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  #321  
Old Posted Feb 10, 2019, 4:25 AM
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One of our favorite pastimes is complaining. You’re not a true New Yorker if you don’t have opinions about something and think everyone else wants to hear them.
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  #322  
Old Posted Feb 10, 2019, 4:44 AM
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I would just hold my breath in general, since Jeff is splitting with his wife of 25 years, it gonna be real interesting to see how much assets she gain after the divorce- particularly if she help build Amazon in its infancy during the marriage.
     
     
  #323  
Old Posted Feb 10, 2019, 1:41 PM
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I would just hold my breath in general, since Jeff is splitting with his wife of 25 years, it gonna be real interesting to see how much assets she gain after the divorce- particularly if she help build Amazon in its infancy during the marriage.
By law she owns as much of Amazon as he does.
     
     
  #324  
Old Posted Feb 10, 2019, 2:44 PM
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By law she owns as much of Amazon as he does.
She doesn't own as much of AMAZON as he does. She owns half of the marital assets, which includes everything liquid, savings, other investments, etc... She has no direct right to control Amazon. Depending on how much they cashed out and placed in other vehicles during the marriage, her entitlement could be satisfied without touching or selling any Amazon stock. In reality, I suspect (but don't know) that most of his wealth actually is in the form of Amazon holdings. But Bezos only owns about 16% of the company's stock anyway. His influence on strategic operations and big decisions stems more from his position as founder, CEO, and visionary. Not because he legally owns a majority of shares and can make decisions without Board approval. He gets Board and stockholder buy-in because of who he is and what he's done. Not as a function of his status as minority shareholder. I don't see the divorce having any bearing on Amazon's strategic decisions, including where they put HQ2, even if Mackenzie Bezos does come to own 8% of Amazon's shares through the divorce settlement.
     
     
  #325  
Old Posted Feb 10, 2019, 3:32 PM
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She doesn't own as much of AMAZON as he does.
Yes, she does.

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Originally Posted by jsbrook View Post
She owns half of the marital assets, which includes everything liquid, savings, other investments, etc... She has no direct right to control Amazon. Depending on how much they cashed out and placed in other vehicles during the marriage, her entitlement could be satisfied without touching or selling any Amazon stock. In reality, I suspect (but don't know) that most of his wealth actually is in the form of Amazon holdings. But Bezos only owns about 16% of the company's stock anyway. His influence on strategic operations and big decisions stems more from his position as founder, CEO, and visionary. Not because he legally owns a majority of shares and can make decisions without Board approval. He gets Board and stockholder buy-in because of who he is and what he's done. Not as a function of his status as minority shareholder. I don't see the divorce having any bearing on Amazon's strategic decisions, including where they put HQ2, even if Mackenzie Bezos does come to own 8% of Amazon's shares through the divorce settlement.
Nobody ever said she was going to be able to pull off a hostile takeover or whatever, just that she owned the same amount he did. Obviously the board is still going to respect him far more than they will her, but she will still be able to vote her shares (assuming some sort of deal isn't made where Jeff retains voting rights and she just gets the monetary value).
     
     
  #326  
Old Posted Feb 10, 2019, 4:30 PM
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Yes, she does.


Nobody ever said she was going to be able to pull off a hostile takeover or whatever, just that she owned the same amount he did. Obviously the board is still going to respect him far more than they will her, but she will still be able to vote her shares (assuming some sort of deal isn't made where Jeff retains voting rights and she just gets the monetary value).
True. But unlikely that an 8% shareholder's voting rights will materially alter the outcome of any significant decision that requires shareholder and/or Board buy-in. Especially in this company with Bezos being who he is and the Board and other majority shareholders being who they are (the next 3 largest shareholders are Amazon executives and/or heads of Amazon subsidiaries such as Amazon Web Services).
     
