Amazon HQ2 in STL Effort

New and changing stores, restaurants, and businesses in the City of St. Louis
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NYC, DC, and Nashville will be getting HQ's.
These places will now rapidly become unaffordable. The more I learn about HQ234, the more I am thankful that St. Louis did not get this. The harms that will come from landing these will be significantly worse than any benefits that I think these locations will be getting.

Anyone else have thoughts on it?
Nashville getting 5,000 corporate amazon jobs. Not a HQ prize but still significant. They are giving up a lot of incentives but it is too bad we couldn't have gotten something like that. It would have been a nice boost.

https://www.tennessean.com/story/money/ ... 986508002/
This is reason/lesson #1,986 why we need a unified government across as much of the metro area as possible. At the very least we can cooperate on big items.
I wanted the jobs for STL. I can't think of any scenario where the bad outweighs the good. St. Louis needs a big win and has plenty of space to house the workers. I am even okay at this point with incentivizing more than they probably should to get one big win to bring in NEW jobs and get the ball rolling to change the perception.

The idea that we are going to worry about things becoming un-affordable here is silly. I guess we just should hope for no job growth, so that things don't get more expensive. Downtown has lost a ton of jobs (we have a huge empty building), I think there is plenty of room for it to absorb more before we have to worry about a West/East coast affordability problem. I, for one, think that would be a good problem to have. Once we get back up to population levels in the city from 50 years ago, then maybe we can worry about that.
Chalupas54 wrote:
Tue Nov 13, 2018 9:28 am
NYC, DC, and Nashville will be getting HQ's.
These places will now rapidly become unaffordable.
Anyone else have thoughts on it?
"Amazon's move to Long Island sparks condo frenzy"

https://www.msn.com/en-us/money/realest ... spartanntp
^ I might have to grab a wall street journal just to read about the divide big tech companies are creating. Their is a huge difference for better or worse as someone who went from Chicago to St. Louis to now the Bay Area in the last twenty years.

I was lucky to move to the bay area and afford a house in nice area before the latest boom in tech jobs but its amazing just to see how much construction has spilled into Oakland the last couple of years let alone San Fran & Silicon Valley and the escalation in traffic & price increase.that has come with it

https://www.wsj.com/articles/big-cities ... _lead_pos4

Decisions by Amazon.com Inc. and Alphabet Inc.’s Google to add tens of thousands of jobs to New York and the Washington area reflect a growing divide in the U.S.

A few big cities, particularly on the coasts, are soaking up high-tech talent and are also becoming wealthier, more liberal and more ethnically diverse—shifting the economic, political and cultural landscape of the nation.
Has anyone brought up the idea that this was the plan all along? Get multiple cities to bid, then break it up into three cities to reap way more incentives?
^ yeah, articles like that started appearing as soon as the 2-location decision started circulating–a few days before the official 3-location announcement. in particular people bringing up the fact that Amazon is still seeking full incentives from each place for 1/3 the HQ.
ImprovSTL wrote:
Thu Nov 15, 2018 9:11 am
Has anyone brought up the idea that this was the plan all along? Get multiple cities to bid, then break it up into three cities to reap way more incentives?
I don't know that incentives were really a driving factor here. I think the competition between the 200+ cities was so Amazon could basically build a database filled with information that most people don't even know about their own cities. North American cities just gave Amazon a virtual treasure trove of information, free of charge. Amazon will use this to extort concessions when it comes to building distribution and data centers and other potential offices in the future.

If incentives were the factor then why not pick NJ or Maryland? Those two each offered over $6 billion, NJ over $7 billion I believe. VA's incentives will clock in at about $1 billion and change, NYC around $3 billion and Nashville (I'd hardly call that an HQ announcement) is around $100 million (all this is based on what I've seen so far). This is still a boatload of money, but not anywhere close to what they could have extracted from another state. If it was about incentives, Amazon lefts billions upon billions on the table.

The whole thing was a sham. The writing was on the wall from the start if you ask me. Bezos owns a $23 million mansion in DC and the Washington Post and lo and behold 3 DC locations made the short list. He was going home all along...he just decided to take everyone else along for the ride.
The Mayor wrote:
Sat Nov 17, 2018 3:07 pm
ImprovSTL wrote:
Thu Nov 15, 2018 9:11 am
Has anyone brought up the idea that this was the plan all along? Get multiple cities to bid, then break it up into three cities to reap way more incentives?
The whole thing was a sham. The writing was on the wall from the start if you ask me. Bezos owns a $23 million mansion in DC and the Washington Post and lo and behold 3 DC locations made the short list. He was going home all along...he just decided to take everyone else along for the ride.
Add in the fact that DC area is home to one of the biggest buyers in the world in the Federal Government itself as well as the fact that Amazon is huge provider of cloud space to the US Government. It made a lot of sense to ramp up its presence in the DC area just as made a lot of sense for him to grab the Wash Post when the opportunity to arise. This guy is sharp. So it was just a matter of picking the sites on the short list and then deciding from there. I think in time they will rename differently at end of day, maybe Seattle becomes world HQ, New York becomes NA HQ and DC will be DC

