Amazon critics missing prime opportunity, say biz leaders

$Release_Title.getData() 23 Jan 2019

With the announcement that e-commerce giant, Amazon, will set up one of two new headquarters in Long Island City, one phrase has been on the minds of both residents, politicians, and private enterprise alike: the Amazon-effect.

The word may still be out on what exactly that effect will be, but according to a panel convened at Avison Young’s year-end market discussion the impending influx of Amazon-spurred tech jobs, there’s one thing that can be said for certain; it’s going to be a positive one, despite what some critics say. “There’s this misconception that this was a bad deal,” said Jeremy Shell, principal at TF Cornerstone, which purchased a nearby development site for $300 million days after Amazon’s announcement and is developing part of the new headquarters.

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