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you're suggesting that the handout was baked in from the get go because the HQ was in Queens, and Amazon being Amazon had nothing to do with it? Mostly, yes. A
by orangecat 8y ago
you're suggesting that the handout was baked in from the get go because the HQ was in Queens, and Amazon being Amazon had nothing to do with it?
Mostly, yes. About $2.5 billion of the tax benefits were "as of right", meaning they're available to any company that fulfills certain requirements. There was also a separate Amazon-specific $500 million grant to assist with construction. More details at http://www.gothamgazette.com/state/8110-a-closer-look-at-the-tax-incentives-in-the-amazon-deal http://www.gothamgazette.com/state/8110-a-closer-look-at-the...
If that's the case, the media have done a terrible job reporting this.
Shocking, isn't it?
- deleted 8y ago[deleted]
- sublupo 8y agoSo then what was the point of the heavily publicized hq2 search? If, in the end, Amazon chose a deal that was available to everyone, then what did they negotiate?
- tedunangst 8y agoOther cities could attempt to beat NYC's standing offer.