If Amazon can be persuaded to consider the Twin Cities for its second headquarters, local real estate professionals say there are plenty of sites that could meet the company's demands, ranging from a suburban gravel pit to a three-block area in downtown Minneapolis.
The bigger questions: Can the metro provide enough workers? And would public officials ante up the kind of incentives necessary to land this juggernaut of economic development deals?
"We don't have a track record of delivering the type of incentive packages that have been used to attract auto plants, Foxconn and those types of things in other states," said Brent Erickson, executive director of Cushman & Wakefield's office in Minneapolis. "So we're going to have to play the game that everybody else is playing."
Equally concerning, according to some real estate officials, are economic forecasts that show the state will be short some 40,000 workers in just a few years. Amazon said the new campus it proposed this week will employ up to 50,000 full-time workers, with average annual compensation topping $100,000.
"You can build the most incredible facility, but if you don't have the right folks to operate it, the real estate becomes a very secondary concern," said Tony Barranco, vice president of development at Ryan Cos. "And I think this is going to be awarded based on the depth of human talent a community can provide."
Like other real estate professionals, Barranco said landing Amazon will require a full-court press from state and local officials, who will have to come together with a package that can compete with other states.
Gov. Mark Dayton said earlier this week that he has directed the Minnesota Department of Employment and Economic Development (DEED) to work with city, regional and state partners on a response to the Amazon proposal. DEED is working with Greater MSP, a regional nonprofit, to deliver a bid by Oct. 19, Amazon's deadline.
Dayton met Friday with DEED Commissioner Shawntera Hardy and Greater MSP CEO Michael Langley to discuss the state's response.