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Amazon HQ2 may not happen in NY after all, report says

10 February 2019

Executives have had internal discussions about whether to proceed with the NY plan or explore alternatives, the Washington Post reported, citing two sources familiar with the company's thinking.

Amazon is reconsidering plans for a new headquarters in NY amid a torrent of public opposition.

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.

"The question is whether it's worth it if the politicians in NY don't want the project, especially with how people in Virginia and Nashville have been so welcoming", one source told the publication.

Congresswoman Alexandria Ocasio-Cortez commented on the report via Twitter and said, "Can everyday people come together and effectively organize against creeping overreach of one of the world's biggest corporations?"

According to the Post story: "Amazon executives have had internal discussions recently to reassess the situation in NY and explore alternatives, said the two people, who spoke on the condition of anonymity to speak candidly about the company's perspective". Amazon was down 2.3 percent at $1,576.98 just before noon in NY.

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

Late previous year, newly elected Congresswoman Alexandria Ocasio-Cortez railed against the company for getting tax breaks at a time when she bemoaned of crumbling infrastructure.

Harry and Meghan greet well-wishers in the snow during Bristol visit
It is the theatre that first announced this morning they are still expecting the Duke and Duchess to visit despite the heavy snow. The charity specialises in helping women to break free from street sex work, addiction and other life-controlling issues.

More broadly, the Amazon farce has shone a spotlight on the sordid process of economic development deals, which cost cities and states up to $90 billion annually while local services suffer from a lack of funds.

Alphabet Inc's Google said in December it would invest more than $1 billion on a new campus in NY, becoming the second major technology company to pick America's financial capital to expand and create thousands of jobs.

For those involved in luring the company to NY, last year's designation of a relatively prosperous strip of Long Island City as an opportunity zone had become a headache. "I don't think anyone should assume that this is a fait accompli, and that this is a done deal", Johnson told Business Insider.

"If somebody says to any New Yorker, 'I'll give you $30 billion if you'll give me $3 billion back, ' the answer is 'yes, of course, '" Gov. Cuomo recently said of the deal.

He confirmed that he has not engaged in conversations revisiting Amazon bringing any part of HQ2 to South Florida since Amazon's final announcement was made.

Contrast the opposition in NY with the welcome in Virginia, and you can see why Amazon executives are reconsidering their choice.

In November, Amazon announced plans for a new campus in Long Island City, Queens where it would employ 25,000 people in one of two major new offices planned after a national competition, the other going to Arlington, Virginia. On Monday, New York State Senate Majority Leader Andrea Stewart-Cousins chose Senator Michael Gianaris, a Democrat who represents Long Island City, and one of the biggest critics of the Amazon deal, as one of three members of the board. The Seattle-based company also said that it expects to generate "incremental tax revenue of more than $10 billion over the next 20 years as a result of Amazon's investment and job creation".

While Virginia officials have already approved Amazon's subsidy package, things have not gone as smoothly in NY.

Amazon HQ2 may not happen in NY after all, report says