Oh, You Delicate Flower

It appears that, since they are not being worshipped as Gods, Amazon has canceled its headquarters plans in New York City.

There wasn’t even a meaningful threat to the deal, it was just people saying bad things about them.

The best quote about his was from Senator Michael Gianaris, a high profile opponent of the deal:

“Like a petulant child, Amazon insists on getting its way or takes its ball and leaves,” said Mr. Gianaris, whose district includes Long Island City. “The only thing that happened here is that a community that was going to be profoundly affected by their presence started asking questions.

In related good news, the real estate speculators who bought property in anticipation of the project have lost their shirts:

Amazon.com Inc.’s announcement that it is ditching plans for a corporate headquarters in New York City stunned real-estate speculators, developers and renters who had rushed into the Long Island City neighborhood to be near the new HQ2.

Only three months ago, the prospect that the giant retailer would locate a headquarters in New York City and create 25,000 new jobs set off a real-estate frenzy that the borough of Queens had never experienced.


Amazon’s reversal could also hurt developers who had bought development sites or filed plans for new buildings in the area in recent months and were hoping that an influx of 25,000 new Amazon jobs could boost rents and property values.


Big publicly traded real-estate firms with exposure to New York City also felt Amazon’s sting. Shares of SL Green Realty Corp. and Vornado Realty Trust , two property owners with large and concentrated New York City portfolios, fell 1.4% and 0.9% respectively on Thursday, declining more than the broader market.

This is me doing a happy dance.

Finally, let me add the following, “#10PeopleOnTwitter“.

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