“After much thought and deliberation, we’ve decided not to move forward with our plans to build a headquarters for Amazon in Long Island City, Queens.”
– Amazon spokeswoman Jodi Seth.
The decision follows weeks of protests against money promised to Amazon to finish the deal for Queens.
Almost $3 billion in state and city tax incentives were offered. In return 25,000 jobs were to be created, with an expected tax revenue of nearly $27.5 billion over 25 years.
Local union leaders were also critical of the deal, accusing the company of anti-union behavior. Geek out on more here.
In a decisive blow, a New York state Senate leader from Queens and outspoken critic of the plan was nominated to the state board that would have one-vote veto power over the development plan.
“A number of state and local politicians have made it clear that they oppose our presence and will not work with us to build the type of relationships that are required to go forward with the project we and many others envisioned in Long Island City,” Amazon said in a statement.
What went wrong? Geek out on a simple, step-by-step of the deal-gone-sour.
And, when the largest company in the world wants to set up its headquarters in your city the opportunities and consequences need to be weighed. WordStirs takes a look at the debate here.