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1) The $505M is conditional if they bring 40k jobs. If it's only 25k jobs, that turns into $325M. This money is meant for construction costs. [1] 2) Who cares?
by temuze 8y ago
1) The $505M is conditional if they bring 40k jobs. If it's only 25k jobs, that turns into $325M. This money is meant for construction costs. [1]
2) Who cares? Do we need a popular referendum for every business moving to New York? That's insane. There's a reason why we're a republic and not a direct democracy.
> With respect to your math, the goal of government is not to maximize tax revenue, but to provide benefits for residents.
That remaining tax money would improve infrastructure around LIC.
Also, as someone who used to live in LIC, who gives a shit? It's mostly yuppies and luxury housing until you get to Court Square. Sure, you have Queensbridge up north, but if public housing can survive in Manhattan, it'll survive in LIC. This is as low impact as you can get.
- Also a NYC resident
[1] http://gothamist.com/2018/11/13/amazon_queens_nyc_subsidies.php http://gothamist.com/2018/11/13/amazon_queens_nyc_subsidies....
- ciamac 8y agoWell, we can agree to disagree, but I think there are many reasonable arguments against this deal that have nothing to do with the RWDSU and everything to do with a lack of transparency and special treatment for a large powerful corporation. Wouldn't it be better to have a competitive process with multiple bidders to redevelop LIC? Let's see what the market clearing price would be. I'd bet it would not involve subsidies.
- vonmoltke 8y ago> Wouldn't it be better to have a competitive process with multiple bidders to redevelop LIC? Let's see what the market clearing price would be. I'd bet it would not involve subsidies. When are you starting the campaign to cancel the REAP and ICAP programs?