AMAZON GOES TO NYC WITHOUT BILLIONS IN PUBLIC SUBSIDIES, PROVING OCASIO-CORTEZ RIGHT

[RandomGuy]

Rep. Alexandria Ocasio-Cortez (D-N.Y.) outraged her right-wing critics earlier this year when she helped block Amazon from getting billions of dollars in public subsidies from New York City to move there. Now the company is moving there anyway, and taxpayers get to keep their money.

Conservatives accused Ocasio-Cortez of killing 25,000 jobs by making sure the public did not have to shell out billions of dollars to the trillion-dollar company, which is owned by billionaire Jeff Bezos. They warned that no company should be denied public funding because such an action would prevent companies from moving in. They accused her of interfering with free-market capitalism, which when you think about it, isn’t really free if the public has to pay a company to move in.

But it turns out that all their gloom and doom warnings and accusations were wrong, because Amazon announced that it is coming to NYC anyway without the subsidies.

Why?

Because they can afford to do so without fleecing the public as most companies can do.

According to the Wall Street Journal:


The giant online retailer said it has signed a new lease for 335,000 square feet on the city’s west side in the new Hudson Yards neighborhood, where it will have more than 1,500 employees. Amazon is taking the space without any of the special tax credits and other inducements the company had been offered to build a new headquarters in the Queens neighborhood of Long Island City, the company said. The new lease represents Amazon’s largest expansion in New York since it stunned the city by abandoning those earlier plans. Amazon pulled back after facing a backlash from some politicians and activists over the roughly $3 billion in financial incentives the city and state had extended to woo the company and the 25,000 new jobs it had pledged to create.

The company is now renting office space and is creating 1,500 jobs to start, well on pace for the 25,000 jobs promised over ten years.

As for the lawmaker who made this happen, Ocasio-Cortez took a moment to mock her critics on Twitter just a week after gutting Republican talking points about free college education on the same platform.



https://www.lancastercourier.com/2019/12/07/amazon-goes-to-nyc-without-billions-in-public-subsidies-proving-ocasio-cortez-right

[ChumpDumper]

Yeah, Amazon especially needs New York. Pretty glad the city of Austin is closing the giveaway spigot a bit, though other entities are lining up to bend over like Williamson County did for the new Apple ranch.

[DarrinS]

3 billion in subsidies for 27 billion in tax revenues? OP is an accountant, right?

And, rather than build a huge campus in HER district (6-8 million square feet), they are leasing space outside her district in Manhattan (335 thousand square feet). What a huge win for AOC.

:lmao

[DarrinS]

3 billion in subsidies for 27 billion in tax revenues? OP is an accountant, right?

And, rather than build a huge campus in HER district (6-8 million square feet), they are leasing space outside her district in Manhattan (335 thousand square feet). What a huge win for AOC.

:lmao


Actually, Long Island City is just outside AOC's district. My bad.

Still dumb for her to victory lap over this.

[boutons_deux]

these projects, like sports $Bs mega-stadiums, paid for by taxpayer muni debt (BigFinance enriched) and untaxef, then handed to for-profit owners who pay little or no taxes, have been proved repeatedly to be huge ripoff.

I'm sure BigFinance/oligarchy $10Ms will be spent to defeat all The Squad ASAP, just like BigFinance, with DNC help, will block Liz Warren

iow

America will stay fucked and unfuckable.

[Chris]

IMAGINE STARTING A THREAD IN ALL CAPS TO DEFEND AOC AND GETTING DEBUNKED IN POST #3 :lmao

[ChumpDumper]

3 billion in subsidies for 27 billion in tax revenues? OP is an accountant, right?

And, rather than build a huge campus in HER district (6-8 million square feet), they are leasing space outside her district in Manhattan (335 thousand square feet). What a huge win for AOC.

:lmaoThe proposed site was not in AOC's district.

What reliable news source told you it was, Darrin?

[DarrinS]

The proposed site was not in AOC's district.

What reliable news source told you it was, Darrin?

See post #4

[ChumpDumper]

See post #4What reliable news source told you it was there?

