‘We're Extremely Disappointed’ by Amazon's Pullout, Plaxall Says

(Bloomberg) -- The owner of development sites in Long Island City that Amazon.com Inc. had targeted for its new campus is “extremely disappointed” with the technology company’s decision to pull out of New York.

“We’re extremely disappointed by this decision,” Paula Kirby, Tony Pfohl and Matthew Quigley, managing directors at Plaxall Inc., the plastics company that owns the sites, said in an emailed statement. “Since our grandfather opened Plaxall’s doors on the waterfront seven decades ago, our family has believed in the overwhelming promise of Anable Basin and Long Island City as centers of productivity and innovation. We continue to believe that today.”

The e-commerce giant said it’s pulling out of a plan to build a headquarters in New York City, after a backlash from some residents and politicians that it was getting almost $3 billion of financial incentives from the state.

“While polls show that 70 percent of New Yorkers support our plans and investment, a number of state and local politicians have made it clear that they oppose our presence and will not work with us to build the type of relationships that are required to go forward with the project we and many others envisioned in Long Island City,” Amazon said in a statement.

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