     
  #327  
Old Posted Feb 10, 2019, 4:44 PM
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LOL, everybody would be back on that bandwagon. I remember when the narrative was all those other cities were lucky they didn't get Amazon.
It's just people coping with the loss... Not wanting 25k jobs and a giant boom to your infrastructure and downtown core is just asinine. People will always find ways to say losing out on these huge deals are bad, but they'll always be fighting for the next one tooth and nail despite said claim.
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  #328  
Old Posted Feb 10, 2019, 5:10 PM
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It's just people coping with the loss... Not wanting 25k jobs and a giant boom to your infrastructure and downtown core is just asinine. People will always find ways to say losing out on these huge deals are bad, but they'll always be fighting for the next one tooth and nail despite said claim.
Studies have been conducted showing the majority of these deals ARE bad so there is a very strong factual reason to be opposed to them. Especially when the state you live in is offering 7 Billion dollars for those jobs. That's a massive amount of money by any standard. My own home town gave $300,000,000 to one company that shut it's new plant down after a few years and gave much more to another company although so far that's been working out OK. Two other sites were given to polysilicon manufacturers who both canceled their projects after Billions spent due to China's dumping of polysilicon.

And just look up the Wisconsin Foxconn plant which is the most comparable situation to Amazon HQ2. That's been nothing but a boondoggle.
     
     
  #329  
Old Posted Feb 11, 2019, 1:49 AM
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Originally Posted by BonoboZill4 View Post
It's just people coping with the loss... Not wanting 25k jobs and a giant boom to your infrastructure and downtown core is just asinine. People will always find ways to say losing out on these huge deals are bad, but they'll always be fighting for the next one tooth and nail despite said claim.
And I wouldn't blame any of them for jumping back on the bandwagon. You would have to be insane to pass up that type of economic development. Queens could certainly use it.



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Studies have been conducted showing the majority of these deals ARE bad...
And just look up the Wisconsin Foxconn plant which is the most comparable situation to Amazon HQ2. That's been nothing but a boondoggle.
They could do a million studies. Has nothing to do with THIS deal.
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  #330  
Old Posted Feb 11, 2019, 2:14 AM
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They could do a million studies. Has nothing to do with THIS deal.
I guess we will see in a few years? All I'm saying is that the odds are not favorable here, but obviously nobody knows the future. To NYC's credit they gave up a lot less than some other cities were willing to give up so maybe they will beat the odds?
     
     
  #331  
Old Posted Feb 11, 2019, 3:38 AM
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True. But unlikely that an 8% shareholder's voting rights will materially alter the outcome of any significant decision that requires shareholder and/or Board buy-in. Especially in this company with Bezos being who he is and the Board and other majority shareholders being who they are (the next 3 largest shareholders are Amazon executives and/or heads of Amazon subsidiaries such as Amazon Web Services).
lots of different factors might be in play: common stock or preferred, different stock types, voting rights for each, etc. Its easy to imagine how 8% ownership can still almost completely control a company.
     
     
  #332  
Old Posted Feb 11, 2019, 3:55 AM
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I guess we will see in a few years? All I'm saying is that the odds are not favorable here, but obviously nobody knows the future. To NYC's credit they gave up a lot less than some other cities were willing to give up so maybe they will beat the odds?
I don't know what you mean by the odds are not favorable. Amazon only gets the tax break after it meets it's targets each year. If they don't meet the targets, no tax break. What's the issue? The City and State will be getting a lot of revenue they wouldn't be getting otherwise either way.































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  #333  
Old Posted Feb 11, 2019, 3:56 AM
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  #334  
Old Posted Feb 11, 2019, 9:45 PM
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https://nypost.com/2019/02/11/upstat...oesnt-want-it/

Upstate lawmakers: We’ll take Amazon HQ2 if NYC doesn’t want it

By Carl Campanile
February 11, 2019


Quote:
“It is apparent the obstacles in New York City are going to be difficult to overcome and with all of the resources we have in the Syracuse-Rochester corridor we would hope Amazon would give us a chance to become the home of the new headquarters,” state Sen. Bob Antonacci (R-Syracuse) said in a press release Monday.