Or did you just come up with that beauty yourself?

[Chris]

Chump's definition of "reliable news source" includes NYT and WaPo so there's nothing you can post to counter his dissonance.

[ChumpDumper]

Chump's definition of "reliable news source" includes NYT and WaPo so there's nothing you can post to counter his dissonance.You think Gateway Pundit is a reliable source and I just showed you what they covered up.

You're a gullible rube, Qhris.

[TheGreatYacht]

IMAGINE STARTING A THREAD IN ALL CAPS TO DEFEND AOC AND GETTING DEBUNKED IN POST #3 :lmao


Actually, Long Island City is just outside AOC's district. My bad.

[Chris]

https://twitter.com/robbystarbuck/status/1203145284601208832?s=19
https://twitter.com/CalebJHull/status/1203108567110291457?s=19


:lmao

[Isitjustme?]

Warehouse would have created 25k jobs this created only 1.5k

[ChumpDumper]

https://twitter.com/robbystarbuck/status/1203145284601208832?s=19
https://twitter.com/CalebJHull/status/1203108567110291457?s=19


:lmao

:lol that's Darrin's reliable source!

:lmao thanks Qhris!

[ChumpDumper]

Warehouse would have created 25k jobs this created only 1.5k

If you think they'll never hire any more people ever, sure.

[DarrinS]

1203365367403491329

1203365368724635649

1203365369496428545

1203365370205261826

1203365370922487808

1203365371799056385

1203365794534625282

1203365795469942784

[Chris]

RandomGay MIA :lmao

[ChumpDumper]

The claim is AOC will never be able to prove business will make money in NYC in the future.

OK.

[boutons_deux]

And no doubts, the Amazon promise about jobs, like nearly these BigCorp promises, won't be realized, and they wouldn't be punished.

[koriwhat]

lol because 1500 employees looks more like 25000+ employees... lol RG bought it hook, line, and sinker by the retard bartender AOC.

[Isitjustme?]

If you think they'll never hire any more people ever, sure.

Sure theyll create them in other cities

[ChumpDumper]

Sure theyll create them in other cities

Why did they hire any in NYC then?

[Reck]

Yeah, Amazon especially needs New York. Pretty glad the city of Austin is closing the giveaway spigot a bit, though other entities are lining up to bend over like Williamson County did for the new Apple ranch.

This is a stretch.

Amazon operates internationally. A city, as big as NY is is a drop in a bucket to them at the end of the day.

Still good to have these secured jobs though. The more the better.


Warehouse would have created 25k jobs this created only 1.5k

This is also off the mark. The company said it would try to go for that target. Saying so it’s not so.

These 1500 jobs are actually guaranteed which makes all the difference.

[Spurtacular]

3 billion in subsidies for 27 billion in tax revenues? OP is an accountant, right?

:lmao A shitty one.
:lmao And a cuck first and foremost.

[ChumpDumper]

This is a stretch.

Amazon operates internationally. A city, as big as NY is is a drop in a bucket to them at the end of the day.Amazon needs more local operations than most companies. Just how it works. They're not going to pull out of the place.

[DMC]

This is a stretch.

Amazon operates internationally. A city, as big as NY is is a drop in a bucket to them at the end of the day.

Still good to have these secured jobs though. The more the better.



This is also off the mark. The company said it would try to go for that target. Saying so it’s not so.

These 1500 jobs are actually guaranteed which makes all the difference.

WTF

How much gas lighting can you folks do to try to salvage some dignity for this girl? 1500 jobs is better than 25,000 jobs because "a bird in the hand"? This is Amazon, they aren't a startup company hoping for big things.

[AaronY]

WTF

How much gas lighting can you folks do to try to salvage some dignity for this girl? 1500 jobs is better than 25,000 jobs because "a bird in the hand"? This is Amazon, they aren't a startup company hoping for big things.
Somebody's gotta save us from the billionaires bro. Leftism rose twitter 101.