Arlington/Crystal City has the advantage of a lot of existing space available and an office tower coming available after a major corporate move out. The office tower becoming empty bit should sound familiar to those in St. Louis. Time for city and state to reorganize a corporate campus package, incentive deal based around the One ATT center, parking garage & City Garden touch up or mid size tech satelite office, 2500 to 5000 employees (think Amazon and Nashville). San Fran just past its corporate head tax and the biggest vocal opponent was Jack Dorsey himself. Twitter could easily break up its org, with NA HQ at One Twitter Center in the middle of the country.


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^ Agree with the AT&T package/campus idea. However, adding Citygarden to the mix might not be allowed. A city vote is required to develop any parkland if I'm not mistaken. Besides, Citygarden is a gem, not sure I'd want to see it turned over to a private corporation.

Also, from what I read about the San Francisco tax, Dorsey said he had no real problems with it from Twitter's perspective. It was more related to Square. Which could still be good for St. Louis. With that tax passing I could see him giving Square's HQ in St. Louis a serious look.
The Mayor wrote:
Sat Nov 17, 2018 6:59 pm
^ Agree with the AT&T package/campus idea. However, adding Citygarden to the mix might not be allowed. A city vote is required to develop any parkland if I'm not mistaken.
I was thinking in terms of a hard commitment to spend a few million dollars sprucing up Citygarden, replace sidewalks in the immediate area, etc. Not really turning it over.

At the moment, committing several million dollars in the immediate area for an empty office tower shouldn't be a priority. But a company willing to put several thousand jobs downtown is worth a change in priorities.
Why Losing Out on Amazon HQ2 Isn't So Bad for Cities
A new study points to evidence that luring a large corporation isn’t the best way to spur job growth.
http://www.governing.com/topics/finance ... te-lc.html
Is Amazon being chased out of New York?

https://www.washingtonpost.com/local/vi ... nal&wpmk=1
framer wrote:
Fri Feb 08, 2019 11:53 am
Is Amazon being chased out of New York?

https://www.washingtonpost.com/local/vi ... nal&wpmk=1

My two cents is they run with Philly. Philadelphia/Amtrak has a big redevelopment proposal in the works and would be a perfect fit for Amazon H2Q to plop itself on top of the northeast rail corridor with quick access into DC (plus no worries of a train tunnel being flooded by Hudson River because NY/NJ too busy trying to get Feds to pay for it all). The only thing for Philly is airport sucks with any kind of weather but can say the same for New York.
My guess is they end up staying in New York, but I would hazard a guess that Nashville stands to gain if they end up really switching things up.
Amazon Cancels Plan To Open NYC Campus In Queens
http://gothamist.com/2019/02/14/amazon_ ... campus.php

Elated Activists Party In Queens To Celebrate Amazon's Withdrawal: 'That Old Model Is Done'
http://gothamist.com/2019/02/15/amazon_ ... hp#photo-1

'This Is Devastating': LIC Real Estate Brokers React To Amazon's Reversal
http://gothamist.com/2019/02/14/amazon_ ... te_lic.php

Why Amazon bailed on its NYC Headquarters
https://nymag.com/intelligencer/2019/02 ... rters.html

Amazon made an $11.2bn profit in 2018 – and its federal tax bill is $0
Company is not paying a single cent in taxes for the second year in a row, due to various unspecified ‘tax credits’ and executive stock options
https://www.theguardian.com/technology/ ... ons-profit
Looking like we dodged a bullet with Amazon.
I believe Amazon worked a fraud over every state and major municipality in the country.

I don't believe any of this was done in good faith.

I would like to see AGs from across the country sue amazon
Amazon’s Retreat and the New Politics of Tech
What Amazon pulling out of Queens means for the urban growth machine
https://www.theatlantic.com/technology/ ... ns/582838/
The folks at New York YIMBY are furious:

"After Slaughtering 40,000 New Jobs, Progressive NIMBYs Are New York City’s Number One Enemy"

https://newyorkyimby.com/2019/02/after- ... enemy.html
^ NYC adds close to 80,000 jobs per year. My god, Amazon was a drop in the bucket for a city and region like that. They'll be fine.

It also seems many are ignoring that Amazon has said they will continue to expand at their already existing facilities in NYC...without incentives!