We’re in the running – and only $400 million in incentives!
San Diego’s region-wide bid for Amazon‘s second headquarters was sent off Wednesday, one day before the online retailing giant’s deadline, according to the San Diego Regional Economic Development Corp.
The competition for the headquarters is pitting municipalities large and small against each other for a piece of Amazon’s very substantial pie. The company plans to spend more than $5 billion on what it calls HQ2, which would provide 50,000 new high-paying jobs and support thousands of construction and other related positions.
The EDC submission, set to arrive Thursday, proposes four sites — Chula Vista, downtown, Mission Valley and Otay Mesa.
On Tuesday, the Chula Vista City Council approved a $400 million incentive package for Amazon, which would have HQ2 incorporated into the city’s Millenia mixed-use mega-development. Chula Vista would provide the company with 85 acres valued at $100 million and tax breaks of $300 million over 10 years.
Amazon could also partner with the city in its ongoing plans to bring a four-year university to the city.
“We have the best proposal for Amazon,” said Chula Vista Mayor Mary Casillas Salas. “We can provide eight million square feet of space in a continuous greenfield development and Amazon can embrace our unmatched quality of life in master planned communities with housing for all income levels, biking and hiking trails, recreational activities and an incredible climate.”
Amazon already has a large presence in San Diego after leasing more than 100,000 square feet of office space in University City. But the region faces stiff competition in the bidding war with numerous other cities offering land and tax incentives.