Cuomo calls Amazon’s Hudson Yards lease “crumbs from the table”

HQ2 critics say latest deal proves Amazon was going to come to NYC no matter what

TRD New York /
Dec.December 09, 2019 10:00 AM
Governor Andrew Cuomo and Hudson Yards (Credit: Getty Images)

Governor Andrew Cuomo and Hudson Yards (Credit: Getty Images)

Amazon’s new West Side office lease has renewed the debate over tax breaks offered during its effort to bring a headquarters to Long Island City.

The ecommerce giant’s lease for 335,000 square feet at SL Green Realty’s 410 10th Avenue near Hudson Yards was reported Friday (as was its talks to lease RXR Realty and LBA Logistic’s 700,000-square-foot warehouse in Queens).


Critics of the Long Island City “HQ2” deal say this offers proof that New York did not need to provide Amazon with tax incentives or subsidies to bring it to the city, while supporters of the older deal say Amazon’s Hudson Yards lease is nothing compared to what it would have brought to Long Island City, according to the Associated Press.
 
Michael Gianaris (Credit: Getty Images)

Michael Gianaris (Credit: Getty Images)

“Amazon is coming to New York, just as they always planned,” New York state Sen. and vocal HQ2 critic Michael Gianaris said in a statement. “Fortunately, we dodged a $3 billion bullet by not agreeing to their subsidy shakedown earlier this year.”

Gov. Andrew Cuomo pushed back against this mindset, saying that Amazon’s new lease will bring in fewer jobs and not benefit Queens. He described it as “crumbs from the table compared to a feast.”

“We don’t have a problem bringing businesses to Manhattan,” he told the AP, “but we have been trying for decades to get that Queens waterfront developed.” [AP— Eddie Small


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

The Observation Deck at Hudson Yards (Credit: Adam Pogoff)

Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere

Facebook CEO Mark Zuckerberg and Hudson Yards (Credit: Getty Images and Wikipedia)

Facebook close to finalizing Hudson Yards office deal: report

Clockwise from left: 707 Eleventh Avenue, One Vanderbilt, SL Green chairman and CEO Marc Holliday and 410 Tenth Avenue (Credit: Google Maps, SL Green, Hines)

SL Green snaps up West Side office property

Boston Properties CEO Owen Thomas (left), Shearman & Sterling's David Beveridge, and 599 Lexington Avenue (Credit: Wikipedia)

Boston Properties inks big renewal with law firm at 599 Lex

The total market value of all properties in New York City was at about $1.4 trillion (Credit: iStock)

Market value of NYC real estate went up at slowest rate in years

Crystal City, Virginia and Amazon CEO Jeff Bezos (Credit: iStock, Getty Images)

Northern Virginia’s housing market is booming after Amazon’s HQ2

Related Chairman Stephen Ross (Credit: Getty Images, Wikipedia)

Related drops 700-foot-long “wall” from Hudson Yards plan

arrow_forward_ios
Loading...