Rebuilding Place in the Urban Space

"A community’s physical form, rather than its land uses, is its most intrinsic and enduring characteristic." [Katz, EPA] This blog focuses on place and placemaking and all that makes it work--historic preservation, urban design, transportation, asset-based community development, arts & cultural development, commercial district revitalization, tourism & destination development, and quality of life advocacy--along with doses of civic engagement and good governance watchdogging.

Thursday, February 07, 2019

When big corporations move their headquarters, it's interesting to read the press coverage in both the winning and losing towns

In December, it was announced that Norfolk Southern railroad is leaving Norfolk ("Real damage from Norfolk Southern's departure may be to Hampton Roads' image," Experts still hopeful about downtown despite loss of Norfolk Southern," and "Virginia, Norfolk may seek up to $4 million refund over broken promise as Norfolk Southern move advances," Norfolk Virginian-Pilot) for Atlanta ("Norfolk Southern CEO confirms HQ move to Atlanta," Atlanta Journal-Constitution).

Today it was announced that SunTrust Bank of Atlanta ("New details, reaction to SunTrust merger with BB&T," AJC) is merging with BB&T, consolidating in Charlotte, North Carolina ("BB&T, SunTrust announce blockbuster merger as Charlotte gains a new bank headquarters," Charlotte Observer), with BB&T relocating from Winston-Salem, North Carolina ("BB&T buys SunTrust in $66 billion deal; combined bank to move HQ to Charlotte," Winston-Salem Journal).

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