[TheGreatYacht]

How a grassroots Seattle movement delivered Amazon a major loss

https://youtu.be/zOMkcxk_-zA

Keep defending Amazon and it's billionaire owner Jeff Bezos :lol.

Billionaire corporations should get ZERO tax subsidies. No more socialism for billionaires. Period.

:bobo

[boutons_deux]

How a grassroots Seattle movement delivered Amazon a major loss
[video=youtube_share;zOMkcxk_-zA]
Billionaire corporations should get ZERO tax subsidies. No more socialism for billionaires. Period.

BigCorp buys the socialism. It's cheap from cheap govts at all levels. Unstoppable, like the climate catastrophe.

[RandomGuy]

Yeah, Amazon especially needs New York. Pretty glad the city of Austin is closing the giveaway spigot a bit, though other entities are lining up to bend over like Williamson County did for the new Apple ranch.

It almost never really pays out from the standpoint of the governments that offer the subsidies.

[RandomGuy]

3 billion in subsidies for 27 billion in tax revenues? OP is an accountant, right?

And, rather than build a huge campus in HER district (6-8 million square feet), they are leasing space outside her district in Manhattan (335 thousand square feet). What a huge win for AOC.

:lmao

Companies almost never really live up to what they promise for the subsidies they get.

You have almost no case to make that anything promised would ever really materialize.

[RandomGuy]

WTF

How much gas lighting can you folks do to try to salvage some dignity for this girl? 1500 jobs is better than 25,000 jobs because "a bird in the hand"? This is Amazon, they aren't a startup company hoping for big things.

Amazon made, what, 11Bn in profit last year.

How much did they pay in taxes on that?

[SpursforSix]

Amazon made, what, 11Bn in profit last year.

How much did they pay in taxes on that?

And then what? Are you going to be happy when they pay taxes but you have to pay 10% more for your butthole vibrator?

[ChumpDumper]

The argument here is that LIC will now become a ghost town and will never have an economic development because Amazon was afraid to negotiate.

It's cute.

[TheGreatYacht]

And then what? Are you going to be happy when they pay taxes but you have to pay 10% more for your butthole vibrator?

No dude. Tax the filthy rich, the elite billionaires and lower or keep taxes the same for the working class. Let these billionaire elites fund their own Zionist wars and terrorist coups in Latin America. Put government power in the hands of the working class.

[RandomGuy]

And then what? Are you going to be happy when they pay taxes but you have to pay 10% more for your butthole vibrator?

The rich fucks that own the goddamned country should fucking pay for the country that they are stealing all the wealth from, yes.

Put the screws to these fuckers. I want to hear them screaming bloody murder that they can't afford a third $100,000,000 mansion or massive yacht.

[RandomGuy]

And then what? Are you going to be happy when they pay taxes but you have to pay 10% more for your butthole vibrator?

Seriously:

How much of the country's total wealth do you think the top 20% of income earners have? Take a guess.

[koriwhat]

How a grassroots Seattle movement delivered Amazon a major loss

https://youtu.be/zOMkcxk_-zA

Keep defending Amazon and it's billionaire owner Jeff Bezos :lol.

Billionaire corporations should get ZERO tax subsidies. No more socialism for billionaires. Period.

:bobo

funny thing is, these same socialists probably all have accounts with amazon and buy a bunch of their shit from bezos.

down with capitalism but up with apple and all our other shit products/brands we love!

[SpursforSix]

Seriously:

How much of the country's total wealth do you think the top 20% of income earners have? Take a guess.

I don't even give enough of a shit to look it up. Getting mad about it and ranting on a sports message board is pretty futile.

[SpursforSix]

Seriously:

How much of the country's total wealth do you think the top 20% of income earners have? Take a guess.

a billion percent?

[Reck]

WTF

How much gas lighting can you folks do to try to salvage some dignity for this girl? 1500 jobs is better than 25,000 jobs because "a bird in the hand"? This is Amazon, they aren't a startup company hoping for big things.

Put the burger down. I simply said Amazon is a massive international operated company and being in New York is not something they necessarily need. They're not hurting for money after all.

