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View Poll Results: Where?
New York City 16 3.10%
Greater Boston 32 6.20%
Philly 38 7.36%
DC/N. Virginia 50 9.69%
Raleigh/NC Research Triangle 32 6.20%
Austin 48 9.30%
San Francisco/Bay Area/Silicon Valley 13 2.52%
Baltimore 11 2.13%
Toronto 33 6.40%
Pittsburgh 35 6.78%
Chicago 99 19.19%
Atlanta 109 21.12%
Voters: 516. You may not vote on this poll

 
 
Old 09-28-2017, 01:59 PM
 
2,560 posts, read 2,178,337 times
Reputation: 1815

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Quote:
Originally Posted by Desert_SW_77 View Post
Most Canadian airports also have US Customs stations on site making your arrival in a US city seamless. I cleared US customs in Halifax enroute to Boston, so much easier than clearing customs in Boston.
I think it's a special arrangement between US CBP and several closely allied countries (Canada, Ireland, maybe one or two others?). Basically you cross into U.S. territory the moment you clear U.S. Customs, even though you may still physically be located in a Canadian airport. Saves a ton of time, and also allows airlines to fly from any Canadian city to any U.S. airport, even smaller regional airports like Indianapolis or Minneapolis with no customs facilities. They are essentially treated as domestic U.S. flights.

 
Old 09-28-2017, 02:09 PM
 
Location: Syracuse, New York
3,114 posts, read 2,524,804 times
Reputation: 2276
If Amazon goes to a metro with roughly two to four million people and drops 50,000 employees earning 100K, it is seriously going to jack up the area's cost of living and/or commute times.
 
Old 09-28-2017, 02:12 PM
 
Location: St Simons Island, GA
23,067 posts, read 35,028,118 times
Reputation: 15214
Quote:
Originally Posted by SyraBrian View Post
If Amazon goes to a metro with roughly two to four million people and drops 50,000 employees earning 100K, it is seriously going to jack up the area's cost of living and/or commute times.
This will be a very gradual process; they won't be dumping 50,000 people into a metro all at once. In addition, many of them will already be residing there.
 
Old 09-28-2017, 02:13 PM
 
7,703 posts, read 4,562,015 times
Reputation: 8417
Quote:
Originally Posted by Desert_SW_77 View Post
Most Canadian airports also have US Customs stations on site making your arrival in a US city seamless. I cleared US customs in Halifax enroute to Boston, so much easier than clearing customs in Boston.
You’re only allowed to clear US customs at a Canadian airport if your final destination is in the states. For example, you’re flying from Asia to the states with a layover in Canada space. You can clear US customs in Canada. If you’re going to leave the airport, you have to clear us customs.
 
Old 09-28-2017, 03:33 PM
 
Location: Baltimore, Maryland
374 posts, read 345,817 times
Reputation: 458
Quote:
Originally Posted by TommyCarcetti View Post
Goldman Sachs announced yesterday that it will be making a $233 million investment in Baltimore's Port Covington.

"Goldman Sachs said its financial commitment is the largest single private equity investment its urban investment group has made."

Goldman Sachs invests $233 million in Port Covington - Baltimore Sun

The announcement to invest in one of the nation's largest development projects comes roughly one week after Amazon made plans for a second HQ public. Interesting timing.
"Mayor Catherine Pugh said the city's proposal to land Amazon's second headquarters is "just about ready," and that she has enlisted investment bank Goldman Sachs to help.

Speaking at her weekly press conference Wednesday, Pugh said she spoke to Goldman Sachs CEO Lloyd Blankfein a few weeks ago, who pledged to assist Baltimore in landing the $5.5 billion project. Goldman Sachs recently announced a $233 million investment in Sagamore Development's 235-acre Port Covington project, which has become the centerpiece of Baltimore's proposal to Amazon."

https://www.bizjournals.com/baltimor...help-with.html
 
Old 09-29-2017, 11:30 AM
 
11,172 posts, read 22,372,703 times
Reputation: 10924
Quote:
Originally Posted by SyraBrian View Post
If Amazon goes to a metro with roughly two to four million people and drops 50,000 employees earning 100K, it is seriously going to jack up the area's cost of living and/or commute times.
Yeah I work in a real estate investment firm where we track trends and research all areas of the country and their markets. One theme that was really brought up in a recent meeting where Amazon came up was that realistically they are going to need 3 million metro cities or higher for the most part to be able to comfortably get in and find the workers they need, not cause chaos with the housing markets and also just to get the transit and road infrastructure and large scale economy that makes sense to dump 50,000 jobs.

