On the table: The high-stakes game of who can offer the most incentives.

As Colorado entered the race Wednesday with its bid to entice Amazon to open its second headquarters in metro Denver, some locals are saying no thanks to the retail giant and its promise of up to 50,000 new jobs and a $5 billion investment.

“No, no, no — let another city ‘win,’ ” Jeff Medaugh wrote on Twitter. “Increased traffic, single employer, higher housing prices, quality of life issues — remember the oil economy here?”

Concerns are partly about corporate welfare but more so on the potential impact to those already living here. The threat of increased traffic, the rise in unaffordable housing, the burden on the city’s infrastructure and the impact on lower-income citizens rise to the top.

“How will Amazon make sure the jobs they create are available to people who have lived here for years?” Felicia Griffin, with Wheat Ridge-based community group United For A New Economy, said in a statement. “The city and region should be focused on creating accessible, high quality jobs for members of our community that have been left out of the state’s economic growth, not creating new opportunities for those already thriving. ”

Griffin fears Amazon’s entry could lead to an increase in housing prices across the region.

Republican state Sen. Tim Neville from Littleton said the state needs to focus on fixing transportation issues and updating its infrastructure. Amazon is just side tracking state resources.

“Any company that is coming into Colorado, that’s always great news that we’re attracting people because we have a great business climate,” Neville said. “But my frustration is that the infrastructure that is going to be necessary to absorb the impact of 50,000 jobs, we haven’t been paying for that and the governor has not led successfully to make that happen.”

In a 2015 report, the Reason Foundation concluded that Denver traffic congestion was already bad and getting worse.

“Denver for its size already has really bad traffic and this will make it worse,” said author Baruch Feigenbaum, Reason’s assistant director of transportation policy. “There’s going to be a big increase in jobs (with Amazon), which is good for the economy. But there will be a substantial increase in traffic. ”

Feigenbaum recommended the region invest in dynamically priced express lane capacity, an express bus network and a rapid transit system that runs on major urban roads. “But if Denver gets Amazon, they will need to speed up those plans,” he said.