Thursday, October 19, 2017

Detroit's Amazon HQ2 bid is in, and damn does the pitch make the city look cool

Posted By on Thu, Oct 19, 2017 at 1:11 PM

click to enlarge An image from Detroit's new pitch video for Amazon HQ2. - DETROIT MOVES HQ
  • Detroit Moves HQ
  • An image from Detroit's new pitch video for Amazon HQ2.

If you haven't heard, mega e-commerce corporation Amazon is poised to take over the world and is taking pitches from major cities as it mulls where to land a second headquarters.

With a $5 billion investment and 50,000 jobs at stake, resurgent yet extremely job and tax-base needy Detroit has been putting its best foot forward.

Those behind Detroit's proposal have launched a website and released a new, several minute long pitch video that tells the company to "Move here. Move the world." The video and site emerged today, the deadline day for bids for Amazon HQ2.

"An international hub full of vitality, of Michigan strength from the global reach of techno and Motown to the powerful rev of our engines, from style trends to technology, Detroit is the starting line of the world's imagination," a rhythmic voice over says. "We are small business savvy and billion dollar business bold."


While we don't yet know all the details of Detroit's bid, corporate leader Dan Gilbert and Detroit Mayor Mike Duggan have said they envision a series of Amazon buildings woven into Detroit's downtown, along with possible regional sites to offer the up to 8 million square feet of space the company says it will need. The bid is expected to include Windsor, though officials have not said that a satellite site would exist there.

Yesterday, we wrote about the under-reported negatives of a possible move by Amazon to Detroit. In its first home of Seattle, the company is often blamed for inequality, skyrocketing housing costs, and gridlocked roads.
According to Zillow, rental prices in Seattle have gone up nearly 50 percent since the company moved its headquarters to the city's centrally-located South Lake Union neighborhood in 2010. At the same time, wages have apparently not kept up with the cost of living, and another study has found about 50 percent of Seattle renters are rent-burdened.

Here in metro Detroit, we would likely see a more modest increase in rents, according to a new study from Apartment List. The San Francisco-based apartment rental marketplace says it estimates people in the region would pay an additional $8,000 in rent over the next ten years if Amazon selects Detroit as its second home. Apartment List attributes the scale of the increase to the Detroit area's vacancy rate of 11 percent, which it says is higher than the vacancy rate of other metro areas in the running for Amazon HQ2.

Detroit doesn't have a really great chance of landing the company's second headquarters, so all of these concerns may never be realized. Still, the highly persuasive video makes it hard to see Detroit as an unworthy candidate.


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