Re:Open Letter from New York State Budget Director Robert Mu...
by chrismcb on Saturday February 23, 2019 @07:25PM
(#19236298)
Use of eminent domain is disgusting and that alone is enough to kill the deal IMHO. Using eminent domain for a private business is wrong. It seems like New York does that too often.
(Yes, some of that land is being purchased in a private sale, but its value is now significantly greater because of the city's rezoning and ability to stich-together workable parcels through eminent domain)Long island City residents aren't terribly happy about that.
Then there's the whole Excelsior tax credit scheme which Amazon really stretches. It's normally just 6.85% of wages per net new job. Amazon's is significantly greater. https://esd.ny.gov/excelsior-jobs-program