Amazon’s plans to redevelop the former Cortana Mall site into a 3.5 million-square-foot fulfillment center was perhaps the year’s biggest economic development news.
The $200 million project is expected to have an economic impact of some $2.9 billion over the next 20 years and support more than 1,400 jobs with an annual payroll of some $53.8 million, according to the Baton Rouge Area Chamber. BRAC also predicts the project will generate $25.9 million in tax revenue in its first 10 years, including more than $12.2 million for East Baton Rouge public schools.
The center is scheduled for completion by August 2022. Commercial real estate agents say the planned facility already is sparking interest in nearby spaces.