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Scores of North American cities are expected to bid for Amazon’s second corporate headquarters, or HQ2, but only two — Calgary and Denver — are in a real race to win it, based on the giant Internet retailer’s requirements, said Adam Waterous, a member of the executive advisory committee of Calgary’s bid.

“Here’s the punch line: Based on the data, third party analysis shows that it’s a two-horse race between Denver and Calgary … and we are running the faster race,” the chief executive of Waterous Energy Fund and the former global head of investment banking at Scotiabank, said Wednesday.

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“We think we have a large competitive advantage over Denver. We think we have a very good chance of winning this.”

Strengths

In an interview, Waterous said Calgary beats the Colorado city in four areas: lower cost of living, less traffic congestion, availability of office space, and opportunity for Amazon to amplify its global nature.