Politics Kills NYC Amazon Deal
Article from Reason by Christian Britschgi.
But opposition from a few key local and state officials helped to sink the otherwise popular deal. That includes both New York City Council Speaker Corey Johnson and state Sen. Michael Gianaris (D–Queens).
Johnson’s support would have been crucial for shepherding the promised local incentives, which included nearly $1.3 billion in income and property tax breaks, through the city council. Gianaris, a fierce critic of the deal struck by Cuomo and De Blasio, was appointed in early February to the state’s Public Authorities Control Board, a position he could have used to block the $1.7 billion in state incentives, which included $1.2 billion in tax breaks plus between $300 and $500 million in cash grants pegged to job creation targets.
“A number of state and local politicians have made it clear that they oppose our presence and will not work with us to build the type of relationships that are required to go forward with the project,” said Amazon in its statement.
“A small group [of] politicians put their own narrow political interests above their community—which poll after poll showed overwhelmingly supported bringing Amazon to Long Island City—the state’s economic future and the best interests of the people of this state,” echoed Cuomo.
Read the entire article at Reason.
Image Credit: By SounderBruce [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], from Wikimedia Commons