Google is expanding its New York City presence by announcing a $1 billion investment in a new Google Hudson Square campus, which is slated to open 2020.
Google’s new offices will be located at 315 and 345 Hudson Street, with an additional area planned for 550 Washington Street to open in 2022. Google is the latest tech firm to announce a big expansion, hot on the heels of Apple’s new Austin campus and the controversial Amazon HQ2 campuses planned for Long Island City, Queens, and Arlington, Virginia.
Amazon’s HQ2 process courted controversy from the start due to the nearly $1 trillion company insisting that cities offer it the best incentives to be considered for the new campus. The process that saw no shortage of ridiculous stunts from cities trying woo Jeff Bezos, including promises to rename entire towns. However, Google is reportedly taking a different approach.
According to report from The Wall Street Journal, Google isn’t pursuing any incentives from New York in exchange for its newly expanded presence in the city. But, politics and business being what they are, that doesn’t preclude the city giving Google any tax breaks or other perks of its own accord. The exact details of the deal aren’t public right now — which is perhaps unsurprising, considering how past Google land deals have gone — but there’s a chance we may find out more from Google during its Q1 earnings in January (or at another juncture closer to the opening of the campus).
SOURCE: The Verge