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0 pointsbobthepanda7y ago0 comments

> and a tax base necessary to invest in Queens that has received very little investment in decades.

In what alternate universe is this? Queens is hardly Camden or Detroit. The neighborhood in question has 40+ story office and residential towers sprouting up like weeds. Queens is at a record low employment rate ever since this started getting tracked at the county level: https://fred.stlouisfed.org/series/NYQUEE1URN. And there are similar statistics for the metro area. It is unclear to me that New York City needs to throw any tax credits for jobs when we are running probably very close to full employment.

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asabjorn7y ago

This is about diversifying the economy away from real estate and wall street. It is also about bringing high-paying jobs to Queens, and encourage the kind of investment that brings.

From what I understand developers started building in anticipation of Amazon coming there, and that investment is now in question.

bobthepandaOP7y ago

The area has been built up with skyscrapers over the past decade, well before HQ2 had even been announced. Development in New York is not so quick that you could shovel a project through in the four months after the announcement.

New York's economy is plenty diverse. There's real estate and Wall Street, sure, but there's also legal services, advertising, media, health, education (NYC has the largest student population in the country), hospitality, tourism, etc. This is no one company town like Gary.

cjbprime7y ago

I wouldn't describe LIC (or any part of Queens) as being "built up with skyscrapers" personally. I'd say there are a handful of tall apartment buildings.

asabjorn7y ago

So you are saying Queens is in a great place and we do not need to create much more opportunity there?

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Eridrus7y ago

LIC does not have many commercial tenants, and none on the scale of Amazon.

It would be a good thing to not concentrate all jobs in Manhattan.

Also, if you walk around LIC, it's not as developed as you might think, sure there are huge buildings, but they're next to empty lots & industrial spaces. It's largely a desirable area because of it's proximity to Manhattan, not really anything intrinsic about the neighborhood.

bobthepandaOP7y ago

All of our transportation is Manhattan-centric. That's why all the jobs are in Manhattan.

Putting jobs in LIC will still force workers from the non-Queens sections of the metro area to go into Manhattan and then back out to Queens. Even the LIRR can't really serve LIC, because it's impossible to build a station that serves waterfront LIC that is on the way to Penn.

Eridrus7y ago

The Amazon proposal explicitly came with half a billion in funding for transportation in Queens.

And it's also ignoring the fact that a lot of people already live in Queens, and that LIC specifically is connected to Brooklyn via the G.

It's not an ideal situation, but it's a chicken & egg problem, there's no reason to build commuter transit there without employers and employers don't want to be there without that transit, so the Amazon deal would have done a good amount to break that stalemate.

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asabjorn7y ago

This is about diversifying the economy away from real estate and wall street. It is also about bringing high-paying jobs to Queens, and encourage the kind of investment that brings.

From what I understand developers started building in anticipation of Amazon coming there, and that investment is now in question.

bobthepandaOP7y ago

cjbprime7y ago

I wouldn't describe LIC (or any part of Queens) as being "built up with skyscrapers" personally. I'd say there are a handful of tall apartment buildings.

asabjorn7y ago

So you are saying Queens is in a great place and we do not need to create much more opportunity there?

1 more reply

Eridrus7y ago

LIC does not have many commercial tenants, and none on the scale of Amazon.

It would be a good thing to not concentrate all jobs in Manhattan.

bobthepandaOP7y ago

All of our transportation is Manhattan-centric. That's why all the jobs are in Manhattan.

Eridrus7y ago

The Amazon proposal explicitly came with half a billion in funding for transportation in Queens.

And it's also ignoring the fact that a lot of people already live in Queens, and that LIC specifically is connected to Brooklyn via the G.

j / k navigate · click thread line to collapse