And the other thing I said was that 1500 jobs now are better than 25k pledge ones that may or may not ever happen. That's hardly defending AOC which I dont even like.

[RandomGuy]

I don't even give enough of a shit to look it up. Getting mad about it and ranting on a sports message board is pretty futile.

Fair enough.

You dont' give a shit that the wealthy fucks that own everything are stealing from you. Can I borrow your debit card too?

[DMC]

Amazon made, what, 11Bn in profit last year.

How much did they pay in taxes on that?

Do you care how much your employer pays in taxes? 25K jobs means 25K people pay taxes. The company pays taxes on profits, not revenue, and like all good corporations they take deductions for depreciation.


Are you saying Amazon bringing 1500 jobs in NYC is going to bring in more taxes than if they brought in 25000 jobs? Are you math retarded?

If 1500 jobs is good, then 25000 jobs is better, and given the structure of the agreement, there wasn't much risk involved for NYC.

AOC fucked up.

[DMC]

Put the burger down. I simply said Amazon is a massive international operated company and being in New York is not something they necessarily need. They're not hurting for money after all.

And the other thing I said was that 1500 jobs now are better than 25k pledge ones that may or may not ever happen. That's hardly defending AOC which I dont even like.

That second part is stupid. 1500 jobs is child's play compared to even 10K jobs. Again, you seem to imply that Amazon is a risky proposition. This is after all the cities spent millions courting them and making provisions to attract them.

You folks are fucking stupid.

[DMC]

Seriously:

How much of the country's total wealth do you think the top 20% of income earners have? Take a guess.

Do you think Bezos sat around on obscure sports forums running his suck about political injustices all his life, while doing not a fucking thing about anything? That's what you've done and why you have shit to show for it.

[RandomGuy]

Do you care how much your employer pays in taxes? 25K jobs means 25K people pay taxes. The company pays taxes on profits, not revenue, and like all good corporations they take deductions for depreciation.


Are you saying Amazon bringing 1500 jobs in NYC is going to bring in more taxes than if they brought in 25000 jobs? Are you math retarded?

If 1500 jobs is good, then 25000 jobs is better, and given the structure of the agreement, there wasn't much risk involved for NYC.

AOC fucked up.

1500 jobs with no incentives. No cost, all benefit.

25000 jobs that would have cost BILLIONS of dollars. Lots of cost, lots of benefit. (some additional costs beyond the pure incentives are noted in the marketwatch article)


Winning the bidding war for Amazon’s AMZN, -0.12% secondary corporate headquarters came with a steep price tag — $3.4 billion.
https://www.marketwatch.com/story/what-amazons-hq2-means-for-taxpayers-in-new-york-and-virginia-2018-11-14

3.4bn/25,000= 136,000 per job, cost.



How Amazon’s HQ2 incentives stack up
While $3.4 billion is nothing to sniff at, Amazon had reportedly received better offers. Maryland was offering $8.5 billion in tax and infrastructure incentives to Amazon as part of the bid for Montgomery County, while New Jersey was offered $7 billion in incentives as part of its Newark proposal.

“These regions were not chosen by Amazon for tax breaks,” said Heather Redman, managing partner at venture capital firm Flying Fish Partners and the former chair of the Seattle Metropolitan Chamber of Commerce. “These regions were chosen because this is where the talent currently lives or wants to live.”

Sorry. It wasn't the tax breaks that really sunk the deal, and the cost/benefit wasn't nearly as clear cut as the propaganda cool-aid you drink says it was.

That is math.

[SpursforSix]

Fair enough.

You dont' give a shit that the wealthy fucks that own everything are stealing from you. Can I borrow your debit card too?

So you’re saying that the top 20% are wealthy fucks? That sounds like bullshit.

[pgardn]

Chump's definition of "reliable news source" includes NYT and WaPo so there's nothing you can post to counter his dissonance.

Ill take those two, especially on foreign affairs. Throw in the WSJ as well.

What do you have for us Chris?

[TheGreatYacht]

Ill take those two, especially on foreign affairs. Throw in the WSJ as well.

What do you have for us Chris?

