The State Senator could scuttle Amazon’s HQ2 in LIC
The State Senate has appointed Michael Gianaris to the Public Authorities Control Board. Gianaris is a vocal critic of the $3 billion incentive package offered to Amazon for its move to Long Island City.
Why it matters: Gianaris would be one of three voting board members who could veto state actions on the project, according to the NYTimes. The board has killed large-scale projects in the past, such as a stadium on the West Side of Manhattan proposed by Mayor Bloomberg.
What comes next: Governor Cuomo could reject the pick, though doing so could create a protracted standoff with the Senate leader, Andrea Stewart-Cousins, and her fellow Democrats. Voting members are appointed by the Senate, the Assembly, and the Governor.
Another subplot: This news comes on the heels of reports that income tax collections came in $2.3 billion below expectations for December and January.
Heard on the Street: Michael Gianaris: “My position on the Amazon deal is clear and unambiguous and is not changing… I’m not looking to negotiate a better deal. I am against the deal that has been proposed and don’t believe that it can form the foundation of a negotiation.”