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Northern Virginia city gets closer look from Amazon, newspaper report says

06 November, 2018, 03:20 | Author: Lawrence Cooper
  • The Crystal City neighborhood of Arlington Va. seen from across the Potomac in Washington Oct. 1 2018. Many investors and officials believe Amazon sees Northern Virginia as the best fit for a second headquarters site. Among the upsides good transit

Amazon announced previous year that the retail giant was looking to open a second headquarters somewhere in North America, bringing with it as many as 50,000 new jobs.

Speculation is also building that an announcement about which city will get HQ2 could come this month after Tuesday's midterm elections, according to the Washington Post story.

He criticized the leaker who allegedly tipped off The Washington Post that Northern Virginia is the likely victor of Amazon's second headquarters competition in a highly unorthodox public rebuke. One tweet read, in part, "You're not doing Crystal City, VA any favors". But Ash said there have been ongoing discussions with Amazon about other opportunities.

Crystal City is a neighborhood in Arlington, Va., just across Washington, that has a concentration of high rise offices, hotels and residential buildings.

Jeff Bezos, Amazon's founder and president - and owner of The Washington Post - has said the company will make its final decision by the end of this year.

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Gargan said Amazon remains an "active project" in North Carolina, which means much of the details regarding what the state is offering to lure the company remain under wraps.

Betting sites give northern Virginia the most likely odds of landing the project, and stock analysts have sweetened their view of JBG Smith - owner of most of Crystal City - as Amazon's announcement has approached. He declined to comment on the Post report.

Amazon has said it plans to reveal where it will base its second headquarters by the end of the year, and says it is now assessing around 20 locations. Analysts at Stifel Nicolaus recently upgraded the company from "Sell" to "Hold" and say just the possibility that Amazon chooses Crystal City has added four or five dollars to the company's stock price.

Amazon has said that economic incentives will be an important factor in its decision.

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