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A comment on Amazon Pulls Out of Planned New York City Campus. Parent comment

Re:Amazon Pulls Out of Planned New York City Campus by wolco on Thursday February 14, 2019 @03:42PM (#19165789)
Other businesses can move into those spaces and will end up paying more in taxes. Property values will go up slower. Having one company move in sounds great but diversity might be a better longterm strategy.
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Re:Amazon Pulls Out of Planned New York City Campus by smsm42 on Thursday February 14, 2019 @05:07PM (#19166538)
> Other businesses can move into those spaces and will end up paying more in taxes

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.

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Re:Amazon Pulls Out of Planned New York City Campus by Apocryphon on Saturday February 16, 2019 @12:11PM (#19179581)
Time will tell.
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