Monday, February 18, 2019
Real estate developer and de Blasio donor compares elected officials against Amazon deal to the terrorists who pulled off the attacks on 9/11
The Real Deal
Lightstone Group’s David Lichtenstein said Friday that Amazon’s about-face on its New York megacomplex was the “worst day for NYC since 9-11.”
“Except this time, the terrorists were elected,” the developer added in an email to The Real Deal, in a dig to the politicians who fiercely criticized the tech giant’s deal with the city for the nearly $3 billion in tax breaks and government incentives it came with. (Lichtenstein later emphasized that he was referring only to the financial implications the Amazon pullout will cause.)
On Thursday, Amazon cited pressure from the local politicians as its reason to abandon the deal for the Long Island City campus, which was to bring 25,000 new jobs to New York and would create, by some expectations, $27 billion in tax revenue over a decade.
Since November, Amazon had faced fierce backlash from elected officials, activists and union leaders, who criticized the secretive nature of the negotiations between the company and the city and state, and who argued that the world’s most valuable company did not need to be cajoled with tax breaks to come to New York.
Lightstone is a major developer with a $3 billion portfolio across New York, Miami and Los Angeles. In Long Island City, Lightstone owns a 428-unit rental building less than two miles from where Amazon’s campus was set to rise.
Lichenstein donated fifty grand to a democrat senator's campaign at the request of de Blasio's trusty and amoral solicitor aide Ross Offinger ,which was laundered through an LLC to circumvent contribution limits. Leading to the mayor rewarding him a seat on the Economic Development Corporation, which gave him the power to demolish an entire row of affordable housing apartment buildings his firm purchased in the East Village to make way for the high end hipster hotel franchise Moxy, which is owned by Marriot International.
Marriot International is a client/partner of the Lightstone Group.
Mr. Lichtenstein only directed his ire at the officials and not the citizens who protested against the "HQ2". The headline has been changed to reflect this and I regret and apologize for the error.
Lets see if David apologizes for his reprehensible remark.