Amazon caving - they're going to NY - AOC chills, knowing she won...

[George II]

61. Amazon didn't "cave", NYS and NYC lost. More on this:

https://www.nytimes.com/2019/03/09/nyregion/hudson-yards-new-york-tax-breaks.html

Amazon’s Tax Breaks and Incentives Were Big. Hudson Yards’ Are Bigger.

At Hudson Yards, the expansive real estate development that is about to open in Manhattan, seven floors of retail are occupied by Fendi, Dior, Neiman Marcus and other high-end shops. Major corporations, including WarnerMedia and L’Oreal USA, will have their headquarters there. In the luxury residential buildings, one-bedroom apartments will rent for at least $5,200 a month — or you can buy a two-floor penthouse condo for $32 million.

All thanks to the help of taxpayers.

New York was riveted for weeks by a debate over whether Amazon should receive $3 billion in tax breaks and other incentives in return for setting up a headquarters in Queens and creating 25,000 jobs. But with far less public attention, the city government has for more than a decade been funneling even more aid to Hudson Yards, a 28-acre complex of gleaming office buildings and luxury residential towers that is one of the nation’s biggest real estate projects in recent years.

In all, the tax breaks and other government assistance for Hudson Yards have reached nearly $6 billion, according to public records and a recent analysis by the New School.

The city spent about $2.4 billion to extend the No. 7 subway line to Hudson Yards and set aside $1.2 billion for about four acres of parks and open spaces called Hudson Park and Boulevard. The City Council stepped up to pay $359 million in interest payments on bonds when revenue from the development, which was supposed to cover the tab, fell short of projections.