business news in context, analysis with attitude

The Wall Street Journal reports that New York Gov. Andrew Cuomo “has been in contact with Inc. executives, urging them to rethink their decision to abandon plans for a headquarters campus in Queens … A person familiar with the matter said Mr. Cuomo spoke with Amazon Chief Executive Jeff Bezos after the company abruptly told state officials it was scuttling the new development on Feb. 14.”

“I’ve had many conversations with Amazon. I hope that they reconsider,” Cuomo told the Journal.

However, he also says there is no sign that they will.

According to the story, “The overture shows the lasting reverberations of Amazon’s reversal of its plan to come to New York. Mr. Cuomo and Mayor Bill de Blasio offered up to $3 billion of state and city incentives to bring it to the Long Island City neighborhood. In return, Amazon promised to invest $2.5 billion and create 25,000 jobs.”
KC's View:
Good luck.

This whole omnishambles has only served to highlight the chasm between Cuomo and the Mayor of New York City, Bill di Blasio - both Democrats, but di Blasio has blamed Amazon while Cuomo has blamed city politicians.

It sounds like Amazon is rethinking a number of its real estate strategies, including in Seattle. I’m not sure that investing a lot of time and money in the quagmire of New York politics is a smart idea.