A behind the scenes look at the South Florida Real-Estate market. Where are we in this market cycle? Where are we going? What are the professionals saying behind closed doors?
Thursday, February 14, 2019
Amazon Scraps Plans for New York City
Amazon Scraps Plans for New York City Headquarters Hub, Citing Political Opposition
Online Giant Says It Will Stick With Developments in Arlington, Virginia, and Nashville, Tennessee
Amazon said it is scrapping its plans to add a headquarters hub in New York City's Long Island City neighborhood after local politicians criticized tax incentives and other parts of the deal that led the online retailer to choose the location over more than 230 other cities last year in a highly publicized search process.
The Seattle-based company said in a statement it will not seek another location for the operations it had planned to build in New York, instead spreading the expansion over its existing offices across the United States.CoStar News reportedearly Friday that New York City real estate professionals were concerned that the political squabbling over the deal could prompt Amazon to abandon the project.
"The commitment to build a new headquarters requires positive, collaborative relationships with state and local elected officials who will be supportive over the long-term," the company wrote in a statement on its website. "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."
The company said it will proceed as planned in Northern Virginia and Nashville, and "we will continue to hire and grow across our 17 corporate offices and tech hubs in the U.S. and Canada."