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

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Equinix Ramps Up Spending Plans Amid Faster-Than-Expected AI Shift

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI