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Why Amazon’s huge plans for New York fell apart

Amazon’s plans for New York City were poised to become one of the largest economic-development projects in state history.

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Between 25,000 to 40,000 jobs in the Long Island City section of Queens. An estimated $27 billion in tax revenue, backed by $3 billion in state and local subsidies.

Supporters said it would advance the city’s efforts to bolster its tech sector, making it less reliant on the fluctuations from Wall Street.

But soon after New York won a national competition last November along with Virginia for the Amazon HQ2, the project started to unravel.

And on Thursday, Amazon pulled out of the deal, leaving supporters to point fingers at who is to blame and opponents celebrating their ability to beat back the world’s largest company.

“Anything is possible: today was the day a group of dedicated, everyday New Yorkers & their neighbors defeated Amazon’s corporate greed, its worker exploitation, and the power of the richest man in the world,” Rep. Alexandria Ocasio-Cortez, who represents a neighboring district, wrote on Twitter.

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