Nicole Gelinas joins Howard Husock to discuss the resolution of Amazon's year-long "HQ2" competition. This week, the Internet giant announced that it would open new offices in Crystal City, Virginia—near Washington, D.C.—and New York's own Long Island City, Queens.
Located just across the East River from midtown Manhattan, Long Island City had struggled for years as a post-industrial neighborhood until the early 2000s, when rezoning allowed the construction of dozens of luxury residential buildings and modern office towers. The neighborhood still faces challenges, however: it's home to some of the city's largest public housing projects, and its schools are poorly run.
New York State is offering Amazon more than $1.5 billion in tax breaks and grants to create 25,000 jobs in Long Island City. That comes out to about $48,000 per job. Since the announcement, community leaders and elected officials are already making demands on Amazon. They want to see funding for transit fixes, employment for local residents, unionization, and more. As more details emerge on the terms of the city and state's agreement with the company (one example: Amazon's private helipad will be limited to 120 landings a year), many New Yorkers are skeptical.