$125 million Amazon cargo hub, 1,000 jobs coming to Newark airport

New Jersey

FILE – This April 16, 2020 shows the Amazon logo in Douai, northern France. Amazon on Thursday, July 29, 2021 turned in a mixed bag of results for its fiscal second quarter, coming up short of Wall Street expectations in revenue but beating on profits. (AP Photo/Michel Spingler, File)

NEWARK, N.J. — The Port Authority of New York and New Jersey commissioners have approved a 20-year lease of two Newark Liberty International Airport buildings for a regional air cargo hub.

Under the lease, Amazon will redevelop two 1990s vintage buildings into a state-of-the-art, 250,000-square-foot air cargo campus.

The redevelopment will cost Amazon $125 million and will not utilize Port Authority funds.

Amazon will pay $150 million upfront for the property and $157 million in rent over the next two decades.

Authority Director of Aviation Huntley Lawrence said that the facility could open during the first quarter of 2023 and would employ 1,000 people from local communities.

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