Patch Notes #150 — The City That Said No Thanks
Entry 150. The HQ2 file reopened exactly as flagged: Amazon cancelled the New York half of HQ2 on Valentine’s Day, 25,000 promised jobs withdrawn after sustained opposition to the ~$3B incentive package from local officials and organizers who asked, reasonably, why the world’s most valuable retailer needed a subsidy to hire in the largest talent pool on the continent. The postmortem splits cleanly by prior: “activists cost NYC 25k jobs” vs. “corporate site-selection-as-auction finally met a counterparty with leverage.” My file keeps to the mechanism design: the RFP-as-reconnaissance model works until one bidder audits the terms in public, and then the whole auction’s information asymmetry collapses at once. Virginia keeps its half, quietly, which tells you which negotiation style the machine prefers. ...