He has all the ones on my signature tbh...

[DMC]

1500 jobs with no incentives. No cost, all benefit.

25000 jobs that would have cost BILLIONS of dollars. Lots of cost, lots of benefit. (some additional costs beyond the pure incentives are noted in the marketwatch article)


https://www.marketwatch.com/story/what-amazons-hq2-means-for-taxpayers-in-new-york-and-virginia-2018-11-14

3.4bn/25,000= 136,000 per job, cost.




Sorry. It wasn't the tax breaks that really sunk the deal, and the cost/benefit wasn't nearly as clear cut as the propaganda cool-aid you drink says it was.

That is math.
One thing for certain, you're not a economic adviser.

The deal sunk. AOC took credit for sinking it saying it was the tax breaks.. but you're saying it wasn't. That makes her look even more stupid.

What's your point? NYC lost 23500 jobs but ooh those 1500 eh?

How do jobs cost billions of dollars? Cost whom? If I gave you a tax break if you bought 25 million worth of merchandise from me (or in your case, 25 dollars worth), would I be losing money vs only selling you 1.5 million without tax breaks (or in your case 1.50 cents)?

On one hand I make millions and give you a tax break proportional with my profit, but on the other I don't make shit but I get that moral victory over Mr Big Pockets.

[DMC]

Companies almost never really live up to what they promise for the subsidies they get.

You have almost no case to make that anything promised would ever really materialize.

You think NYC was going to hand Amazon 3 billion on a promise? :lol

[DMC]

1500 jobs with no incentives. No cost, all benefit.

25000 jobs that would have cost BILLIONS of dollars. Lots of cost, lots of benefit. (some additional costs beyond the pure incentives are noted in the marketwatch article)


https://www.marketwatch.com/story/what-amazons-hq2-means-for-taxpayers-in-new-york-and-virginia-2018-11-14

3.4bn/25,000= 136,000 per job, cost.




Sorry. It wasn't the tax breaks that really sunk the deal, and the cost/benefit wasn't nearly as clear cut as the propaganda cool-aid you drink says it was.

That is math.

From the same article you cherry picked that quote from:

However, the majority of the tax breaks and grants Amazon would have received were contingent on the company fulfilling its promises regarding hiring and occupying commercial real estate.

To that end, the offers Amazon accepted from New York and Virginia were “set up in the least harmful way,” Friedfel said. These requirements would have prevented Amazon from reaping the benefits of the incentives and then simply abandoning ship.

[ElNono]

The pushback is not very complicated: This is a company that largely produces low-skill jobs, with an outlook to be replaced by robots in the near future, and it's a company that does a bang up job destroying any kind of unionization attempt. Add that this is the North East, they're not that dumb nor desperate over there. Most of those kind of jobs end up in Pennsylvania (IIRC, Amazon has a warehouse there already).

All that said, this was probably much better than the FoxConn deal anyways... now, that's a disaster...

[RandomGuy]

From the same article you cherry picked that quote from:

However, the majority of the tax breaks and grants Amazon would have received were contingent on the company fulfilling its promises regarding hiring and occupying commercial real estate.

To that end, the offers Amazon accepted from New York and Virginia were “set up in the least harmful way,” Friedfel said. These requirements would have prevented Amazon from reaping the benefits of the incentives and then simply abandoning ship.

OMG, you actually read something.

Color me shocked.

Readily acknowledged. The offers of corporate welfare here were structured to do the least harm, and offered the most guarantee that they would be fulfilled.

[RandomGuy]

So you’re saying that the top 20% are wealthy fucks? That sounds like bullshit.

I know they control almost all of the wealth of hte country. The very top control more wealth than hundreds of millions of the rest of us.

They pay very well for propaganda that fools a lot of useful idiots into thinking that they aren't being stolen from.

[TheGreatYacht]

I know they control almost all of the wealth of hte country. The very top control more wealth than hundreds of millions of the rest of us.

They pay very well for propaganda that fools a lot of useful idiots into thinking that they aren't being stolen from.

These same fools are brainwashed to defend them and feel sorry for them.

