Comment by snowwrestler
Comment by snowwrestler 4 days ago
HQ2 ended up in Crystal City, Virginia, which is a commercial district of Arlington County, and it’s fine. The pandemic-driven remote work trend led Amazon to scale back the number of buildings.
The state and localities did a good job structuring incentives so everything was tied to milestones, some of which Amazon ended up not hitting. My recollection is that NY was offering to give a lot more away, which helped fuel the backlash, but don’t quote me on that.
It also helped in VA that Crystal City has been a commercial wasteland for many years thanks to DoD decentralization. A lot of offices moved down to Fort Belvoir and surrounding areas, leaving Crystal City with a lot of vacant office space. Nothing was being “lost” by Amazon coming in.
Local real estate agents put “HQ2” in their listings for a few years but it didn’t matter much because homes near Crystal City were already super expensive.