Amazon Moving Ahead With Prime Air Hub At Cincinnati/Northern Kentucky International Airport

Amazon is moving forward with plans for a $1.5B international Amazon Air hub at Cincinnati/Northern Kentucky International Airport. Until the new facility is ready, the retail giant is leasing space from DHL.

Amazon

DHL also operates a global hub out of the airport and will probably help Amazon reach international customers even after the Amazon Air hub is finished, Construction Dive reports.

Amazon Air, formerly known as Amazon Prime Air, is a cargo airline brand name for Amazon's freight delivery service. Amazon Prime Air is now the company's  name for its conceptual service that may eventually deliver packages by drone, and isn't related to the Cincinnati/Northern Kentucky International Airport facility.

To help facilitate the new hub, Amazon acquired 210 more acres recently. That land adjoins the 900 acres the company is leasing from the airport for 50 years.

When complete, the hub will measure more than 3M SF to serve Amazon customers, and be home to a fleet of more than 100 Amazon Air cargo planes.

The state's Economic Development Finance Authority gave preliminary approval for a $40M tax credit as long as Amazon creates 600 jobs. Amazon is no stranger to public subsidies from the commonwealth: Since 2000, the authority has approved about $80M of incentives for Amazon, which operates 11 fulfillment centers in Kentucky.

Construction of the airport facility is slated to start next year, with partial operations beginning in 2020. Full build-out will be by 2025.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

UK Budget Risks Deterring Sovereign Wealth Funds From Real Estate

Taiwan Semiconductor Manufacturing Co. Could Expand In North Texas

TPG, ACORE Raise Billions For Opportunistic CRE Funds

Newmark Cuts Earnings Outlook Despite Record Third Quarter

Battered Mortgage REIT Suspends Dividend To Preserve Cash

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Master Plan Is Underway For Southwest D.C., Chief Federal Planner Says

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

Blackstone Mortgage Trust Reports Unexpected Q3 Net Loss

New Bears Stadium Proposal Floated For Bridgeport

Tyko Capital Sets New Record For Florida's Largest Construction Loan

Office Recovery Moving Faster Than Expected, CoStar Finds