[Chucho]

I wonder how many of the phony moralists (politicians and citizens) celebrating this would cave in and let a sports team strong arm a city for a new arena, which happens with disgusting regularity. Probably most.

Murican Moralists :lol

[TheGreatYacht]

I wonder how many of the phony moralists (politicians and citizens) celebrating this would cave in and let a sports team strong arm a city for a new arena, which happens with disgusting regularity. Probably most.

Murican Moralists :lol

My old government teacher in college hated the Spurs. Someone asked him why. He said because their stadiums are funded by public tax payer money. That professor was principled :tu

[koriwhat]

I wonder how many of the phony moralists (politicians and citizens) celebrating this would cave in and let a sports team strong arm a city for a new arena, which happens with disgusting regularity. Probably most.

Murican Moralists :lol

truth is, 99.99% would and have already.

[RandomGuy]

One thing for certain, you're not a economic adviser.

The deal sunk. AOC took credit for sinking it saying it was the tax breaks.. but you're saying it wasn't. That makes her look even more stupid.

What's your point? NYC lost 23500 jobs but ooh those 1500 eh?

How do jobs cost billions of dollars? Cost whom? If I gave you a tax break if you bought 25 million worth of merchandise from me (or in your case, 25 dollars worth), would I be losing money vs only selling you 1.5 million without tax breaks (or in your case 1.50 cents)?

On one hand I make millions and give you a tax break proportional with my profit, but on the other I don't make shit but I get that moral victory over Mr Big Pockets.

One thing for certain, you're not an economic adviser.

[ChumpDumper]

I wonder how many of the phony moralists (politicians and citizens) celebrating this would cave in and let a sports team strong arm a city for a new arena, which happens with disgusting regularity. Probably most.

Murican Moralists :lol

I've noted how ridiculous that is. I'm glad Austin pushed back at least some after righteous backlash against a complete giveaway proposal to an MLS team.

[Chucho]

I've noted how ridiculous that is. I'm glad Austin pushed back at least some after righteous backlash against a complete giveaway proposal to an MLS team.

Makes me sick when I hear about it. It's basic extortion right in public when teams pull this crap.

In regards to Austin...if I was in a little-big city that's growing and could really use it's first professional team, I would be onboard with the right plan for the right sport/team if the city can truly use a new venue that is multi-purpose. Unsure how flexible a soccer stadium would be in generating the city revenues with other events there.

[ChumpDumper]

Makes me sick when I hear about it. It's basic extortion right in public when teams pull this crap.

In regards to Austin...if I was in a little-big city that's growing and could really use it's first professional team, I would be onboard with the right plan for the right sport/team if the city can truly use a new venue that is multi-purpose. Unsure how flexible a soccer stadium would be in generating the city revenues with other events there.The F1 track has been mostly state giveaways and that has concerts and other activities but still in the middle of nowhere and a traffic nightmare, so meh.

The original proposal for the MLS was a near complete giveaway of prime lakefront parkland with zero parking. It was insane and enough people pressured everyone to go back to the drawing board, change the location and extract demand upon demand of the MLS owner. The result is a little more meh than awesome, but so much better than the first one. Stadium is being built upon a chemical slag heap they will actually pay rent on after a few years. They have to build a lot of transportation infrastructure since there is very little parking onsite. It's kind close to yuppie playland The Domain so it almost makes sense, but I predict a whole lot of growing pains the next few years.

I think there will probably be new city arena to fight over in the next decade or so. UT's new arena is going to be kind of small for the events Austin will be wanting in the future. Will be interesting to see if another pro sports franchise tries to get in on the action.

[RandomGuy]

Makes me sick when I hear about it. It's basic extortion right in public when teams pull this crap.

In regards to Austin...if I was in a little-big city that's growing and could really use it's first professional team, I would be onboard with the right plan for the right sport/team if the city can truly use a new venue that is multi-purpose. Unsure how flexible a soccer stadium would be in generating the city revenues with other events there.

agreed on all counts. Austin has gotten big enough and attractive enough economically/marketwise.

