*By Carlo Versano* Amazon's New York HQ2 is a "fiasco" among the greatest "PR scams" in history, according to the state senator that represents the New York district that will be home to one-half of the new split headquarters. Michael Gianaris, the Democratic state senator from New York's 12th district, which includes Long Island City, spoke to Cheddar Wednesday, just as protesters amassed on the steps of New York's City Hall to voice their concerns with the deal. According to Gianaris, the state badly misplayed its hand in giving Amazon ($AMZN) billions in incentives to build an outpost in the booming Queens waterfront neighborhood. "It's $3 billion in public subsidies for a company that's probably the last one that needs it," said Gianaris. "It's outrageous." The Queens-born Democrat pointed to the familiar grievances of many New Yorkers ー a crumbling subway system, an affordable housing crisis, and public school overcrowding ー to argue that new jobs and economic development in the district shouldn't come at the expense of the state's coffers. Gianaris criticized Amazon's highly-publicized national search to find a home for the new headquarters as nothing more than a "beauty contest" and called on New York Gov. Andrew Cuomo and other state officials to rip up the agreement and "reset the conversation" about the terms of the deal. Long Island City is among the fastest growing neighborhoods in the country even before Amazon, Gianaris noted, and is already struggling with skyrocketing rents, crushing subway crowds, and packed schools, with local parents literally fighting over kindergarten seats. "I don't know how we're supposed to add 25,000 people." Because the Amazon deal was engineered through the state's economic development arm largely in secret, it was able to bypass the city's typical land-use review and was thus exempt from potential opposition from local politicians and community leaders. Gianaris released a statement saying he was rededicating himself to drafting legislation that would prevent "secrecy agreements" and "insider dealing in the real estate industry." "The more we learn about this deal, the worse it gets, and I expect to come forward with even more proposals to prevent something like this from ever happening again," Gianaris said in the statement. Amazon has said it intends to start hiring at its new HQ2 locations in Queens and northern Virginia next year.

Share:
More In Business
'GTA VI' Trailer Released Early and How Game Will Impact Industry Overall
Fans of the Grand Theft Auto series got a glimpse of the latest release that's not due out until 2025. The trailer was officially released after a leak on the 'X' platform, giving an idea to industry experts of the massive effect GTA will have on the gaming sector. Cheddar News senior reporter Michelle Castillo breaks it all down.
Stretching Your Dollar: End-of-the-Year Tax Questions Answered
Tax season is around the corner as soon as we conclude the holiday festivities. Mark Steber, chief tax information officer with Jackson Hewitt, joined Cheddar News to discuss some tax changes that people should be aware of and what to expect during next year's tax filing season.
Holiday Crafts for Less
Getting crafty for the holidays to entertain guests can be pretty expensive. Cheddar News explains how you can do all of that on a budget.
Stretching Your Dollar: How to Treat Yourself for the Holidays
The holiday season is here and it could be a stressful time as people plan shopping, cooking and traveling. Sally Holmes, editor-in-chief of InStyle Magazine, joined Cheddar News to discuss a new social media trend #Treatculture that helps people take a moment to treat themselves and how that is a psychological benefit to relieve stress.
Wikipedia's Most Viewed Stories 2023
Wikipedia has released its list of most viewed articles for 2023 with the site seeing over 84 billion visits. The most searched topic was ChatGPT with nearly 50 billion page views
Load More