Details of the community benefits package promised as part of Amazon's HQ2 development deal with Arlington County, Virginia made news this week.
"Amazon has promised to contribute $20 million to help Arlington County create more affordable housing in exchange for its plan to erect two, 22-story office buildings as part of its HQ2 headquarters in the Virginia county," reports Dick Uliano.
"The pledge is part of the community benefits package Amazon is putting forward to offset the increase in density created by more than 2 million square feet of development it’s planning for its twin-tower headquarters," adds Uliano.
Other pieces of the community benefits package will fund construction and maintenance of a new park and new transit facilities nearby. The entire development plan still requires a vote from the Arlington County Board, expected in mid-December of this year.
FULL STORY: Amazon promises $20M for affordable housing in Arlington
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UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
Chaddick Institute at DePaul University
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Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research