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(22,861 posts)
Sat Feb 16, 2019, 02:01 PM Feb 2019

"Worst day for NYC since 9/11."

Eat the rich.


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.


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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(28,270 posts)
11. Yep
Sat Feb 16, 2019, 03:26 PM
Feb 2019

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


(43,049 posts)
5. "...a major boost to both the residential and commercial markets." means...
Sat Feb 16, 2019, 02:16 PM
Feb 2019

rents go up again.

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


(43,049 posts)
7. Right, I get it. I'm just constantly amazed at how rising rents and...
Sat Feb 16, 2019, 02:24 PM
Feb 2019

housing shortages are a "good thing".


(35,454 posts)
10. So I Guess The Banks Failing Was A Pretty Good Day Compared To This
Sat Feb 16, 2019, 03:16 PM
Feb 2019

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


(35,570 posts)
12. I cannot recall any business pulling out of a great business deal because one congressperson tweeted
Sat Feb 16, 2019, 03:29 PM
Feb 2019

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


(3,268 posts)
13. Republican Fuckheads are getting real loose with their name-calling
Sat Feb 16, 2019, 06:09 PM
Feb 2019

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

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