I remember having a conversation with a portfolio manager at a big mutual fund and when asking him why he owned XYZ Insurance Corp. in his fund he casually responded that it was “filler.” He went on to describe that term as a company whose stock was reasonably priced but whose prospects were ‘Mehh,’ yet he needed something to fill out his portfolio to get to 25-30 different stocks. Filler is also how I would describe a lot of local news, whereby instead of stocks we get stories of little consequence, or about somewhere other than LIC, in order to make print. I try to avoid filler amap, even if it means posting inconsistently and getting dinged for it by Google’s SEO algorithm. My readers and their valuable time are more important than AI generated adulation.
[Read more…] about Filler & Cool Vintage Pic In Long Island Cityamazon hq2
Yes Virginia, Amazon HQ2 Is On Track
Virginia, your little friends are wrong. They have been affected by the skepticism of a skeptical age. They do not believe except they see. They think that nothing can be which is not comprehensible by their little minds.
LOST in the hubbub of the election, it’s aftermath, and a raging pandemic, was the second anniversary of Amazon’s announcement of Long Island City as the co-winner for HQ2 on November 5. Were it to have been consummated the headquarters would probably have been in its early stages of development right now. While office workers would have been a few years out (ex those assigned to the Citi Building in Court Square), construction workers would have been plentiful, buttressing the lunch time and happy hour business along Vernon Boulevard. And the thought of what was to come in another year or two would have given LIC a light at the end of the tunnel. Now we have?
[Read more…] about Yes Virginia, Amazon HQ2 Is On TrackWhere’s The Plan Jimmy V & Mikey G?*
“To destroy is easier than to create, and that is why so many people are ready to demonstrate against what they reject. But what would they say if one asked them what they wanted instead?”
Ivan Klima – Love and Garbage
A little over a year ago I gave my opinion on the Amazon HQ2 deal struck by the Mayor and Governor. My conclusion was that while the two leaders were not very good poker-players and could have offered less, the overall deal as struck was worth taking a chance on.1 I even-handedly acknowledged that not everyone in LIC would be a winner from the deal, and some of the biggest winners would be those already well-entrenched (and well-heeled). Most importantly, the physical presence of Amazon being located in LIC would be transformational for us and the rest of Western Queens. Heretofore a backwater of NYC, hence the cradle of growth.
[Read more…] about Where’s The Plan Jimmy V & Mikey G?*- No matter what either side says, like any investment you don’t know until later if it will be a good one. [↩]
Dancing With The Stars Comes To LIC & Happy Amazon HQ2 Anniversary
It’s an invitation across the nation
A chance for folks to meet
There’ll be laughing, singing, and music swinging
Dancing in the street
This Friday evening ‘Dancing With The Stars’ featuring local residents comes to Long Island City and here’s why you should go:
[Read more…] about Dancing With The Stars Comes To LIC & Happy Amazon HQ2 AnniversaryCity Looking At Master Plan For LIC’s Waterfront Post-Amazon
Thinkin’ of a master plan
‘Cuz ain’t nuthin’ but sweat inside my hand
So I dig into my pocket, all my money is spent
So I dig deeper but still comin’ up with lint
NYC officials have been holding talks with property owners and leaders in Long Island City about joining forces and coming up with a master plan for the northern portion of the LIC Waterfront according to Politico via The Real Deal. This acreage includes the two lots that were part of the Amazon deal as well as the 5-acre plot just north coined ‘Lake Vernon.’
[Read more…] about City Looking At Master Plan For LIC’s Waterfront Post-Amazon