Problem though is traffic and parking. Any place a stadium might get plunked down already has houses on it.

[RandomGuy]

The F1 track has been mostly state giveaways and that has concerts and other activities but still in the middle of nowhere and a traffic nightmare, so meh.

The original proposal for the MLS was a near complete giveaway of prime lakefront parkland with zero parking. It was insane and enough people pressured everyone to go back to the drawing board, change the location and extract demand upon demand of the MLS owner. The result is a little more meh than awesome, but so much better than the first one. Stadium is being built upon a chemical slag heap they will actually pay rent on after a few years. They have to build a lot of transportation infrastructure since there is very little parking onsite. It's kind close to yuppie playland The Domain so it almost makes sense, but I predict a whole lot of growing pains the next few years.

I think there will probably be new city arena to fight over in the next decade or so. UT's new arena is going to be kind of small for the events Austin will be wanting in the future. Will be interesting to see if another pro sports franchise tries to get in on the action.

Also agreed. Never been out to the Domain. Like so many new places, I feel old when I visit austin these days. "i remember when this used to be a field"- old.

[boutons_deux]

agreed on all counts. Austin has gotten big enough and attractive enough economically/marketwise.

Problem though is traffic and parking. Any place a stadium might get plunked down already has houses on it.

Irwin center is coming down, Moody Center replacing it, Red River closed for 2 years.

Austinians won't spend the $100Ms for bonds/taxes to improve roads, so the traffic, esp rush hours is HORRENDOUS

[ChumpDumper]

agreed on all counts. Austin has gotten big enough and attractive enough economically/marketwise.

Problem though is traffic and parking. Any place a stadium might get plunked down already has houses on it.There are actually a couple decent sites for stadiums/arenas themselves, but the traffic and parking infrastructure around them simply doesn't exist and won't without displacing a lot of people and/or businesses. The slag heap almost works if you squint a whole lot and see people hiking in from The Domain. The bombed out Home Depot on I35 is a great site in theory but it's impossible to see the city and state doing everything necessary to make it work. There is arguably adequate parking downtown if a decent site could be found but with the Statesman site off the table that's going to be a tough get.

[boutons_deux]

Also agreed. Never been out to the Domain. Like so many new places, I feel old when I visit austin these days. "i remember when this used to be a field"- old.

Downtown with many high rise TOWERS and more to come killing the myth that Austin is small town with affordable rent.

I live in SA but find Austin so much more interesting, lively, and above all much more wealthy.

In contract, Frost just put up the first high rise tower in DT SA in 30 years.

[ChumpDumper]

Also agreed. Never been out to the Domain. Like so many new places, I feel old when I visit austin these days. "i remember when this used to be a field"- old.I go every couple months, and work is going to take me there more often now. It's really impressive in a lot of ways (the sheer volume of upscale places and decent amount of open space) and stupid in others (allowing cars to drive right through the middle of the place for no reason at all; not making it a public transportation hub). And we did subsidize the shit out of it. It's a success story they're going to try to replicate in like three other areas in the coming years. Hopefully they learn some lessons from it.

[boutons_deux]

Corporate tax incentives do more harm than good to states

the vast majority of these incentives ultimately leave states worse off than if they had done nothing.

examined data from 32 states from 1990-2015.

The researchers evaluated all of the state and local tax incentives available in the 32 states, as well as an array of economic, political, governmental and demographic data.

A computational model assessed the extent to which the effects of attracting or retaining businesses in a state offset the state's related tax incentives.

"We found that, in almost all instances, these

corporate tax incentives cost states millions of dollars - if not more - and the returns were minimal,"

"In fact, the combination of costly tax incentives and limited returns

ultimately left states in worse financial condition than they were to begin with."

https://www.eurekalert.org/pub_releases/2020-02/ncsu-sct022720.php (https://www.eurekalert.org/pub_releases/2020-02/ncsu-sct022720.php)

[DMC]

Amazon breathing a collective sigh of relief, probably owes a debt of gratitude to AOC for them abandoning NY for the most part.