| > that's an incredible amount of pandering for the governor of the state containing New York City to be doing Pandering is free. I imagine infrastructure-based incentives will be popular in New York. Large tenants make big infrastructure possible. That enables further density, which means more jobs, more municipal budget and more demand for local commerce. Turning Amazon's HQ2 into the catalyst for building out Western Brooklyn and LIC infrastructure isn't a bad trade for the city. (Tax credits would be tone deaf, but if done in a budget-neutral manner could be okay.) New York City is a commercial centre. Pragmatism wins votes. |
What infrastructure is that exactly?
Long Island City and Greenpoint/Williamsburg have already been absurdly built up by developers over the last two decades.
It's hard to believe an influx of new tens of thousands of individuals to fill vacancies at Amazon is going to produce new train tunnels under the East River or new bridges over it. NYC already has large tenants - Google, JP Morgan Chase, Goldman Sachs, Verizon etc, and the city's infrastructure woes have worsened despite their presence.
I would also imagine that much of the gain in the local tax coffers by the additional work force will be offset by whatever tax deals the city and states extends to Amazon.