“We would be willing to work with them to help boost economic and job growth in our region.”
Quote:
Said Assemblyman William Barclay, who represents western New York: “We need private investment to spur jobs and add to the overall economy. If political forces in NYC continue to put up hurdles to some 25,000 jobs, we would gladly accommodate them Upstate.”

Assemblyman Gary Finch, who represents the Finger Lakes region, said it “never made sense to provide Amazon incentives to headquarter in the most prosperous city in the world. But it makes a lot of sense for Amazon to put down stakes in the Finger Lakes…”

Sen. Pam Helming (R-Canandaigua) said tax incentives “would not even be needed” if Amazon relocated upstate because of the region’s affordability.
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  #335  
Old Posted Feb 11, 2019, 10:09 PM
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Talent might be the issue. Recruitment, even from out of states, is a much easier sell for NY than upstate where folks are leaving! Even with the universities out there, I doubt it.
     
     
  #336  
Old Posted Feb 11, 2019, 11:46 PM
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Talent might be the issue. Recruitment, even from out of states, is a much easier sell for NY than upstate where folks are leaving! Even with the universities out there, I doubt it.
That's really the biggest issue as far as Amazon is concerned. They've said it wasn't about the incentives, which New York is on the low end of as far as bids go. If Amazon decided to take none of the incentives offered, that would only make more people angry, including the folks from out of town who have insisted the fix was in all along. The local NIMBYs don't really care about that. They just don't want this big development, in any form.
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  #337  
Old Posted Feb 12, 2019, 2:39 PM
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So, will Amazon stay in New York or not?
     
     
  #338  
Old Posted Feb 12, 2019, 2:50 PM
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So, will Amazon stay in New York or not?
We'll know when we know.
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  #339  
Old Posted Feb 12, 2019, 3:59 PM
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This is already widely known, but we keep getting the same result...


Despite lawmaker opposition, poll says New Yorkers favor Amazon’s LIC campus
A new survey followed reports that the company may reconsider



February 12, 2019


Quote:
Even as Amazon’s plan for a campus in Long Island City faces strong opposition from local lawmakers and activists, the majority of voters in New York City and the state support the move, a new poll claims.

About 56 percent of voters across the state support the project, according to a new poll by the Siena Research Institute. Roughly 58 percent of city residents support the plan, while 35 percent opposed it when told about the job creation and incentives, the Wall Street Journal reported.

“Upstate voters are evenly divided but suburban voters strongly approve and in New York City, where some local activists have voiced opposition, voters approve of the deal by 23 points,” Siena Research Institute’s poll director said in a statement.
Quote:
The polling follows a report last week that said Amazon was reconsidering its decision due to the opposition. Since Amazon is yet to lease or purchase office space for the project, it would be able to withdraw, the previous report said.

A later report said the story about Amazon reconsidering “had gone too far” and that Amazon “had no plans to back out.”
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  #340  
Old Posted Feb 13, 2019, 3:44 AM
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https://www.bloomberg.com/news/artic...president-says

Amazon's Plans in NYC are Still a Go, Long Island City President Says

By Lily Katz
February 12, 2019


Quote:
Despite a flurry of speculation over whether Amazon would cancel plans for a major expansion in New York City, for some of those involved with the Long Island City site, it’s business as usual.

“Everybody that is involved on the ground here is all steam ahead,” Elizabeth Lusskin, president of the Long Island City Partnership, said at an industry event Tuesday. “I have no direct indication that there’s any change in that decision.”

Lusskin, who co-chairs a community subcommittee that advises on the new campus, said she spoke with Amazon on Friday and got the sense that its plan to set up shop in Long Island City is “all a go.” Still, New Yorkers shouldn’t take that for granted because Amazon has a lot of other options, she said.

“They have before them fully fledged proposals from a number of places,” said Lusskin. “Those didn’t go in the garbage.”


