Amazon reportedly picks New York, northern Virginia for HQ2

Report: Amazon Will Split HQ2 Between NY, Northern Virginia

Instead of building a massive second headquarters in one location, Amazon is expected to announce as early as Tuesday, that it would build two offices, one in New York City and another in Northern Virginia near Washington, D.C., according to a person familiar with the plan. It also reported that other cities may receive major Amazon facilities as well.

After running a year-long competition that drew interest from hundreds of cities and a number of states, Amazon has reportedly chosen New York City and Northern Virginia to split duty as its second headquarters.

Reports to this effect first ran last week in the Journal and in The New York Times. While Seattle has experienced a boom in tax revenue and an influx of white-collar professionals due in part to Amazon's presence, the city has also struggled with skyrocketing property values that fueled an ongoing homelessness crisis.

Still, landing HQ2 would represent "incredible validation of just how far NY has come", says Jonathan Bowles, executive director of the Center for an Urban Future think tank. It's unclear how the company's apparent decision to split the new headquarters between two cities will impact its planned investments. And forgoing too many future taxes that could come from a project as massive as Amazon HQ2 could strain local budgets for public services like roads and schools - or cause taxes to go up for local residents.

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Some 9,150 apartments and homes have been built since 2010, more than in any other New York City neighborhood, according to the city Planning Department.

Dallas and Austin were among the 20 finalists - 19 in the USA plus Toronto - in what became a yearlong search for a suitable second-but-equal headquarters to Amazon's original Seattle home. This website is not intended for users located within the European Economic Area.

"This was really a platform for Amazon to market its transition from traditional e-commerce" into a major tech company creating jobs across industries, said John Boyd, principal at site-selection consultancy the Boyd Co. But those projects will just catch up with current needs, says Councilman Jimmy van Bramer. "It was also a platform for cities to promote themselves to a global audience". The U.S. Patent and Trademark Office began moving more than 7,000 jobs out of Crystal City in 2003.

"I joke that we're experiencing explosive growth 30 years in the making", says Elizabeth Lusskin, president of the Long Island City Partnership, a neighborhood development group.

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