In their talks the obvious short list according to them would be:

Philadelphia - strong contender
Chicago - strong contender
Boston - very tight office market, very tight employment market and high cost of living
DC - fairly strong contender, cost of living becoming a concern
New York City - very high cost of living, worried it wouldn't be a natural fit for what Amazon probably wants. Might be a little over the top.
Denver - might be too small of an office market, very very tight employment market, it would wreck the already high cost of living
Atlanta - good contender but worried about the public transit aspect, Amazon seems to be looking for more of a true urban/dense city center.
Dallas - a bit of the same as Atlanta's issues.
 
Old 09-29-2017, 01:17 PM
 
Location: Clemson, SC by way of Tyler,TX
4,853 posts, read 2,980,597 times
Reputation: 3399
Quote:
Originally Posted by mooguy View Post
When one is talking about CoL , Toronto is not near as expensive as one might think.

Real estate is more expensive than most US cities but it's rentals are not. At $1750/month for a average one bedroom that is $500/month less than NYC, $400/month less than Wash, $300 less than Boston, $100 less than Pittsburgh, and only $75 more than Chicago.

This combined with far superior and free medical, excellent inner city public schools where VERY few send their kids to private, and much lower university/college tuitions, Toronto is cheaper than most comparably sized US cities. While gas, liquor, and sales taxes are higher, Hydro and municiple taxes are lower and Canadians enjoy many free or heavily subsidized medical/social/educational services.
Nice post, some of the numbers don't really make sense, especially Pittsburgh.
 
Old 09-29-2017, 01:26 PM
 
Location: In the heights
22,145 posts, read 23,656,611 times
Reputation: 11621
It'd be funny if they went real wild card and picked Buffalo or New Orleans or some such.
 
Old 09-29-2017, 03:22 PM
 
Location: Tokyo, Japan
6,633 posts, read 8,322,265 times
Reputation: 7592
About eight pages ago I mentioned that all it takes is one place that is desperate enough for this to up the ante when it comes to how much they are willing to offer in incentives. We saw this with Boeing, which netted $6 Billion in incentives from the state of Washington. As well as Foxconn, which netted $3 Billion from the state of Wisconsin. Well today is the start of that day with Amazon. New Jersey lawmakers are planning on investing $5 Billion dollars (USD) to Amazon, whom themselves are planning on re-investing those same $5 Billion dollars back into New Jersey (LOL).

This is early. I didn't think we'd hear about big megabucks in incentives so soon, I always imagined we'd hear about it following the October 19th, 2017 deadline as more information became available to the general public with regards to each city's bids. By the way, there is now a record 130 cities across America and Canada that are confirmed to be bidding for this, with the list growing by a few everyday. That's stiff competition. New Jersey just upped the ante though, other places definitely will have to dig deep in their coffers to get adequate incentive money for this. Adequate being well over $2.5 Billion and probably well over $3 Billion with the way the competition is starting to unfold.

Quote:
Gov. Chris Christie and legislative leaders will offer tax breaks worth $5 billion to Amazon if it builds its second headquarters in New Jersey, a plan that would expand a controversial subsidy program.

The Legislature’s top Democrats and Republicans announced Wednesday that they back Christie’s plan to loosen restrictions on the Grow NJ program, carving out new exceptions for “transformational projects” such as the Amazon headquarters. Under a proposed bill, Amazon could receive $10,000 for each job it created each year for a decade, a rate that could cost the state $5 billion over the life of the project if Amazon lives up to its promise to create up to 50,000 jobs wherever it goes, according to a letter to Christie from legislative leaders. New Jersey has awarded more than $8 billion in economic subsidies since Christie took office in 2010.

States and cities are scrambling to attract Amazon, which recently announced it’s looking for a second home. The company promises to hire as many as 50,000 workers and invest $5 billion in capital expenditures. An Amazon headquarters could have a $9 billion economic benefit to the state, according to a letter Christie wrote Friday.

But critics have called the tax breaks a form of corporate welfare that has starved the state of much-needed revenue. New Jersey has the worst finances of any state in the nation, analysts say, and has had its credit downgraded 11 times under Christie due in large part to its revenue shortages.

Under the proposed bill, Amazon’s HQ2 could be designated a “transformative project,” making it eligible for larger incentives than currently offered. In addition to raising the cap on subsidies from $5,000 to $10,000 per job for those projects, the bill would allow Amazon to carry forward the tax credits for 50 years and sell up to $25 million to third parties per year for 20 years, so long as proceeds pay for supporting infrastructure.

The legislation would also remove restrictions on where Amazon could locate in the state (the Grow NJ program currently limits large tax break awards to Atlantic City, Camden, Trenton, Paterson and Passaic). The state would also give the web giant more flexible deadlines for creating jobs since the project would likely be built in several phases.

“We possess the assets that will allow Amazon to thrive with a skilled workforce, a quality transportation infrastructure, the best research universities in the country and a strategic location,” said Senate President Steve Sweeney (D-Gloucester). “We will work together and with Amazon on a plan that serves the best interests of the people of New Jersey.”

