Hobart anticipating $1 billion in cash reserves from Amazon data center, mayor says
Hobart Mayor Josh Huddlestun said the city expects Amazon’s data center project to generate enough revenue to fund about $400 million in improvements and leave roughly $1 billion in cash reserves. The project has faced opposition from local residents, who have protested outside Hobart schools and City Hall.
Hobart Mayor Josh Huddlestun said on Hammond Mayor Thomas McDermott Jr.’s podcast that the Amazon data center project could put the city in a strong long-term financial position. He estimates Hobart will spend about $400 million on improvements while retaining approximately $1 billion in cash reserves generated by the project.
Huddlestun said the community should approach the development with an open mind and continue evolving to remain economically sustainable. Residents have nonetheless organized protests against the proposed Amazon Web Services data center, including gatherings at Hobart High School and outside Hobart City Hall.