Wednesday, February 1, 2017

Amazon Signs 50-Year Lease On Air Cargo Hub In Kentucky

A 50 year lease? Wow. I guess Amazon wont be moving anywhere any time soon.

The facility is located at the Cincinnati/Northern Kentucky International Airport, less than 100 miles away from the 1,200-acre UPS Worldport in Louisville. That’s right near the massive Amazon fulfillment center in Hebron, KY, and the e-commerce behemoth has signed a 50-year lease on 900 acres of property from the airport. Amazon is investing $1.5 billion in the hub, which will receive $40 million in tax incentives from the state of Kentucky over ten years if Amazon meets job targets. The company says that it plans to hire 600 full-time employees to work at the hub, and 2,000 total.