These proposals were first floated by Christie in a letter Friday to the major-party candidates for governor. Legislative leaders signed onto the ideas Wednesday and said luring Amazon would provide a shot in the arm to the state economy by employing tens of thousands of workers in a growing online industry. The letter to Christie was signed by Sweeney, Assembly Speaker Vincent Prieto (D-Hudson), Senate Minority Leader Tom Kean Jr. (R-Union) and Assembly Minority Leader Jon Bramnick (R-Union).

“Bringing permanent, good-paying jobs and significant economic development into New Jersey is a shared priority,” Prieto said in a statement. “Amazon offers a rare opportunity to bring a major, growing corporation into our state that will employ thousands of our residents for decades to come and bring along countless tangential economic benefits. … We need to do all we can to make this possibility a reality.”

“This is a proposal lawmakers on both sides of the aisle can come together on, show unity and help provide the shot in the arm our economy needs,” Bramnick said.

Christie, Lawmakers Plan to Offer Amazon $5 Billion Tax Break | | Observer
Also keep in mind that New Jersey, the northern parts in Greater New York (which is where Amazon's HQ2 will go if New Jersey is chosen) has more urban environments than 95% of America. Has a very strong international airport. Has adequate rapid transit and commuter rail options (by American standards), and has affordable housing prices compared to elsewhere in Greater New York like Long Island, Western Connecticut, the Hudson River Valley, and the city of New York itself. In fact, housing prices in parts of Northern New Jersey and Central Jersey are more affordable than Greater Seattle. New Jersey also has magnificent universities (ever heard of Princeton and Rutgers?) and has access by rail or roadway to even more. The area also has plenty of corporate headquarters and technical talent pool for Amazon's HQ2. Then there is the fact that it is a bedroom community to the most global city on Earth.

$5 Billion is a lot, that's so much more than what I'd be willing to pay but it just hoisted the competition to new heights. Given all New Jersey has to offer Amazon, other places will be left to do some soul searching (and wallet searching) to match this offer. I'd say that if you're not willing to offer more than $3 Billion in incentives (LOL), at the minimum, that you're not topping New Jersey's offer IMO.
 
Old 09-29-2017, 03:37 PM
 
1,020 posts, read 1,236,039 times
Reputation: 2136
Quote:
Originally Posted by Facts Kill Rhetoric View Post
About eight pages ago I mentioned that all it takes is one place that is desperate enough for this to up the ante when it comes to how much they are willing to offer in incentives. We saw this with Boeing, which netted $6 Billion in incentives from the state of Washington. As well as Foxconn, which netted $3 Billion from the state of Wisconsin. Well today is the start of that day with Amazon. New Jersey lawmakers are planning on investing $5 Billion dollars (USD) to Amazon, whom themselves are planning on re-investing those same $5 Billion dollars back into New Jersey (LOL).

This is early. I didn't think we'd hear about big megabucks in incentives so soon, I always imagined we'd hear about it following the October 19th, 2017 deadline as more information became available to the general public with regards to each city's bids. By the way, there is now a record 130 cities across America and Canada that are confirmed to be bidding for this, with the list growing by a few everyday. That's stiff competition. New Jersey just upped the ante though, other places definitely will have to dig deep in their coffers to get adequate incentive money for this. Adequate being well over $2.5 Billion and probably well over $3 Billion with the way the competition is starting to unfold.


Also keep in mind that New Jersey, the northern parts in Greater New York (which is where Amazon's HQ2 will go if New Jersey is chosen) has more urban environments than 95% of America. Has a very strong international airport. Has adequate rapid transit and commuter rail options (by American standards), and has affordable housing prices compared to elsewhere in Greater New York like Long Island, Western Connecticut, the Hudson River Valley, and the city of New York itself. In fact, housing prices in parts of Northern New Jersey and Central Jersey are more affordable than Greater Seattle. New Jersey also has magnificent universities (ever heard of Princeton and Rutgers?) and has access by rail or roadway to even more. The area also has plenty of corporate headquarters and technical talent pool for Amazon's HQ2. Then there is the fact that it is a bedroom community to the most global city on Earth.

$5 Billion is a lot, that's so much more than what I'd be willing to pay but it just hoisted the competition to new heights. Given all New Jersey has to offer Amazon, other places will be left to do some soul searching (and wallet searching) to match this offer. I'd say that if you're not willing to offer more than $3 Billion in incentives (LOL), at the minimum, that you're not topping New Jersey's offer IMO.
Strong but not great international airport, urban but not urban compared to most of the competition, adequate (?) but not great rapid transit, would have to be mostly car, and affordable, but not really affordable housing compared to some of the competition. Don't use Seattle as a benchmark for housing costs, Seattle has become very expensive b/c of Amazon. Sounds great, and don't think others won't be offering the same. Without the tax breaks, NJ wouldn't even be on the radar as far as the RFP requirements.
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