Looks like you do, because now we have - no discount, no business.
> It's not like the economic development of NYC is dependent on Amazon
Of course, losing several billions of added value and 25K jobs won't kill the economy of the size of New York. Just as shooting oneself in the foot won't kill most healthy people. But keep at it, and sooner or later there would be a surprising development that the health is not what it once was...
Not the business that was conditional on the discount.
https://www.nycedc.com/program/relocation-and-employment-ass...
https://www.nycedc.com/program/industrial-commercial-abateme...
It doesn't make a lot of sense for a city to offer incentive programs and then complain when companies attempt to use them. The city should make up its political mind about what incentive programs are available, and who qualifies for them, as part of the decision about whether to offer such programs. Programs should then be implemented neutrally, in a way that does not play favorites or pick winners and losers. Many other companies have benefited from these programs - the entire point of these programs is to achieve some kind of policy objective by being used.
The uproar in this case seems more like political brinkmanship, not any kind of sound economic policy designed to benefit the constituents of the city. These incentive programs were presumably passed in the first place to benefit constituents - that's why they're there, to attract additional investment to areas of the city that otherwise would not receive it. ("The Relocation and Employment Assistance Program (REAP) provides a refundable business tax credit for commercial and industrial businesses relocating to designated areas of New York City and making capital improvements to their space")
If people in NYC think that these incentive programs are a bad idea, harmful, inappropriate, or whatever else, then they should direct their anger at their political representatives, and cancel those incentive programs - not direct anger at the companies who take up the offer that the city put forward.
The first is likely, the second is very unlikely. For the simple reason that Amazon would not plan such project in a market that is so hot that is able to generate tax income at the same rate as concentrated investment project of the Amazon HQ size. Surely, it won't turn into a barren wasteland, but I would not expect it to produce more in tax revenue than big development like Amazon HQ would.
When I was 16 LIC was a pretty sketchy place, but as of a few years ago when I lived there it was completely different. There is still some light industry related to food trucks and taxi cabs, but you have to walk pretty far to get to anything more significant. The only sketchy area I can think of is the Queensbridge projects but that is north of the 59th st. bridge and pretty far from the rest of the neighborhood.
A business choosing a location is a business transaction, as is city taxation choices. Both can freely choose how to woo the other.
NYC chose to lose possible decades of high paying jobs over their unwillingness to deal.
Other cities are not so fortunate, but Amazon has no interest in truly desperate cities (or even cities that are not so desperate but could use the boost, like Newark and Baltimore).
Amazon’s role is not charity. It is to be as productive as possible. NYC does have the role in being a good steward of resources for its citizens. It threw out a lot of money and job for them due to a vocal minority.
No wonder Gianaris, who represents our district in the NY Senate, was such a strong opponent.