An unnamed Fortune 500 company is bringing a high-tech logistics hub to Cibolo, locking in one of the largest industrial investments ever for the fast-growing San Antonio suburb.
Cibolo’s City Council approved a reinvestment zone Monday and authorized an incentive deal worth about $32 million over 15 years, the San Antonio Business Journal reported. The unnamed firm plans to spend $450 million to build a robotic distribution center on the former San Antonio Raceway site, a 126-acre parcel that’s been dormant since 2022.
The project caps nearly a year of negotiations and promises to reshape the city’s industrial landscape. Cibolo projects a $9.8 million net gain in property tax revenue within the first decade, swelling to $121 million in cumulative city revenue over 30 years.
The site currently generates just $14,000 in annual property taxes — a figure officials say will be eclipsed in the project’s first year of partial operations.
Amazon confirmed to the San Antonio Express-News that it is not the unnamed company referred to in the city’s “Project Theo” announcement. Amazon is however pushing into using artificial intelligence and robots to help automate its next warehouses.
The facility will employ at least 425 full-time workers earning above the San Antonio metro’s median wage, according to city documents. Economic Development Director Rick Vasquez told the council the complex will be run by robots and high-tech equipment, along with employee-operators to manage it all. He described the project as “generational,” crediting the city’s partnership with greater:SATX — a regional economic and workforce development organization — Guadalupe County and the Guadalupe Valley Electric Cooperative.
Cibolo has attracted logistical industries before. Aisin Corporation, a Fortune Global 500 firm partly owned by Toyota, opened its $400 million AW Texas transmission plant there in 2021, and H-E-B last year launched a $100 million e-commerce fulfillment center. Both projects have helped transform the once-sleepy suburb into a logistics and advanced manufacturing node along the Interstate 10 corridor.
While city officials haven’t confirmed the Fortune 500 firm’s identity, the scale and automation focus have fueled speculation it could be a major retailer or e-commerce company betting on Central Texas’ growing supply chain ecosystem.
— Eric Weilbacher
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