Quote:
Originally Posted by intrepidDesign
Time and time again I see this. Getting corporations to relocate from the suburbs is like robbing Peter to pay Paul. Chicago and Illinois should be focusing on acquiring new corporate HQ's from overseas, or at the very least, out of state. Hollowed out suburbs will just spell trouble for the city, time to start thinking a little differently about city/suburb dynamics, I don't see the two being mutually exclusive.
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Firms are more productive in cities, so unless they're moving just for tax incentives the overall benefits almost certainly exceed the loss to the burbs. (The fact that many firms were originally lured or kept in the burbs by tax incentives only strengthens this point)
And there are already many mechanisms at the federal, state and county level that re-distribute the pie so that everyone can be better off after corporate relocations. To the extent that these are inadequate, we can come up with more revenue sharing arrangements.