ALBUQUERQUE (KRQE) – As the competition for a $5 billion battery factory continues, one man says he will give Tesla the land they need at no charge.
Tesla is looking to build a massive gigafactory.
“I think it would be giga-normous for New Mexico,” John Edward said.
New Mexico is up against Texas, Arizona and Nevada to win the bid.
“If I was Elon Musk, I would say I want to go somewhere where somebody wants me,” Edward, a local real estate broker said. “And that’s the message I’m trying to convey here.”
Edward is offering up 400 acres of land free of charge to lure Musk, Tesla’s CEO, to the Land of Enchantment.
“To give something like this is to say we want our community to grow, were inviting you to come here, were inviting you to be prosperous and do it in our backyard,” Edward said.
He said it would be an engine of economic development, including some 6,500 that could put the state on the big business map and have a lasting impact for generations.
Edward isn’t saying too much about where exactly the chunk of land is other than it is in the Albuquerque metro.
“It has a lot of great attributes you can’t go out and reproduce,” Edward said.
Edward said that includes a major power source and close access to a busy railway, two things he said they will need.
“It could be limitless in its value,” Edward said.
According to Forbes, Tesla would need 500 acres to build. But Edward believes it would only take 230 for the factory leaving the rest for solar development.
It is a competition Edward said New Mexico can win.
KRQE News 13 asked the state if it would be willing to give Tesla a break on lan, but the Economic Development Office said it doesn’t disclose negotiations.
Edward hopes others in the private sector will step forward and offer up services.
A decision from Tesla on where they will build isn’t expected until the end of the year.