• Nick Sorrentino

Amazon backing out of New York deal?

Between deBlasio talking about keeping Bezos's feet to the fire on "progressive" issues. And The wunderkind from Westchester, Ms. Ocasio-Cortez attacking the company, legitimately, for the crony deal that was worked out, one has to wonder what Amazon was thinking in the first place?

Both locations designated as HQ2 (and 3?) for Amazon, Crystal City Virginia and Queens New York were odd choices in our opinion. But the Queens choice was the oddest. Why would a company like Amazon expose itself to the likely unceasing political barrage of a state that is increasingly fiscally challenged? One instantly becomes a massive target.

The only answer is that the crony deal was so sweet Bezos couldn't turn it down. But maybe it's not sweet enough in light of recent developments.

(From Zerohedge) is reconsidering its plan to bring 25,000 jobs to a new campus in New York City following a wave of opposition from local politicians, according to two people familiar with the company's thinking.
The company has not leased or purchased office space for the project, making it easy to withdraw its commitment. Unlike in Virginia — where elected leaders quickly passed an incentive package for a separate headquarters facility - final approval from New York state is not expected until 2020.
Tennessee officials have also embraced Amazon’s plans to bring 5,000 jobs to Nashville, which this week approved $15.2 million in road, sewer and other improvements related to that project.