Re:Did New York Lose Anything with Amazon’s Rejection? It’s ...
by coredog64 on Friday February 15, 2019 @08:00PM
(#19176272)
NYC tax revenue ebbs and flows on the strength of the finance industry (e.g. recent news that market slowdowns are showing up as a billion dollar shortfall in tax revenue). Google and Facebook are both ad-tech. Amazon would have brought a third major industry to town, something that could have worked to smooth out those tax revenue swings.
There will always be some megacorp looking to open up in NYC. Why diminish the return for the city?