Officials Release The Details Of Pittsburgh's Failed Amazon HQ2 Bid

Mayor Peduto and County Executive Fizgerald explain the $6.7 billion proposal

Joe DeStio
November 15, 2018 - 12:53 pm

Joe DeStio

Categories: 

PITTSBURGH (Newsradio 1020 KDKA) - Local officials have released what they say is the compete bid submitted to Amazon in the failed effort to attract the online giant's second headquarters.

Amazon would’ve benefited to the tune of $6.7 billion, $2.1 billion of that in future, local tax dollars diverted to a fund to pay for infrastructure, transportation, affordable housing and workforce development.

At a press conference Thursday, Mayor Bill Peduto said, “Local share of revenue was all new revenue. It was the revenue we would’ve gotten if Amazon chose Pittsburgh.”

Related: Pittsburgh Not Selected For Amazon HQ2

Officials believe Pittsburgh wasn’t selected because the area is not large enough.

The city and county had fought 'Right to Know' efforts to make public the bid before Amazon made its decision. However, the bid released today was not redacted.

Joe DeStio

The biggest part of the incentive, $4.6 billion came from the state.

The five free land areas proposed to Amazon were the former Civic Arena land, the Strip District, Hazelwood Green, Carrie Furnace in Rankin and a site at Pittsburgh International Airport.

___
Follow KDKA Radio: Facebook | Twitter | Instagram
Listen to KDKA Radio on the Radio.com App - Download Now