Gov. Bentley works on Huntsville's Boeing proposal - WAFF-TV: News, Weather and Sports for Huntsville, AL

Gov. Bentley works on Huntsville's Boeing proposal

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City leaders hope to convince Boeing that expanding its presence in Huntsville is the best business decision. (Source: Boeing) City leaders hope to convince Boeing that expanding its presence in Huntsville is the best business decision. (Source: Boeing)
HUNTSVILLE, AL (WAFF) -

Alabama Governor Robert Bentley will meet with the state's chief industrial recruiters to talk about a potential move by Boeing. The aeronautics company is looking to relocate its 777X project after a Washington union voted down the contract.

Two weeks ago, WAFF confirmed Boeing officials met with Huntsville leaders and the governor about the possibility of relocating the 777X project to the Tennessee Valley. The project has the potential to bring thousands if not tens of thousands of jobs. Other states including California, Missouri, and South Carolina are expected to submit bids and possible incentive packages by Boeing's Dec. 10 deadline.

"I was told when I met with [Boeing] two weeks ago that Alabama was the first state that they met with," said Governor Bentley. "Alabama has things to offer that I believe other states can't offer."

Athens State University Economist Dr. Tom Pieplow calls a Boeing move to Huntsville a game changer. According to Pieplow, offering an incentive package to Boeing is low risk because the company has the potential to produce quality jobs for decades. Pieplow added some of Boeing's subcontractors would possibly consider a move to wherever the project relocates and that means even more jobs.

"This is going to be Boeing's next generation of aircraft and we're not talking about just domestic sales. In fact, if you were to talk to Boeing most of their sales for this type of aircraft are now international or global," said Pieplow.

Real Estate experts predict a shakeup to the Tennessee Valley real estate market if Boeing moved to Huntsville. Real Estate agent Debbie Epperson pointed to previous BRAC's that saw the area see significant growth over a short period of time. According to Epperson, the Huntsville area would likely turn from a seller to a buyer market the second Boeing announced if they were to come. Epperson believes we have enough quality homes to support the move. According to ValleyMLS.com, the region has around 7,500 homes for sale and another 550 rentals available.

"Just because you make $150,000 a year as an engineer doesn't necessarily mean you'll buy a million dollar home like you might in southern California," said Epperson. "When people move to Alabama, they think they can get a little more house for a little less money and they are conservative."

Boeing has not announced when they'll make a decision on where they'll manufacture the 777X. 

Copyright 2013 WAFF. All rights reserved.

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