4 ms·
Yes it probably will end up net benefit for NYC but in any deal you have to ask did we overpay? Google bought 111 8th avenue, one of the biggest buildings in ar
by specialp 8y ago
Yes it probably will end up net benefit for NYC but in any deal you have to ask did we overpay? Google bought 111 8th avenue, one of the biggest buildings in area in NYC, and also the premier datacenter location for 1.8 billion and added a lot of employees. Tax break: 0. Facebook and other large tech companies have also been expanding their staff in NYC for no tax break. NIMBYs aside in the local area I am for Amazon coming to NYC along with any other company. NYC is in effect cutting a check to them because now they are losing revenue, and starting a precedent that was previously not needed to get big companies here. The market conditions of NYC have attracted business just fine.
- Nelkins 8y agoI agree, the precedent being set is the worst part of this. And I do think that we "overpaid," in the sense that this erodes any sense of trust and fairness in NYC/NYS government (which I think is critical to a smoothly running society). These tax breaks bolster the idea that political means are a viable route towards a business advantage. I was just expressing my frustration that the situation is being misrepresented by many parties.