I don't think New Yorkers should be concerned about the deal. As I said earlier, Amazon had enough time and suspense to make a decision, and once it was made, its all on Amazon. If they can't handle a little opposition, then maybe New York isn't the place for them. I don't expect they'll go anywhere, but enough with the BS.





https://qns.com/story/2019/02/12/que...cking-of-deal/

Queens Amazon supporters head to Albany to call for state legislators backing of deal



Brendan Levy of The Queens Chamber of Commerce speaks in support of Amazon locating their new headquarters in Long Island City.


By Bill Parry
February 12, 2019


Quote:
A coalition of western Queens business and community leaders, CUNY students and tech groups trekked to Albany Tuesday to express their support for Amazon’s expansion to Long Island City.

The supporters held a press conference at the so-called Million Dollar Staircase in the Capitol Building calling on state legislators to back the creation of 25,000 new good-paying jobs.
Quote:
“Queens and Amazon are a perfect match,” Queens Chamber of Commerce President and CEO Thomas J. Grech said. “Our diverse talent pool, entrepreneurial spirit, thriving art scene and boundless energy will help Amazon continue to grow and thrive, and Amazon’s presence in our borough will create jobs for local residents, catalyze economic activity, support small businesses in our community, as well as generate tax revenue. We look forward to working with Amazon and stakeholders at all levels of government to ensure that New York City seizes the opportunity to bring tens of billions of dollars of investment to western Queens.”

Several members of the coalition have seats on the Community Advisory Committee that met for the first time last month at the Long Island City Partnership, including its president, Elizabeth Lusskin, a co-chair of the Project Plan Subcommittee.

“Amazon’s decision to locate its new headquarters and tens of thousands of family-supporting jobs in Long Island City is the culmination of over 30 years of work to bring great jobs to LIC and Queens,” she said. “My partners and I — the City, the State, leaders representing 35,000 public housing residents and over 50,000 students, and our local business community, small and large — are now working to ensure that not only is Amazon successful here, but that the neighborhood and its people benefit in lasting ways, too.”
Quote:
Richard Khuzami, the president of the Old Astoria Neighborhood Association, also has a seat on the Community Advisory Committee. Khuzami offered a counter-argument to the opposition of Queens elected officials who maintain the nearly $3 billion in state and city tax incentives and subsidies used to lure Amazon would have been better spent on local programs such as affordable housing and transportation.

“I’m supporting Amazon’s decision to join the Long Island City community because I know it will help us build a stronger neighborhood, a stronger borough, and a stronger New York,” Khuzami said. “This project will return LIC to its mixed-use roots — and from building a new park to investing millions in neighborhood infrastructure upgrades, ensuring that as Amazon’s presence grows, our community’s resources will also grow. This is a $3 billion investment that will pay significantly more dividends — it’s a win-win for our neighborhood, and I am proud to support the project, as are many of my neighbors in Western Queens.”





https://www.nydailynews.com/opinion/...212-story.html

Don't scare Amazon away, NYC: Misinformation is fueling fearmongering; we need its jobs and the economic benefit to the wider city

By KATHRYN WYLDE
FEB 12, 2019


Quote:
New Yorkers love political theater, but at what cost? Are we really prepared to blow up a deal with Amazon, made by our governor and mayor, that would bring at least 25,000 new jobs to Long Island City?

Misinformation has fueled the Amazon debate. For example, there is nothing extraordinary about their government incentive package. Any company creating new jobs in Queens is eligible for similar incentives, and businesses secure these awards every day without controversy.

Most are tax credits that have to be earned as people are hired and investments made, not funds that could otherwise be spent on subways, or NYCHA repairs, or new schools. Think of the incentives as a small discount off the billions of new taxes that Amazon will bring to New York over the next 25 years — taxes that could pay for subways and other needs. No Amazon, no funding.
Quote:
The state has also committed about $500 million in grant funds as part of its competitive offer — intended so that the company will build its campus using union labor. The sum is about the same as Virginia, which was selected by Amazon for its second east coast headquarters. This is significantly less than grants that Albany has awarded to upstate economic development projects — for example, over $5 billion to nanotech in the Capital Region and a billion-plus to Buffalo.
Quote:
New York City has more than half the state residents who are living in poverty; our five boroughs deserve job-generating state investments just as much or more than upstate.

