Amazon pulled out, because it could. Its plan to build a campus and corporate headquarter in Queens was hardly perfect, but no plan could be. Still, the benefits to New York exceeded the $3 billion in tax incentives and New Yorkers supported it.
There were all sorts of problems with the deal New York cut to bring Amazon to the city, and Amazon is no paragon, but its abrupt withdrawal was a blow to New York, which stood to gain 25,000 jobs and an estimated $27 billion in tax revenue over the next two decades. This embarrassment to the city presents a painful lesson in how bumper-sticker slogans and the hubris of elected — and corporate — officials can create losers on all sides.
Overall, support was 56% for Amazon. Notably approval increased to 70% for Blacks and 81% for Latino. Continue reading
