Don't hold your breath.
In fact, the question should be "will the fulfillment center ever open?"
The Wall Street Journal reported on Fri. Nov. 10 that Amazon seeks cuts in all its divisions.
Amazon's stock is down about 43% year to date.
The company has been experiencing a major slowdown in its core retail business.
Amazon's rapid expansion between the end of 2019 and end of 2021 included the hiring of over 800,000 employees and construction of many warehouses and fulfillment centers as it sought to keep up with the surge in online orders.
Post-Covid shoppers have returned to retail stores.
Nationwide large retail chains are bracing for a possible recession with massive job layoffs in some industries.
Locally the Shreveport Times has a hiring freeze and employees must take five unpaid furlough days in Dec.
Amazon has lost $3 billion so far this year. Amazon had income of about $33 billion in 2021 and $21 billion in 2020.
Amazon's cost-cutting focus has stretched across the company, including its logistics arm responsible for delivering its packages.
Those that have banked on the Shreveport fulfillment center as a savior for Shreveport's economy, and especially the north Market area should, should re-evaluate their projections.
This should also include the creation of a Tax Incentive Financing (TIF) district for that area.
John came to Shreveport in January of 1977 when he was transferred to Barksdale AFB.
He’s been active in Shreveport politics since deciding to make Shreveport his home.
John practiced law for 40 years and he now monitors local politics. He regularly attends Shreveport City Council and Caddo Parish Commission meetings.
John is published weekly in The Inquisitor, bi-monthly in The Forum News, and frequently in the Shreveport Times.
He enjoys addressing civic groups on local government issues and elections.