NEW YORK (BLOOMBERG) – Amazon.com said it is axing plans to build a new corporate campus in New York City, bowing to fierce opposition from some residents and politicians and denying the city what the mayor and governor had called its biggest ever economic win.
Amazon announced in November that its planned US$5 billion second headquarters would be split between New York City and Virginia. In New York, the company was set to received US$1.5 billion worth of performance-based incentives and a total US$3 billion in.
After several weeks of strong protests from both lawmakers and local residents, Amazon officially ditched its plan to build half of its second headquarters, also known as the HQ2, in the Long Island.
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Amazon scraps plans for New York HQ.. that is has canceled plans to build a second headquarters in New York City. The internet sales giant had planned to build a campus in Long Island City.
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On Thursday, those plans were abruptly halved when Amazon announced in a blog post that it won’t move forward with its plans for the New York City headquarters after all. “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,” Amazon wrote .
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Amazon.com Inc. said it’s axing plans to build a new corporate campus in New York City, bowing to fierce opposition from some residents and politicians and denying the city what the mayor and governor had called its biggest ever economic win.
· Amazon is ditching its plans to build a new headquarters in New York after facing backlash from members of the community.
Amazon.com Inc. (NASDAQ: AMZN) said Thursday it is scrapping plans to build part of its second headquarters in New York City. The e-commerce and cloud computing giant announced in November it was.