No, Amazon probably isn't walking away from NYC, and here's why

No, Amazon probably isn't walking away from NYC, and here's why

No, Amazon probably isn't walking away from NYC, and here's why

"We're focused on engaging with our new neighbours - small business owners, educators, and community leaders", it said.

Amazon is reconsidering plans to build their second headquarters in New York City, according to a report on the Washington Post.

Amazon executives have held internal discussion to "reassess the situation in NY and explore alternatives", according to the Post.

The company has not yet acquired land for the project, however, back in November, it had selected the Long Island City neighbourhood of New York City and the National Landing neighbourhood of Arlington, Virginia.

Any major multinational would have multiple reasons to expand in New York City, given its highly skilled workforce and status as a hub for the technology, entertainment and advertising industries-all areas where Amazon is expanding.

The company is considering other options for the NY location, including relocating thousands of jobs to other areas and withdrawing altogether.

The Post noted that Amazon's plan to put part of its second headquarters in Virginia, where it will receive up to $750 million in state subsidies, is not being reconsidered. Amazon's development proposal lays out plans for a 4-8 million-square-foot campus, but it has not yet leased or purchased office space for the project, which is not expected to receive final NY state approval until 2020.

"This whole thing has been bungled since day one by the mayor and the governor and Amazon", he said.

At this point there's no official word from Amazon, but it's important to note that the Post is owned by Jeff Bezos, Amazon's CEO.

A vocal critic, state senator Michael Gianaris, was this week appointed to a state board on which he would have veto power over the project.

FILE PHOTO - The Citibank building, the site of a new workplace for Amazon employees, is seen in Long Island City of the Queens borough of NY, U.S., November 14, 2018.

All of this has Amazon wondering if picking NY was the right thing to do. But as a resident of upstate NY, I couldn't help but be a little grateful that so many new jobs might be coming to boost the economy. The county board of supervisors has expressed strong support for the Amazon headquarters and is planning to pass a local incentive package in March.

The initiative has faced loud opposition from the Long Island City neighbourhood, who say that Amazon's expansion could bring more crowded subway stations, an overburdened sewage system and rent increases that would drive out long-time residents.

"The change in scope - given jobs and investment were ultimately divided among multiple communities - further enhances Miami's opportunity to successfully deliver on the kind of partnership we know Amazon is looking for", he said. Plus, adding 25,000 high-paying jobs to this corner of Queens will only make gentrification worse, activists warn.

"Economic development has been badly broken in NY for some time", Teachout concluded, "but this proposed deal is grotesque in its scope and audacity".

In Virginia, the existing large population of highly-paid tech workers means Amazon will fit right in.

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