The e-commerce giant said in a statement Thursday that it was abandoning its plan for a Long Island City headquarters in the borough of Queens “after much thought and deliberation.” The agreement to build there had drawn criticism from local politicians because it included nearly $3 billion in state and city incentives.
“While polls show that 70% of New Yorkers support our plans and investment, a number of state and local politicians have made it clear that they oppose our presence,” the company said.
The Seattle-based company said it would proceed with its plans to build in Northern Virginia and Nashville, Tennessee.
The stock pared its decline, slipping 0.4% to $1,633.64 in Thursday’s Nasdaq trading.
Contact Dennis Fitzgerald at [email protected]