+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Amazon just unveiled its HQ2 selections, and some locals are furious

Nov 14, 2018, 00:51 IST

Amazon

Advertisement

Amazon finally brought the race for HQ2 to a close on Tuesday morning after it selected Long Island City in Queens, New York, and the newly formed National Landing area of Arlington, Virginia.

These two cities will now play host to the company's second headquarters. Amazon will employ more than 25,000 people in each of the two locations. 

While some officials were rejoicing the news on Tuesday, many locals expressed concerns about the negative effects HQ2 may bring. 

These people have likely taken note of the impact that many argue Amazon has had on its current headquarters in Seattle, where locals complain of skyrocketing rents, prolonged construction, gentrification, and gridlock traffic. 

Advertisement

Business Insider reported earlier this year that Seattle's median rent increased by nearly three times the national median between 2005 and 2015

Read moreThe losers of Amazon's HQ2 contest have been revealed - but some locals are rejoicing

Amazon's decision to split its headquarters across two cities should help to alleviate some of these issues. However, it's still likely to put pressure on the surrounding area. 

Real-estate brokers in Long Island City had already seen a spike in inquiries for properties in the area after reports surfaced that Amazon could select it for HQ2 last week. Some were even buying property, sight-unseen, over text message, The Wall Street Journal reported earlier Tuesday. The Journal's story was published before Amazon had even made its official HQ2 announcement.

Newly elected Alexandria Ocasio-Cortez, who will represent the 14th Congressional District of New York, which includes Long Island City, was less than enthused about Amazon's move to this part of town. 

Advertisement

"We've been getting calls and outreach from Queens residents all day about this," she said on Twitter on Tuesday. "The community's response? Outrage."

Read more about Amazon's HQ2:

NOW WATCH: Target has a few sneaky ways it gets customers to spend more money

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article