Amazon has pulled out of the deal to establish a second headquarters in New York, after substantial pushback from local city leaders. In exchange for tax breaks and other subsidies, Amazon was to build a second major corporate office in Queens, a move they said would create 25,000 jobs. Polling has shown that most New Yorkers, particularly those in the neighborhood where the headquarters was going to be located, supported the move. If the deal was clearly economically beneficial, and supported by the people it would be directly affecting, why did it fall through?
Looking at the chart below, we see on the left side a ranking of performance of 11 equity sectors including real estate.