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by Permit 2674 days ago
> * Most of these "deals" were put together secretly without input from the public. Millions (or in NY's case, billion+) of dollars were packaged and presented without community input or oversight

> * State and local governments probably shouldn't be diverting billions of their citizen's tax revenue to lure corporations who will only impact a tiny subset of their citizenry.

I haven't been following this closely. What did New York offer Amazon that it does not offer any other company? In the linked article the author states that Amazon would have been claiming existing tax credits. Did they receive anything else (not offered to any other new businesses)?

If so, the linked article seems to be presenting the argument in bad faith.

If not, you seem to be describing the offer in bad faith.

2 comments

Yes, the letter asks us to believe that Amazon, after a lengthy nationwide search, ultimately chose a deal that only offered credits that were already on the books.

If the benefits of the deal are already available to all comers, why doesn't Amazon just continue with its plan?

Rezoning and eminent domain, resulting in massive windfall for Plaxall https://www.crainsnewyork.com/real-estate/plastics-company-a...

(Yes, some of that land is being purchased in a private sale, but its value is now significantly greater because of the city's rezoning and ability to stich-together workable parcels through eminent domain)Long island City residents aren't terribly happy about that.

Then there's the whole Excelsior tax credit scheme which Amazon really stretches. It's normally just 6.85% of wages per net new job. Amazon's is significantly greater. https://esd.ny.gov/excelsior-jobs-program

Use of eminent domain is disgusting and that alone is enough to kill the deal IMHO. Using eminent domain for a private business is wrong. It seems like New York does that too often.