Giorgio de Chirico, Piazza d’Italia.

This blog only represents the views of the author and does not reflect the policies of the City of New York or its Department of Information Technology and Telecommunications. 

The original New York City highly incentivized corporate center was MetroTech in Downtown Brooklyn. MetroTech was built by Forest City/Ratner (FCRC) as back office space for Chemical Bank (now JP Morgan Chase), Bear Stearns (now defunct, as some may recall), Brooklyn Union Gas (now National Grid) – with some New York City government offices thrown in to sweeten the pot. Having worked in Queens for a decade, with an office now in Brooklyn at MetroTech, feel I have some credibility in bringing something to the spirited discussion now taking place about the advent of Amazon to the Queens waterfront.

The first point to get out-of-the-way is that no Governor or Mayor could ever let a project like H2Q slip through their hands without making a major effort to win the competition. It would be a political disaster to be seen as not having made a maximum effort to attract Amazon – even given the outcry now taking place on the part of some local elected officials. No one wants to be seen as the “the Mayor who let the Yankees move out-of-town.” In addition, these kinds of negotiations of necessity have to take place without publicity and with a minimum number of people involved. Complex economic development deals can’t be negotiated in public. For the deal to close there has to be a level of certainty to the outcome – hence the use of the Empire State Development Corporation to avoid the normal public review process. Putting the process behind closed doors and circumventing public review are political risks the Governor and Mayor took to get the deal done. If the electorate truly objects to the terms of the deal and the manner in which it was accomplished they have a remedy – vote them out of office at the next opportunity. That’s how democracy works. Continue reading →