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Irvine Ranks as Second Most Lucrative Deal for Amazon HQ2

Monday, October 23, 2017

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Business Insider today ranked Irvine’s Amazon HQ2 bid as the second most lucrative deal submitted to the tech behemoth. The proposal includes an offer from the Irvine Company to fully finance the Amazon HQ2 project, which is estimated to cost $5 billion.

In a letter to Amazon CEO Jeff Bezos, Irvine Company owner Donald Bren wrote, "In essence, you would have a one-click shopping opportunity and be able to capitalize on our in place property development rights, thus avoiding potential delays, because Irvine Company has invested more than 60 years master planning 93,000 acres of land, and designing and overseeing the creation of the largest new city in America…Irvine, California."

“This is likely the only substantive deal from any city in North America that doesn’t use public subsidies,” said Bryan Starr, president and CEO of the Greater Irvine Chamber, Economic Development, and Destination Irvine. “Along with the backing and portfolio of major landowners we also have unprecedented community support for Amazon to locate its second headquarters in Irvine.”

Irvine uniquely satisfies and exceeds Amazons other top demands: world-class education and the solid pipeline for technology workforce talent it provides, a vibrant innovation ecosystem, unsurpassed connectivity and travel logistics, cultural diversity, unparalleled outdoor and recreation opportunities, and housing opportunities to meet the needs of a modern, diverse population.

On Oct. 19, Irvine was among 238 cities from throughout the U.S. and Canada to submit proposals. Officials at Amazon have said they will make their selection early next year.

For details of Irvine’s proposal, visit IrvinePrimed.com.

Category: Chamber News, Economic Development,

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