Will Amazon HQ2 plans move Seattle's housing crisis to the East Coast?

Will Amazon HQ2 plans move Seattle's housing crisis to the East Coast?

Will Amazon HQ2 plans move Seattle's housing crisis to the East Coast?

Meanwhile, Amazon has announced that Nashville, Tennessee, will become Amazon's fourth-biggest USA office outside Seattle, with more than 5,000 corporate jobs focused on technology and management for its retail operations unit.

Combined, the areas have agreed to $2.4bn (£1.8bn) in public support for the project, nearly half the $5.2bn that Amazon itself said it would invest in hiring 55,000 new employees and 9m square feet of office space.

According to a City of Arlington news release, National Landing is "a newly branded neighborhood encompassing parts of Pentagon City and Crystal City in Arlington and Potomac Yard in Alexandria".

The Nashville Operations Center is expected to deal primarily with "customer fulfillment, transportation, supply chain, and other similar activities".

"Amazon is an important part of Boston's economy, a large employer and a valuable partner who is actively hiring and expanding in Boston and the area", Boston Mayor Martin J. Walsh said in a statement.

In each case, the deal is largely the same - Amazon has reached performance-based direct incentive agreements with each city. As well, the company will receive a cash grant of $US325 million. Amazon said it will also apply for existing incentive programs that could add almost $1 billion to the subsidies from NY. A smaller complex, with up to 5,000 workers focused on logistics, will go to Nashville. Amazon can receive $573 million if they create 25,000 jobs with an average wage over $150,000 in Arlington.

What do the cities get in return for these payouts? "One of the things that makes housing so expensive here is that we have areas that are not zoned for higher levels of density". Cheerleading leaders should be talking about expanding affordable housing, social services, and transit-not to mention figuring out ways to train locals for the jobs Amazon brings. Each site will get 25,000 jobs. That's a significant influx of economic capital, and with it comes "all sorts of ripple effects beyond employing coders, sales executives, baristas, nannies and yoga instructors", according to Michael Kimmelman, writing for the Times. Amazon also has "personal contacts at economic development" in these cities and knows "the limit" of what it can expect from them, Jensen said.

Though the details vary in each deal, in all three cities, Amazon is planning to invest heavily in expansive, energy efficient office space.

EXTRAS: Virginia's contract with Amazon contains strict language on what the state can reveal through public records requests. Some locations tried to stand out with stunts, but Amazon made clear that it really wanted incentives, like tax breaks and grants.

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Ron Kim, a Democratic state assemblyman representing a legislative district a few miles east of Long Island City, said he will introduce legislation that would block the state's Amazon subsidies, though the exact mechanism to do this was unclear.

"I think they had this in mind from day one", Richard Florida, a University of Toronto urban studies professor who tracked the HQ2 process, told CBS News.

New York Democratic Assemblyman Ron Kim vowed to introduce legislation that would redirect the city's economic development subsidies to buying up and canceling student debt, Splinter News reported, effectively blocking Cuomo from offering taxpayer money to Amazon.

"These two locations will allow us to attract world-class talent that will help us to continue inventing for customers for years to come".

Of course, these are just the benefits of the deals Amazon did sign. Amazon has armed itself with unprecedented amounts of recon, data and insight on what these cities were willing to offer, and where these cities see themselves heading in the foreseeable future.

Critics aside, numerous vested interests in the winning cities cheered Amazon's arrival.

Amazon has done well, here, from the perspective of its shareholders.

"I'm going to have to get used to that name - National Landing", tweeted Eun Yang, a morning news anchor for NBC's local TV station in Washington.

"But instead of bailing out the people here in NY, our own Democratic governor is willing to give-transfer wealth out of NY and give it directly to the pockets of the richest man on the planet?"

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