Amazon NYC exit slams land prices

Long Island City's housing market would likely experience 'whiplash'

Activists and some politicians cheered Amazon's cancellation of its plan to build a second corporate headquarters in New York, but others said the decision will kill 25,000 new jobs, erode future tax revenue and make it difficult for the city to attract companies in the future.

The company said it will not relaunch a search for a second corporate headquarters to complement its existing office in Seattle: "We will proceed as planned in Northern Virginia and Nashville (Tennessee), and we will continue to hire and grow across our 17 corporate offices and tech hubs in the US and Canada."