Some opponents have claimed that Amazon will displace diverse residents and disrupt the stability of the surrounding communities. In fact, there has been a robust community planning process going on in Long Island City for more than a decade. It has laid the groundwork for just this type of development.

Longtime residents, businesses, educators and nonprofit groups in the community are determined to preserve their community and avoid displacement. But they overwhelmingly support new tech jobs and economic development; polls confirm this.
Quote:
Building a vibrant tech sector has been a vision of Borough President Melinda Katz and other Queens leadership for a number of years. Tech development of Long Island City is what was contemplated when the Bloomberg administration selected Cornell University and the Technion Institute to build a top-flight technology and engineering graduate school on nearby Roosevelt Island.

Just as the Brooklyn Navy Yard has created a thriving center of new employment and entrepreneurship on that borough’s long-neglected waterfront, Amazon can be a similar catalyst for economic renewal of Queens.
Quote:
Union leaders and other defenders of workers’ rights have raised questions about Amazon’s workplace practices, mostly at facilities that aren’t part of this deal.

New York City and state governments pride themselves on having among the most progressive labor laws, worker protections and mandated benefits in the country. It is hard to imagine that Amazon chose to come here if they don’t intend to abide by them. Certainly, this should be a condition of any public subsidies. It would be foolish for any company to make a substantial investment in the city if they were not prepared to live up to our high standards for worker rights.
Quote:
And it’s not just the tech jobs themselves that are at stake, but the thousands and thousands of other jobs in construction, security, catering, retail and so on who will serve the thousands of people working for Amazon.

Half the city’s population are relative newcomers; they tend to take our vibrant economy for granted. Those of us who have been around for a while do not. We are nervous about a slowdown in the financial services and traditional media industries and the instability of the health care sector — the industries that have driven employment growth for the past 30 years. We recognize the importance of diversifying our economy in order to ensure the city’s future. The Amazon headquarters is clearly the best opportunity at hand to accomplish that.




https://www.timesledger.com/stories/...9_02_15_q.html

Astoria, Long Island City residents blast opponents of Amazon HQ2 proposal



Bishop Mitchell Taylor slammed the opposition to Amazon for allegedly overstepping boundaries at a rally on Monday.


By Mark Hallum


Quote:
Bishop Mitchell Taylor and Queensbridge residents rallied Monday to support employment opportunities that the online retail giant could possibly provide to Long Island City and beyond.

Taylor told reporters that negativity from opponents of the proposal does not represent the wants or needs of NYCHA residents or the involvement of their leaders in discussions about Amazon coming to their community. But more than anything, they spoke out against perceived outsiders stoking discontent within the confines of the housing complex.

“I’m incensed when I see people from Connecticut, from other boroughs, from other places, convene upon Queensbridge, knocking on doors telling people because of Amazon, because of this, you’re going to lose your apartment,” Taylor said. “Let me tell you something: if you’re concerned about gentrification, that happened 15 years ago … You cannot speak for us. You haven’t lived here.”
Quote:
Taylor’s roots in Queensbridge go deep with his father, also a pastor, first serving a northwest Queens congregation in 1960 and Taylor himself leading worship for 28 years. He is a founder of Urban Upbound, an organization which works to break cycles that keep families in poverty and serves on the Community Advisory Committee for the implementation of Amazon.

“We are negotiating. We are talking. We are trying to figure out what is the best possible outcome for the residents of northwestern Queens and New York City,” Taylor said. “Twenty-five thousand jobs, possibly 40,000 jobs coming to this neighborhood and we want to know how that’s going to happen, how that’s going to benefit our residents. Nobody is cutting any deals here.”
Quote:
The bishop challenged the protests of Donnelly Rodriquez, who spoke out during the rally that 400 people had signed a petition against Amazon over the weekend.

“It’s amazing to me how people like this don’t even live here and they want to come to a press conference that we’re trying to have peacefully and they want to heckle,” Taylor said. “We’re not going to allow that to deter us. These people don’t live here. They aren’t from here. They probably moved here two days ago.”

