got a lot of free, confidential data on growth prospects from midsize to large cities all across the US, which would be useful for planning other facilities like warehouses and retail outlets like Whole Foods.
Re: Amazon Pulls Out of Planned New York City Campus
#98I think this is fantastic for both as they don't deserve each other. Residents don't want a company getting breaks and Amazon wants breaks. Amazon has plenty of other places where the residents value them more and NYC has plenty of other companies to fill the coffers/employment.
Most polls had residents supportive of the move even with subsidies.
https://nypost.com/2019/02/12/majority-of-new-yorkers-want-a...
Re: Amazon Pulls Out of Planned New York City Campus
#99If Amazon hadn't turned this whole "HQ2" thing into a national drama they could have built a huge presence there without riling up so much backlash. Hopefully this ridiculous stunt is a lesson to them.
Unfortunately, I think they learned that cities will bend over backwards for them and offer up tons of free data and tax incentives.
not the cities they want to move to though...
Pretty widely speculated that they were going to go to NYC and VA regardless of what the other cities did & the HQ2 gambit was just meant to maximize their bargaining position with these governments
Re: Amazon Pulls Out of Planned New York City Campus
#100The big tech giants seem to be A/B testing different ways of opposing and working with the government. Sooner or later these tests are going to start showing they have more power than the government, and they will start ignoring laws because they are irrelevant to increasing whatever metric is important this quarter. This may have already happened, it's really hard to say.
My current pet idea is that the Electoral College ought to be replaced with the CEOs of the Fortune 500 companies. That way we could do away with the facade that presidential elections currently create.
Curious fact: in the City of London, companies vote in the election of the local council, with a number of votes which depends on the number of employees within the City.