The Amazon deal’s death stirred memories of another epic development battle in Brooklyn years earlier.
div > div.group > p:first-child"> In a flash, the Jeff Bezos-led, Seattle-based giant packed up its offer of 25,000 potential jobs once it became clear that opposition to its second headquarters plan in the Queens neighborhood of Long island City wasn't buckling.
The mayor praised what Amazon calls its Career Choices program, which uses partnerships with educational institutions to provide college, technical and vocational classes, and prepays up to 95 percent of the tuition for the students. In Fried's township, Amazon says about 500 people have used the program, with 200 taking advantage in the last year."There's an entire segment of the population who cannot go to school," he added."It's a game-changer for them.
Side by side, the Amazon deal and Pacific Park Brooklyn bear striking differences. There are also some similarities, though. Each saw the city sweetening the pot with multibillion-dollar tax breaks and subsidies. In the case of the Pacific Park Brooklyn, Forest City was embroiled in a local turf war and eventually conceded 2,250 affordable housing units. Construction on the arena began in 2010.
But what they say about most relationships can be said about economic development: It's complicated. What is seen by some as economic development in the city's fastest growing borough is seen by others as whitewashing and gentrification. "If a large corporation wants to come to New York, please do come," he said."We want you here but if you do, you have to go through this process."New Jersey offers a glimpse at other outcomes that could have been. The average selling price for a home in Robbinsville, for instance, climbed from $366,897 in 2014 to $409,269 in 2018.
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