Claudia Coger, president of the Astoria Houses Tenants Association and a resident of 60 years, claimed there had been misinformation circulated through the NYCHA complex in an effort to “stir up” residents against Amazon, but that it was her job as a community leader to dispel rumors and hype.

“One of the things that bothers me the most, is that people do not have the correct information to take into the community or they come in to stir up people and force accusations, we’re not going to stand for that,” Coger said. “You should not go into a community and tell people they’re going to lose their homes unless you have documentation. We need to stop that nonsense now.”
Quote:
April Simpson, the president of Queensbridge Tenants Association, said she was born in her parent’s bed in the NYCHA development she still calls home after 57 years.

“I’m not going to allow anyone to come into my community and disrupt and deny them the opportunity for a better life,” she said. “I don’t want to hear from hecklers who came over here like sneaky thieves in the night over the weekend without the courtesy to lets us know they were coming. That’s disrespectful. The information that is being provided is wrong, we’ve been sitting at the table since day one. We’ve been representing our community for years so what makes you think we’re still not going to represent them today with Amazon.”

Elizabeth Lusskin, the president of the Long Island City Partnership, and U.S. Rep. Carolyn Maloney also spoke in favor of Amazon at the rally while a small group of detractors booed.

“I think Amazon does not care about Queens, Amazon does not care about Queensbridge and they don’t care about Astoria. They’re here to profit,” said Rodriguez, who said he was born and raised in Astoria. “I think the support here is misinformed.”



https://qns.com/story/2019/02/12/ama...g-island-city/

Amazon takes new poll numbers as ‘clear validation’ that it is wanted in Long Island City





By Bill Parry
February 12, 2019


Quote:
Amazon is feeling “validated” after a new poll showed New Yorkers continue to support the e-commerce giant’s plan to build its HQ2 campus in Long Island City.

The new Siena College Research Institute poll released Tuesday morning showed that 58 percent of New York City voters approve of the deal that promised to bring 25,000 over 10 years, with a plan to grow to 40,000 over 15 years to a complex that would be built along Anable Basin. Statewide, the poll showed voters approved the Amazon deal, 56 to 36 percent.

“Even as Amazon is said to be reexamining the deal with New York to locate in Queens, by 20 points New York voters approve of the deal,” Siena College Research Institute Director Don Levy said. “Upstate voters are evenly divided but suburban voters strongly approve and in New York City, where some local activists have voiced opposition, voters approve of the deal by 23 points.”
Quote:
“This is yet another clear validation that New Yorkers want 25,000 great jobs, with great benefits, that Amazon is ready to deliver to the community,” an Amazon spokesperson said. “From construction jobs to software engineer positions, the tens of thousands of jobs we plan to create will be available to residents of all education levels and professional backgrounds, and our new headquarters will help improve the city’s economy for generations to come.”

The poll was released the morning after Mayor Bill de Blasio defended the deal during more than two hours of testimony at a state budget hearing in Albany. The mayor and Governor Andrew Cuomo brokered the Amazon deal offering nearly $3 billion in state and city tax incentives and subsidies.

“We never had a single plan, a single agreement that brought us that many jobs,” de Blasio said. “We need those jobs. We need that revenue.”

The deal is projected to deliver more than $186 billion in economic impact to New York over the next 25 years. Amazon was reportedly reconsidering the project due to opposition from Democratic leaders in Queens, according to the Washington Post.

Cuomo accused the opposition, led by state Senator Michael Gianaris, of committing “governmental malpractice.” On Monday, he told reporters that any project of this side will generate such opposition.

“It’s the nature of the beast,” Cuomo said.

After the results of the Siena poll were released, which build on recent polling by HarrisX, commissioned by Amazon, that shows 80 percent of Queens residents, as well as 77 percent of State Senate District 12 residents which is represented by Gianaris, support the corporation’s move to Long Island City.
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Last edited by NYguy; Feb 13, 2019 at 4:01 AM.
     
     
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