It takes some serious grit to stare down subway rats every day and not start drafting a "Why I'm leaving New York" blog post. Apparently, Amazon didn't have it, New York City Mayor Bill de Blasio suggested Thursday.
Amazon will scrap plans to build a second headquarters in Queens following opposition from "a number of state and local politicians," it announced in a statement on Thursday. The company had promised to bring 25,000 jobs to New York, and was slated to receive $3 billion in state and city incentive packages. De Blasio helped orchestrate those incentives and seemed firmly on Amazon's side until Thursday, when he released a harsh statement saying Amazon "threw away" its shot at working with "the greatest city in the world."
Before Thursday, De Blasio had largely supported the deal, at one point deflecting questions about whether Amazon's investment would fix the city's broken subway system and suggesting ferries might be the best way to get to the new headquarters.
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.
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
