New York Touted Real Estate, Eminent Domain in Bid for Amazon - News Summed Up

New York Touted Real Estate, Eminent Domain in Bid for Amazon


New York and Arlington, Va., traded billions of dollars in incentives for a shiny new Amazon HQ2. But the arrival of the new corporate headquarters could mean some serious challenges for the two cities. In their bid for Amazon.com Inc.’s second headquarters, New York City and state officials dangled prime real estate at the tech giant and offered to use eminent domain to scoop up any necessary properties for a campus, newly disclosed documents revealed Monday night. The city suggested four main neighborhoods as locations for Amazon’s second headquarters: Midtown West, lower Manhattan, along the Brooklyn waterfront and Long Island City, Queens. In the bid, each neighborhood included tantalizing properties to serve as a potential...


Source: Wall Street Journal December 11, 2018 10:02 UTC



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