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Charlotte is small peanuts next to NYC. Also, if the NYC banking industry thrives, wouldn't that filter down to us? The banking industry's success is not location specific. If one does well, they all tend to do well.
As far as jobs are concerned, he can't change the fact that per sq. mile, Charlotte is less expensive to conduct business in. No one in government has been able to keep jobs from going to India, why would you think they're going to suddenly harm poor little Charlotte?
Good point, MV. Bloomberg can't do as much damage as our own corporations have done to business (all over this country) by outsourcing jobs to India.
Honesetly this is a good idea for NYC. IMO Bloomberg is a great mayor and I would like to see him run for President someday. He's smart and his ideas make sense to me. I was never a fan of Pat in Charlotte. I don't know if it will hurt/help Charlotte but I have a lot of admirmation for Bloomberg.
This thread is probably about a few seconds away from being closed. The fact is, the Mayor of New York and the state of New York’s legislations has nothing to do with Charlotte. There are those who are going to view Citi’s purchase of Wachovia as some sort of one-upmanship of NY over Charlotte, but it’s really not that at all. NY and Charlotte are completely different animals.
And despite that what happened yesterday satisfies some disgruntled transplants looking to move back up North, trust that this is not the beginning of some great “re-migration”. The net loss of jobs in financial services in Charlotte is going to pale in comparison to NY, and folks will continue to run swiftly out of that region to other cities. Coupled with all the turmoil, and the average price per square foot of commercial real estate continuing to rise astronomically, you’re going to see more companies based there do exactly what companies like TIAA CREF have done, and what Citi is getting ready do, which is base a ton of their employees elsewhere.
This thread is probably about a few seconds away from being closed. The fact is, the Mayor of New York and the state of New York’s legislations has nothing to do with Charlotte. There are those who are going to view Citi’s purchase of Wachovia as some sort of one-upmanship of NY over Charlotte, but it’s really not that at all. NY and Charlotte are completely different animals.
And despite that what happened yesterday satisfies some disgruntled transplants looking to move back up North, trust that this is not the beginning of some great “re-migration”. The net loss of jobs in financial services in Charlotte is going to pale in comparison to NY, and folks will continue to run swiftly out of that region to other cities. Coupled with all the turmoil, and the average price per square foot of commercial real estate continuing to rise astronomically, you’re going to see more companies based there do exactly what companies like TIAA CREF have done, and what Citi is getting ready do, which is base a ton of their employees elsewhere.
Your post makes a lot of sense to me, CBlue.
Let's face it . . . corporations make the decision to locate in a particular spot b/c basic criteria are met. Those criteria may differ from company to company, but usually, the cost of doing business is at least one of those factors. Proximity to vendors and/or clients can be another criteria . . . and I would think it will all come down to what the CEO and Board of Directors decide is "best for business."
Charlotte has been in a panic before . . . maybe no one remembers how crazy it was when BofA bought out NationsBank. Same rumors . . .
This thread is probably about a few seconds away from being closed. The fact is, the Mayor of New York and the state of New York’s legislations has nothing to do with Charlotte. There are those who are going to view Citi’s purchase of Wachovia as some sort of one-upmanship of NY over Charlotte, but it’s really not that at all. NY and Charlotte are completely different animals.
And despite that what happened yesterday satisfies some disgruntled transplants looking to move back up North, trust that this is not the beginning of some great “re-migration”. The net loss of jobs in financial services in Charlotte is going to pale in comparison to NY, and folks will continue to run swiftly out of that region to other cities. Coupled with all the turmoil, and the average price per square foot of commercial real estate continuing to rise astronomically, you’re going to see more companies based there do exactly what companies like TIAA CREF have done, and what Citi is getting ready do, which is base a ton of their employees elsewhere.
I totally agree and see no correlation whatsoever between the mayor of NY and the future of CLT.
Coupled with all the turmoil, and the average price per square foot of commercial real estate continuing to rise astronomically, you’re going to see more companies based there do exactly what companies like TIAA CREF have done, and what Citi is getting ready do, which is base a ton of their employees elsewhere.
This is very true. I know that Citi is looking to cut costs and move some people out of NY and I wouldn't be surprised to see them move people down here and open up new positions here as well.
This thread is probably about a few seconds away from being closed. The fact is, the Mayor of New York and the state of New York’s legislations has nothing to do with Charlotte. There are those who are going to view Citi’s purchase of Wachovia as some sort of one-upmanship of NY over Charlotte, but it’s really not that at all. NY and Charlotte are completely different animals.
And despite that what happened yesterday satisfies some disgruntled transplants looking to move back up North, trust that this is not the beginning of some great “re-migration”. The net loss of jobs in financial services in Charlotte is going to pale in comparison to NY, and folks will continue to run swiftly out of that region to other cities. Coupled with all the turmoil, and the average price per square foot of commercial real estate continuing to rise astronomically, you’re going to see more companies based there do exactly what companies like TIAA CREF have done, and what Citi is getting ready do, which is base a ton of their employees elsewhere.
Perhaps you mis-understood my OP. My references earliar today were in reference to which mayor (NY or CLT) will reach out with incentive to hold or draw people, business, tax revenuesbetter. Never implied "one upmanship" . Furtherst thing from my mind. What is more important is, for me at least, what direction can the 2 city governments take to become stronger. The problem for me ia acute since I am a property owner in both states and I would like to be a little ahead of the curve in my thinking.
I certaintly hope that this thread is not "seconds away from being closed" as I see the subject matter pertainent to the city of Charlotte and I would welcome the opinions of others.
Perhaps you mis-understood my OP. My references earliar today were in reference to which mayor (NY or CLT) will reach out with incentive to hold or draw people, business, tax revenuesbetter. Never implied "one upmanship" . Furtherst thing from my mind. What is more important is, for me at least, what direction can the 2 city governments take to become stronger. The problem for me ia acute since I am a property owner in both states and I would like to be a little ahead of the curve in my thinking.
I certaintly hope that this thread is not "seconds away from being closed" as I see the subject matter pertainent to the city of Charlotte and I would welcome the opinions of others.
Your original points were all taken. My point is that rather this legislation passes in New York, and rather Bloomberg continues on as mayor of New York, has absolutely nothing to do with Charlotte.
Your original points were all taken. My point is that rather this legislation passes in New York, and rather Bloomberg continues on as mayor of New York, has absolutely nothing to do with Charlotte.
OK. Sorry I posted something that I thought would have an effect of CLT's future. Will try harder to stay very local in the my postings
je
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