(NEW YORK, NY) — Amazon has canceled its move to Long Island City.
“After much thought and deliberation, we’ve decided not to move forward with our plans to build a headquarters for Amazon in Long Island City, Queens,” said an Amazon spokeswoman in a statement.
Locals and politicians protested the move claiming it would negatively impact taxpayers and the neighborhood.
Back in November, Amazon chose Northern Virginia and New York City as the locations of it split second headquarters. New York State committed to $1.525 billion in incentives, contingent on the company creating 25,000 new jobs with an average salary of $150,000.
Critics immediately opposed the deal protesting that it has set the precedent of giving large companies billions of dollars to move to New York City.
According to Amazon, locals made it clear that the company was not wanted.
We spoke directly with Robert Whalen, Halstead’s Director of Sales in Long Island City, about what this means for Long Island City.
“It’s unfortunate that so many people didn’t see the long term benefits of having amazon has our neighbor. Long Island City is a great place to invest in real estate and having Amazon in the mix would have helped to further validate that,” Said Robert.
And while the 25,000 jobs and promises to build atop an already forward-moving community will certainly be a hard loss for the company’s supporters, Robert is confident that it will not impact the value of the neighborhood.
“The convenience and the quality of life in Long Island City won’t change. Long Island City is one of a kind, there isn’t another place like it. Amazon would have helped with the acceleration of Long Island City, but we will continue to grow without it.”
Will Amazon’s decision impact the market? Robert does not believe it will.
“People invest in Long Island City because they see the long term benefits of the neighborhood. It was a great place to invest before Amazon came and it will be a great place to invest without Amazon. There are a few deals that haven’t been closed yet and those will be interesting to watch. However, I would tell those in contract that the value of Long Island City hasn’t changed. In fact, with all of the publicity the neighborhood has received over the past few months, the value has gone up. It’s unfortunate that we won’t have amazon, but there will be more. People recognize Long Island City because it is an incredible place to live. Amazon would have been a great anchor to the neighborhood, but the publicity and intro we have gotten from all of this will only help the growth of the community.”