Amazon announced on Thursday that it would no longer move forward with plans to build a second headquarters in New York City, The New York Times reports.
The campus, planned for Long Island City in Queens, faced opposition from local lawmakers, who expressed concern that the company would get significant subsidies in the deal. "We do not intend to re-open the HQ2 search at this time. We will proceed as planned in Northern Virginia and Nashville," said Amazon in a statement, referring to plans to build a campus in Crystal City, Virginia, and an operations center in Tennessee. "A number of state and local politicians have made it clear that they oppose our presence and will not work with us to build the type of relationships that are required to go forward with the project."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Today's political cartoons - December 21, 2024Cartoons Saturday's cartoons - losing it, pedal to the metal, and more
-
Three fun, festive activities to make the magic happen this Christmas DayInspire your children to help set the table, stage a pantomime and write thank-you letters this Christmas!
-
The best books of 2024 to give this ChristmasThe Week Recommends From Percival Everett to Rachel Clarke these are the critics' favourite books from 2024
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
-
Rupert Murdoch loses 'Succession' court battleSpeed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
-
Bitcoin surges above $100k in post-election rallySpeed Read Investors are betting that the incoming Trump administration will embrace crypto
-
Enron mystery: 'sick joke' or serious revival?Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
-
US charges Indian tycoon with bribery, fraudSpeed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
-
Boeing machinists approve contract, end strikeSpeed Read The company's largest union approved the new contract offer, ending a seven-week strike
-
US economy still strong in final preelection reportSpeed Read It grew at a solid 2.8% annual rate from July through September
-
Boeing machinists reject deal, continue strikeSpeed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
