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I take back my negative comment on American Greetings....this could be good. A lot of possibilities for NEO/Cleveland!
Quote from: MuRrAy HiLL on January 07, 2010, 01:52:09 PMI take back my negative comment on American Greetings....this could be good. A lot of possibilities for NEO/Cleveland!Can you say District of Design?
What about some regional cooperation? The city could share property taxes with Brooklyn and offer tax incentives to stay, along with the State of Ohio. Now that the news is out there, the region and this state needs to do all it can to keep this company here.
I personally can not support the economic demise of Brooklyn, OH for the benefit of Downtown Cleveland - these two cities border eachother.
The only good scenario that I could have imagined is if (since the head of AG is friends with Bob Stark) that they moved downtown into his warehouse district project, but that is no longer on the table for Stark.
Not that I put a lot of stock in cleveland.com comments, but several people say a lot of the controlling powers that be at AG live on the E side, and that that's where they'll relocate. *throws away job posting from AG from earlier this week*
Quote from: willyboy on January 07, 2010, 01:47:21 PMThe only good scenario that I could have imagined is if (since the head of AG is friends with Bob Stark) that they moved downtown into his warehouse district project, but that is no longer on the table for Stark. I wasn't aware they were friends. While Stark isn't a player in the Warehouse District anymore, he does have other properties downtown (East 14th/Prospect area).
As an executive with AG for over 16 years Ill give you my two cents on this situation. AG is still owned and controlled (even though it is a publically traded company) by the heirs of Irving Stone. All of Irving's grandsons run the company; Zev is CEO, Jeff is President, Gary is SVP, their father Morry is Chairman of the Board. The entire family lives on the same street in Beachwood - due to their faith they must walk to Synagogue on Saturdays. They are an extremely devout Jewish family. They would never move the company to a location without a sizable Jewish population (ie Charlotte). They would however, and have dreamed about, moving the company to the I-271 corridor. They looked at the former MBNA space but the Clinic beat them to it. There are 2000 employees today in the HQ - 15 years ago there were 3,800. As you can imagine about half the HQ is empty. Now is a perfect time to move to a smaller building on the East Side with lower taxes and a shorter commute for the owners. I think AG will be in Chagrin Highlands in 2 - 3 years tops.