They didn't offer them $3B subsidy, it was a tax break. Meaning

it is $3B that NY didn't have UNLESS Amazon moved there. It was a $325M subsidy.

NY gave up over $20B in future tax revenue for a $325M subsidy. They gave up all of the secondary jobs and secondary tax revenue (tech companies, restaurants, transit, home values, etc.) that would have been created by taking the deal.

It is silly to say that NY didn't give them $3B that they don't have unless Amazon came in the first night place. You can't invest $3B in revenue that you "saved" when it is revenue you never collected. NY screwed the pooch on this one. If government thinks other "Tech Companies" will jump to take Amazon's place, they clearly doesn't understand business. NY hurt themselves in a big, big way IMO. I hope it is a lesson to future idiots.

[Post edited by Will Stewart at 02/15/2019 2:35PM]

In response to this post by hucareshokiesrul

Posted: 02/15/2019 at 12:17PM

That was fast. Amazon backs out of HQ2 in NYC ... -- vt90 02/14/2019 12:31PM

They didn't get anywhere near as good of a deal as we did. -- hucareshokiesrul 02/15/2019 11:43AM

They didn't offer them $3B subsidy, it was a tax break. Meaning -- HokieHutch 02/15/2019 12:17PM

That's a semantic distinction. Targeted tax breaks and subsidies are the -- hucareshokiesrul 02/15/2019 2:49PM

NYC is better off, IMO (and so is Amazon) -- WestyHokie 02/14/2019 2:38PM

Excellent news for my home value in NoVA :) !! ** -- vt_mughal 02/14/2019 1:40PM

Any idea when the NOVA headquarters will get started?... -- BallinVT 02/14/2019 1:23PM

Next few months -- ShockWaveVT 02/14/2019 4:36PM

I'm sure some people did some serious real estate speculation and -- HokieSignGuy 02/14/2019 12:58PM

With luck a few insiders got burned ** -- `lag 02/14/2019 7:49PM

I guess NYC didn't have a Prime account -- VTHokie2000 02/14/2019 12:53PM

NYC spent a lot of time and money on their proposal... -- Mr. Touchdown 02/14/2019 4:04PM

Even though it had the support of the Mayor and Gov, weren't they -- VTHokie2000 02/14/2019 4:10PM

Yeah, I get the feeling that AMZ regretted the decision almost instantly. ** -- HokieNoVA 02/14/2019 1:10PM

Probably, but the same could be said about NYC once the protests started -- VTHokie2000 02/14/2019 1:17PM

Wonder if they had been working with the guy that AOC beat? -- Hokie360 02/14/2019 1:29PM

Since I don't live in that part of the country, I can't say for sure -- VTHokie2000 02/14/2019 1:32PM

Cause and effect might be reversed, maybe that's why she won ** -- `lag 02/14/2019 7:53PM

Possible ** -- VTHokie2000 02/14/2019 8:56PM

They didn't offer them $3B subsidy, it was a tax break. Meaning

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