NYC Will Bounce Back Without Amazon, Rudin Says

NYC Will Bounce Back Without Amazon, Rudin Says

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Interactive Video

Business

University

Hard

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The transcript discusses the community and economic impact of Amazon's withdrawal from Long Island City, New York. Community leaders had organized efforts to support Amazon's presence due to job creation and economic opportunities. Despite the disappointment, there is optimism about New York's economic fundamentals and potential for growth with other tech companies. The real estate market faces challenges due to overbuilding, but future prospects remain positive with incentives for companies to move to New York. Political dynamics and community concerns about corporate deals are highlighted, emphasizing the need for constructive dialogue.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How do the speakers believe New York will recover from the loss of Amazon's planned headquarters?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways did the overbuilding in the real estate market affect the need for Amazon's presence?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What lessons can be learned from the community's response to Amazon's proposal?

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