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Boom or bust?
It was the subject of much hype up and down the US as cities, both big and small, prostrated themselves before Amazon as the firm sought a location for its second headquarters. In November, New York and North Virginia were jointly awarded the prize – but the controversy continues. Yesterday demonstrators gathered as members of NYC’s council held a hearing on the Amazon project slated for Long Island City, Queens, proving that the arrival of the technology giant may be more poisoned chalice than boon. The reason? Other plans have been shelved in order to accommodate Amazon, including two new schools, while property prices are also likely to rise. Meanwhile Amazon has sent an open letter to residents in a bid to win them over. With new Democrat favourite Alexandria Ocasio-Cortez voicing her concern about the project, the issue threatens to overshadow mayor Bill De Blasio’s second term.