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Amazon Pulls Out Of $3 Billion Deal To Bring HQ2 To NYC

Photo Credit: AP


Amazon Pulls Out Of $3 Billion Deal To Bring HQ2 To NYC

Amazon Pulls Out Of $3 Billion Deal To Bring HQ2 To NYC

Amazon Headquarters will not be coming to NYC after all. According to the lates reports, the company has decided to back out of their $3 billion deal to relocate to to the big Apple.

The big announcement was made on Thursday. In a statement the company said,

“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,” the online retail giant said. “For Amazon, the commitment to build a new headquarters requires positive, collaborative relationships with state and local elected officials who will be supportive over the long-term,” the company said.

The statement continued,

“While polls show that 70 percent of New Yorkers support our plans and investment, a number of state and local politicians have made it clear that they oppose our presence and will not work with us to build the type of relationships that are required to go forward with the project we and many others envisioned in Long Island City.”

Although this didn’t go as planned, it was said that the company plans to move forward with its office expansions in Virginia as well as Nashville, where it is building a new hub expected to employ 5,000 people. There are no plans to “reopen the HQ2 search at this time,” according to the Amazon statement.


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