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Sat Feb 16, 2019, 02:01 PM

"Worst day for NYC since 9/11."

Eat the rich.

https://therealdeal.com/2019/02/15/lichtenstein-on-amazon-pullout-worst-day-for-nyc-since-9-11/

Lightstone Group’s David Lichtenstein said Friday that Amazon’s about-face on its New York megacomplex was the “worst day for NYC since 9-11.”

“Except this time, the terrorists were elected,” the developer added in an email to The Real Deal, in a dig to the politicians who fiercely criticized the tech giant’s deal with the city for the nearly $3 billion in tax breaks and government incentives it came with. On Thursday, Amazon cited pressure from the local politicians as its reason to abandon the deal for the Long Island City campus, which was to bring 25,000 new jobs to New York and would create, by some expectations, $27 billion in tax revenue over a decade.

(snip)

Lightstone is a major developer with a $3 billion portfolio across New York, Miami and Los Angeles. In Long Island City, Lightstone owns a 428-unit rental building less than two miles from where Amazon’s campus was set to rise.

Lichtenstein is among several industry figures who’ve addressed losing out on the Amazon campus, which the real-estate industry felt would be a major boost to both the residential and commercial markets. “The future of the neighborhood is still going to happen,” said Robert Whalen, Halstead’s director of leasing in Long Island City, “but Amazon could’ve accelerated the process.” Dave Maundrell, of Citi Habitats, said that without Amazon, “we’re back to where we were six months ago. The market’s gonna go back down.”

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Arrow 13 replies Author Time Post
Reply "Worst day for NYC since 9/11." (Original post)
WhiskeyGrinder Feb 2019 OP
PoliticAverse Feb 2019 #1
Ferrets are Cool Feb 2019 #3
workinclasszero Feb 2019 #11
hatrack Feb 2019 #2
SharonClark Feb 2019 #9
Downtown Hound Feb 2019 #4
TreasonousBastard Feb 2019 #5
WhiskeyGrinder Feb 2019 #6
TreasonousBastard Feb 2019 #7
onecaliberal Feb 2019 #8
Me. Feb 2019 #10
Yavin4 Feb 2019 #12
flotsam Feb 2019 #13

Response to WhiskeyGrinder (Original post)

Sat Feb 16, 2019, 02:03 PM

1. "Except this time, the terrorists were elected" - those opposing corporate welfare are "terrorists"

now, eh?

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Response to PoliticAverse (Reply #1)

Sat Feb 16, 2019, 02:06 PM

3. You nailed it. nt

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Response to PoliticAverse (Reply #1)

Sat Feb 16, 2019, 03:26 PM

11. Yep

 

Anyone trying to stop the raping of the American public by billionaire tax cheats demanding corporate welfare is now a terrorist!

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Response to WhiskeyGrinder (Original post)

Sat Feb 16, 2019, 02:05 PM

2. Asshole

.

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Response to hatrack (Reply #2)

Sat Feb 16, 2019, 02:57 PM

9. I second that.

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Response to WhiskeyGrinder (Original post)

Sat Feb 16, 2019, 02:07 PM

4. Awww...rich billionaires are upset.

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Response to WhiskeyGrinder (Original post)

Sat Feb 16, 2019, 02:16 PM

5. "...a major boost to both the residential and commercial markets." means...

rents go up again.

I am not sure we should take seriously the jeremiads spoken by the real estate industry.

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Response to TreasonousBastard (Reply #5)

Sat Feb 16, 2019, 02:17 PM

6. No, of course not. I was sharing for the ridiculous opening quote.

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Response to WhiskeyGrinder (Reply #6)

Sat Feb 16, 2019, 02:24 PM

7. Right, I get it. I'm just constantly amazed at how rising rents and...

housing shortages are a "good thing".

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Response to WhiskeyGrinder (Original post)

Sat Feb 16, 2019, 02:43 PM

8. This needs to happen a million more times.

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Response to WhiskeyGrinder (Original post)

Sat Feb 16, 2019, 03:16 PM

10. So I Guess The Banks Failing Was A Pretty Good Day Compared To This

not to mention Individual 1 getting elected and taking away our tax breaks.

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Response to WhiskeyGrinder (Original post)

Sat Feb 16, 2019, 03:29 PM

12. I cannot recall any business pulling out of a great business deal because one congressperson tweeted

or there was some opposition to it. Something just doesn't sit right with me.

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Response to WhiskeyGrinder (Original post)

Sat Feb 16, 2019, 06:09 PM

13. Republican Fuckheads are getting real loose with their name-calling

It's times like this I regret dueling was outlawed.

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