Author Topic: Amazon HQ2  (Read 14530 times)

Offline Yonah

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Re: Amazon HQ2
« Reply #180 on: February 15, 2019, 01:11:28 PM »
Why would you want to build in a place where the politicians will be out to get you when you could build in a place where they're welcoming you with open arms?

Smart move by Amazon. They likely would have been shafted with special taxes targeted at them as revenge so that the politicians could score more points.

I had read somewhere that the unions got involved as well and that was part of Amazon's decision's to back out.

Offline Dan

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Re: Amazon HQ2
« Reply #181 on: February 15, 2019, 01:18:02 PM »
I would imagine that was the case, but I don't believe that a timeline was publicized.
They would never sign a deal without a timeline. How would that be enforceable?
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Online aygart

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Re: Amazon HQ2
« Reply #182 on: February 15, 2019, 01:27:32 PM »
I had read somewhere that the unions got involved as well and that was part of Amazon's decision's to back out.
So @avromie7 is siding with the unions?
Feelings don't care about your facts

Offline avromie7

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Re: Amazon HQ2
« Reply #183 on: February 15, 2019, 01:35:15 PM »
They would never sign a deal without a timeline. How would that be enforceable?
Meh, I wouldn't put it past government to do something stupid like that.
So @avromie7 is siding with the unions?
That is technically true, but for completely different reasons.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline zh cohen

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Offline good sam

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Re: Amazon HQ2
« Reply #185 on: February 17, 2019, 03:43:13 PM »
I heard a sound byte from AOC today saying that the $3B should instead be invested into the community.

Does she really not know what she's saying or is it just a show?
If you don't care why would you comment?
HT: DMYD

Offline ExGingi

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Re: Amazon HQ2
« Reply #186 on: February 17, 2019, 03:46:32 PM »
I heard a sound byte from AOC today saying that the $3B should instead be invested into the community.

Does she really not know what she's saying or is it just a show?

https://forums.dansdeals.com/index.php?topic=5531.msg2009412#msg2009412
I've been waiting over 5 years with bated breath for someone to say that!
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Offline ExGingi

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Re: Amazon HQ2
« Reply #187 on: February 17, 2019, 03:48:38 PM »
I heard a sound byte from AOC today saying that the $3B should instead be invested into the community.

Does she really not know what she's saying or is it just a show?

I wonder how much more these guys will tolerate before they feel compelled to change their brand name.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline gingyguy

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Re: Amazon HQ2
« Reply #188 on: February 17, 2019, 04:05:59 PM »
I wonder how much more these guys will tolerate before they feel compelled to change their brand name.
lol
May you slide down the banister of happiness & get many splinters of success up your career.

Offline zh cohen

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Re: Amazon HQ2
« Reply #189 on: February 17, 2019, 07:13:02 PM »

Offline EJB

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Re: Amazon HQ2
« Reply #190 on: February 18, 2019, 12:06:41 PM »
There is a huge dichotomy between white and blue collar jobs - the 40k jobs average is what happens when you combine the salaries of hourly warehouse workers in low-cost areas, with office workers in bigger cities. If you have 10 warehouse workers making 30k in West virginia and one programmer making 140 in SF, that's a 40k average. These jobs would primarily be the latter.
That’s my point. These are high paying jobs for amazon, where the majority of employees work in warehouses and similar sort of roles.

Offline Yonah

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Re: Amazon HQ2
« Reply #191 on: February 19, 2019, 08:52:10 AM »
They would never sign a deal without a timeline. How would that be enforceable?

Agreed - but I didn't see it publicized by the city or amazon - it was all very vague - wouldn't you think both sides would want transparency?

Offline whYME

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Re: Amazon HQ2
« Reply #192 on: February 19, 2019, 09:43:47 AM »
1. I don't think anybody here is arguing that the tax breaks for amazon were inherently bad, rather the argument is whether it's ok that the tax breaks are given only to select companies rather than across the board. Personally I think they should be making a better business friendly environment over all, I think it's better to have 1,000 companies create 25 jobs each than to have one company create 25,000 jobs.
I think the fact that NY isn't covering it's budget because everyone with money is fleeing to to lower tax states should be a much bigger story than Amazon.

2. There's a separate argument of whether having an Amazon move into and transform a neighborhood/city is a good thing or a bad thing.
right now, at least for this specific case of LIC, (smaller cities are probably different)) I'm leaning towards it being bad for the little guy. It seems to me that anyone who owns property in the area (+ ripple effect on surrounding areas) and certain businesses that'll benefit from the increased foot traffic / gentrification will make out really well. Everyone else will be hurt by the increased rents & strain on public infrastructure etc.

Online yesitsme

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Re: Amazon HQ2
« Reply #193 on: February 19, 2019, 09:47:42 AM »
and Cuomo is crying that the wealthy are leaving (and the homeless are coming)
["-"]

Offline Yonah

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Offline jj1000

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Re: Amazon HQ2
« Reply #195 on: February 19, 2019, 10:22:15 AM »
See my 5 step program to your left <--

(Real signature under my location)

Offline ExGingi

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Re: Amazon HQ2
« Reply #196 on: March 10, 2019, 07:09:48 PM »
https://ritholtz.com/2019/03/hudson-yards-versus-amazon-hq2/

Quote
Consider the sorts of deal Amazon had negotiated:

New York State:
• $1.525 billion from NYS should Amazon hire 25,000 people over the next decade, at an average salary of $150,000 and occupy at least 4 million square feet of space.
• $1.7 billion if Amazon gets to 40,000 jobs by 2032.
• $1.2 billion from the state’s Excelsior Jobs Program or $48,000 per job.
• Up to $505 million in the form of cash grants dispersed over 10 to 15 years, depending upon whether Amazon hits its job goals.
• The State of New York will override local regulations on the lot currently zoned for manufacturing space, replacing the city’s extensive land use review process.

New York City:

• Business income-tax credits worth $897 million (“as-of-right” offered to companies that relocate to NYC from elsewhere)
• Property-tax break worth $386 million over 25 years
• Offered other tax breaks traditionally aimed at very poor neighborhoods.

Imagine if the people who created the HQ2 deal instead tried to do something similar to the unopposed Hudson Yard deal:

Amazon HQ2 Smart Project
• Create a waterfront esplanade and park;
• Upgrade the subway lines and stations near LIC;
• Replace roads, bridges and sidewalks;
• Build new schools and day care facilities;
• Create a new East River ferry service running from LIC to Manhattan.

…and more.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline whYME

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Re: Amazon HQ2
« Reply #197 on: March 10, 2019, 07:38:25 PM »
https://ritholtz.com/2019/03/hudson-yards-versus-amazon-hq2/

He ends off
Quote
If these three are as smart as they are believed to be, they could still revisit this and make it right. Otherwise, welcome to your lasting legacies, the final word in your obits.
So basically he's saying there's no hope?
(I mean I don't know how smart he thinks DeBlasio is)

Offline stooges44

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