Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Georgia > Atlanta
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 10-21-2018, 12:22 PM
 
Location: Blackistan
3,006 posts, read 2,629,648 times
Reputation: 4531

Advertisements

Let's speculate on their new headquarters building. I wonder if they intend to go for a build-to-suit HQ like NCR or if they'll snatch up one of the current proposed towers near Tech Square.
Reply With Quote Quick reply to this message

 
Old 10-21-2018, 12:23 PM
 
8,302 posts, read 5,705,570 times
Reputation: 7557
Quote:
Originally Posted by Pemgin View Post
Let's speculate on their new headquarters building. I wonder if they intend to go for a build-to-suit HQ like NCR or if they'll snatch up one of the current proposed towers near Tech Square.
All indications suggest they're planning a build-to-suit HQ.
Reply With Quote Quick reply to this message
 
Old 10-21-2018, 12:28 PM
Status: "Pickleball-Free American" (set 3 days ago)
 
Location: St Simons Island, GA
23,462 posts, read 44,083,751 times
Reputation: 16851
Quote:
Originally Posted by citidata18 View Post
All indications suggest they're planning a build-to-suit HQ.
Per the article I posted in #32:

"There would be construction of a new headquarters building, according to Squires, as opposed to leasing existing office space in Atlanta. That would mean that most employees choosing to relocate would not need to go until 2021, but that there could be some employees who make the shift to Atlanta next year, according to the report of Squires' video."
Reply With Quote Quick reply to this message
 
Old 10-21-2018, 12:30 PM
 
8,302 posts, read 5,705,570 times
Reputation: 7557
Quote:
Originally Posted by Iconographer View Post
Per the article I posted in #32:

"There would be construction of a new headquarters building, according to Squires, as opposed to leasing existing office space in Atlanta. That would mean that most employees choosing to relocate would not need to go until 2021, but that there could be some employees who make the shift to Atlanta next year, according to the report of Squires' video."
I think it also states that they're using the proceeds from The Gulch sale to pay for it.
Reply With Quote Quick reply to this message
 
Old 11-08-2018, 07:58 AM
 
Location: Kirkwood
23,726 posts, read 24,863,148 times
Reputation: 5703
Norfolk Southern is looking for $600M in bonds from Invest Atlanta.
Quote:
With the promise of its Gulch land being sold, Virginia-based railway giant Norfolk Southern is looking for a little incentive from Atlanta's economic development arm to build its own 750K SF headquarters. Norfolk Southern is seeking approval for $600M in lease purchase bonds to develop a $575M headquarters at the former Atlanta Roman Catholic Archdiocese site in Midtown Atlanta. Invest Atlanta's board will vote on the measure Thursday. The site known as Ponce & 3rd is where Cousins Properties has reportedly tied up a portion of the site to make way for Norfolk Southern's headquarters. Chicago-based CA Ventures has purchased the other portion of the property for a 27-story student housing tower.
https://www.bisnow.com/atlanta/news/...medium=Browser
Reply With Quote Quick reply to this message
 
Old 11-08-2018, 08:25 AM
 
Location: NW Atlanta
6,503 posts, read 6,120,315 times
Reputation: 4463
Quote:
Originally Posted by cqholt View Post
Norfolk Southern is looking for $600M in bonds from Invest Atlanta.

https://www.bisnow.com/atlanta/news/...medium=Browser
And our officials will continue to take it up the you-know-what.
Reply With Quote Quick reply to this message
 
Old 11-08-2018, 08:28 AM
 
8,302 posts, read 5,705,570 times
Reputation: 7557
Quote:
Originally Posted by cqholt View Post
Norfolk Southern is looking for $600M in bonds from Invest Atlanta.

https://www.bisnow.com/atlanta/news/...medium=Browser
LMAO!!!

Gotta love it.
Reply With Quote Quick reply to this message
 
Old 12-06-2018, 08:09 AM
 
Location: Kirkwood
23,726 posts, read 24,863,148 times
Reputation: 5703
So not only did we give them a deal on their parcels in The Gulch, we are also giving a deal for their HQ.
Quote:
Invest Atlanta’s board unanimously approved a deal that would give Norfolk Southern Corp. (NYSE: NSC) a property tax break worth nearly $24 million over 10 years, if the Norfolk, Va.-based railroad moves its headquarters to Midtown.

The idea is that the railroad would build a 750,000-square foot office building on West Peachtree Street between Ponce De Leon Avenue and 3rd Street. That’s on the block just west of the Fox Theater and AT&T. It would be an investment of about $575 million.

A Norfolk Southern relocation would be worth about 850 new jobs to Atlanta, where the company already employs 2,025 people.

The building would still be liable for more than $62 million in taxes over 10 years, of which about $31 million would go to city schools.
https://www.bizjournals.com/atlanta/...q-atlanta.html
Reply With Quote Quick reply to this message
 
Old 12-06-2018, 08:56 AM
 
Location: I'm gettin' there
2,666 posts, read 7,335,822 times
Reputation: 841
This is a very disturbing trend - we saw it with Amazon HQ2 and I'm sure other corporate relocation's get some kickbacks, but why do these rich companies need concessions ? They pay close to zero income tax - yes they do generate employment which is the biggest draw, but the states are already setting themselves back before they can see any revenue from the new acquisition.

If no one provides any incentives (utopia - I know) I'm pretty sure eventually the companies will still move - maybe delay it a bit more, but then it will be for the right reasons. It seems like now its a matter of who can bend their back the most - bad for the residents in the long term.

It looks like on every deal - the ROI is amazing over the long term for the location that grabs the company.
Reply With Quote Quick reply to this message
 
Old 12-06-2018, 09:28 AM
 
8,302 posts, read 5,705,570 times
Reputation: 7557
Quote:
Originally Posted by cqholt View Post
So not only did we give them a deal on their parcels in The Gulch, we are also giving a deal for their HQ.

https://www.bizjournals.com/atlanta/...q-atlanta.html
All this for a mere 800 more jobs, probably when they would have eventually moved to Atlanta any way give the vast majority of their corporate jobs are already here.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Georgia > Atlanta

All times are GMT -6. The time now is 06:35 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top