Construction stops on a large campus.
KRON confirmed on Friday that construction has been stopped on the mega campus. The project was supposed to create 25,000 jobs in the South Bay.
The city of San Jose would get a lot of revenue from the campus. The rewards are at risk due to the construction delay.
We are working to ensure our real estate investments match the needs of our hybrid workforce, business and communities. While we’re assessing how to best move forward with Downtown West, we’re still committed to San José for the long term and believe in the importance of the development.
The campus will be located near Diridon Station and span 80 acres. The campus was supposed to be there.
In January, there was a reduction in the number of workers at the company. The layoffs came after a thorough review of the company.
There is no plan to restart construction. The project was supposed to be done by the end of the year. The development team for the campus was gutted as part of the cost cutting measures.
Despite the project being put on hold, the Mayor of San Jose is not giving up on the planned campus.
When tech companies have money, they expand and when they don’t, they don’t. He said it is a 30 year plan.
The tech industry continues to be troubled by the halt to construction. A report said that 1,200 workers would be laid off.
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