• After exploring a potential bid for Amazon’s HQ2, the City of San Antonio says it’s no longer going to submit a proposal.
  • The city conducted a “robust review,” but has “determined that as aspirational as we are about our community’s potential, we simply wouldn’t be highly competitive from a real estate and incentives perspective,” according to a city spokesperson.
  • A city spokesperson added that the door is open to Amazon “should they choose to visit, but the types of incentive packages being entertained by other cities are not something our community is willing to entertain at this time.”
  • San Antonio Mayor Ron Nirenberg and Bexar County Judge Nelson Wolff also wrote an open letter to Jeff Bezos explaing their decision, saying, “it’s hard to imagine that a forward-thinking company like Amazon hasn’t already selected its preferred location,” and “the public process is creating a bidding war among states and cities.”

 

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/ CNBC


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