November 14, 2018

THE CITY SHOULD HAVE ALLOWED AMAZON TO MAKE OFFERS TO MOVE THERE:

New York's Amazon Deal Is a Bad Bargain (The Editorial Board, Nov. 14, 2018, NY Times)

[D]id Amazon really select New York City for its transportation system? The subways are a shambles. The company couldn't have chosen New York for its affordable housing because, as in Seattle, there isn't any. As for outdoor recreation, our beaches and parks are jammed, our soccer fields overrun. There's a lot more green space elsewhere. Cost of living? Hardly a selling point, unless you are seeking to increase your operating expenses. And no, Amazon didn't choose New York because we have real bagels -- although it couldn't hurt.

Amazon wants to develop a four-million-square-foot campus by the East River because of the talent that resides in New York. Lots of it. According to the Metropolitan Policy Program at the Brookings Institution, New York has more than 320,000 tech workers in the labor pool, the most in the nation. (Washington is second.) That talent commands high salaries, great benefits and won't move to Pittsburgh or Austin or any other of the perfectly nice cities that tried to woo the online giant.

Which raises the question: if New York has what Amazon wants, why is it paying the company so much to make the move?

Posted by at November 14, 2018 7:53 PM

  

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