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Coronavirus pandemic or not, an investment advisory company is leaving the cultural unrest in Seattle and moving its headquarters to Phoenix’s Camelback Corridor.
” … The unrest that has taken place in the city of Seattle … there is really is not a downtown business community today,” Smead Capital Management, President and CEO Cole Smead told KTAR News 92.3 FM.
...
Smead said that although taxes in Seattle are lower, candidate recruitment is harder and the cost of living within the city is more expensive than Phoenix.
“We’re hearing rumors of 40-story buildings that will be only 20-percent occupied by October,” Smead said.
This is the price of weak leadership in government and rampant liberalism.
It's a start. Wait till Amazon pulls up stakes. Or even Boeing-they have already driven them to move their new production plant out of state. Musk is bailing on CA to somewhere with some sense.
No doubt there will be more moves of this nature, but Smead is a very small boutique asset manager with less than 15 staff. The billion dollar headline is simply the total of assets they manage for clients.
“We’re hearing rumors of 40-story buildings that will be only 20-percent occupied by October,” Smead said.[/color][/indent][/i]
I, on the other hand, have been hearing rumors that the old cranky right-wingers have been so enraged by the fake news on Fox that they are at risk of spontaneously bursting into flames.
Because rumors always come true. Especially those we read on the Internet.
According to LinkedIn. This "company has 11 to 50 whole employees with just 6 liscensed advisors. Big loss. How will Seattle recover
True.
But how many others may follow suit?
Or if not, just expand their operations elsewhere or don't go there in the first place?
Looking at various US cities that have "hollowed out" like Philly, Detroit and so forth, as well as states like Illinois, it's naive to discount that policies and events don't have ramifications.
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