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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"Worst day for NYC since 9/11."
Eat the rich.
https://therealdeal.com/2019/02/15/lichtenstein-on-amazon-pullout-worst-day-for-nyc-since-9-11/
Lightstone Groups David Lichtenstein said Friday that Amazons about-face on its New York megacomplex was the worst day for NYC since 9-11.
Except this time, the terrorists were elected, the developer added in an email to The Real Deal, in a dig to the politicians who fiercely criticized the tech giants deal with the city for the nearly $3 billion in tax breaks and government incentives it came with. On Thursday, Amazon cited pressure from the local politicians as its reason to abandon the deal for the Long Island City campus, which was to bring 25,000 new jobs to New York and would create, by some expectations, $27 billion in tax revenue over a decade.
(snip)
Lightstone is a major developer with a $3 billion portfolio across New York, Miami and Los Angeles. In Long Island City, Lightstone owns a 428-unit rental building less than two miles from where Amazons campus was set to rise.
Lichtenstein is among several industry figures whove addressed losing out on the Amazon campus, which the real-estate industry felt would be a major boost to both the residential and commercial markets. The future of the neighborhood is still going to happen, said Robert Whalen, Halsteads director of leasing in Long Island City, but Amazon couldve accelerated the process. Dave Maundrell, of Citi Habitats, said that without Amazon, were back to where we were six months ago. The markets gonna go back down.
Except this time, the terrorists were elected, the developer added in an email to The Real Deal, in a dig to the politicians who fiercely criticized the tech giants deal with the city for the nearly $3 billion in tax breaks and government incentives it came with. On Thursday, Amazon cited pressure from the local politicians as its reason to abandon the deal for the Long Island City campus, which was to bring 25,000 new jobs to New York and would create, by some expectations, $27 billion in tax revenue over a decade.
(snip)
Lightstone is a major developer with a $3 billion portfolio across New York, Miami and Los Angeles. In Long Island City, Lightstone owns a 428-unit rental building less than two miles from where Amazons campus was set to rise.
Lichtenstein is among several industry figures whove addressed losing out on the Amazon campus, which the real-estate industry felt would be a major boost to both the residential and commercial markets. The future of the neighborhood is still going to happen, said Robert Whalen, Halsteads director of leasing in Long Island City, but Amazon couldve accelerated the process. Dave Maundrell, of Citi Habitats, said that without Amazon, were back to where we were six months ago. The markets gonna go back down.
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"Worst day for NYC since 9/11." (Original Post)
WhiskeyGrinder
Feb 2019
OP
"Except this time, the terrorists were elected" - those opposing corporate welfare are "terrorists"
PoliticAverse
Feb 2019
#1
"...a major boost to both the residential and commercial markets." means...
TreasonousBastard
Feb 2019
#5
Right, I get it. I'm just constantly amazed at how rising rents and...
TreasonousBastard
Feb 2019
#7
PoliticAverse
(26,366 posts)1. "Except this time, the terrorists were elected" - those opposing corporate welfare are "terrorists"
now, eh?
Ferrets are Cool
(21,104 posts)3. You nailed it. nt
workinclasszero
(28,270 posts)11. Yep
Anyone trying to stop the raping of the American public by billionaire tax cheats demanding corporate welfare is now a terrorist!
hatrack
(59,578 posts)2. Asshole
.
SharonClark
(10,014 posts)9. I second that.
Downtown Hound
(12,618 posts)4. Awww...rich billionaires are upset.
TreasonousBastard
(43,049 posts)5. "...a major boost to both the residential and commercial markets." means...
rents go up again.
I am not sure we should take seriously the jeremiads spoken by the real estate industry.
WhiskeyGrinder
(22,309 posts)6. No, of course not. I was sharing for the ridiculous opening quote.
TreasonousBastard
(43,049 posts)7. Right, I get it. I'm just constantly amazed at how rising rents and...
housing shortages are a "good thing".
onecaliberal
(32,786 posts)8. This needs to happen a million more times.
Me.
(35,454 posts)10. So I Guess The Banks Failing Was A Pretty Good Day Compared To This
not to mention Individual 1 getting elected and taking away our tax breaks.
Yavin4
(35,422 posts)12. I cannot recall any business pulling out of a great business deal because one congressperson tweeted
or there was some opposition to it. Something just doesn't sit right with me.
flotsam
(3,268 posts)13. Republican Fuckheads are getting real loose with their name-calling
It's times like this I regret dueling was outlawed.