gm reportedly moving the Detroit HQ
 

Looks as if gm will be moving to another building in Detroit:

http://www.autoblog.com/2024/04/15/g...ZUJCPHLuyUijIG

Re: gm reportedly moving the Detroit HQ
 

It's hard to imagine the economics that would drive leaving buildings you own and had invested a billion dollars in over the years.

Re: gm reportedly moving the Detroit HQ
 

I have been told that many companies do it for the tax breaks and tax benefits. Big amounts from what I have been told to me.

Re: gm reportedly moving the Detroit HQ
 

Cadillac relocated it's corp hq to New York a couple of years ago. You have to wonder what it costs the brand, long term, to make these moves. Cadillac to NY I see as big money moving into a more expensive neighborhood.

Re: gm reportedly moving the Detroit HQ
 

Interesting. Perhaps depreciation too. On a side, gov. Buildings big money too. I know of one who builds the best buildings, world competition. Gov. Bus. So good they primarily left private behind, beginning the housing crash. The co. Leases the buildings to gov., very long term contracts. Bs if you ask me, the gov. Doesnt deserve it, ripping off the taxpayer. They should take that building up in detroit:smoke:

Re: gm reportedly moving the Detroit HQ
 

I used to work for a company called TRW. I averaged a different office every 6 months of my 25 year employment there. I jokingly called it, "Trading Rooms Weekly". :lol:

Re: gm reportedly moving the Detroit HQ
 

I guess this is what you all are talking about ...it was 6 days ago on the news

General Motors is temporarily moving its global headquarters out of the Renaissance Center in Detroit as the company works to redevelop the space.

Thought this also interesting

The Renaissance Center was the brainchild of Henry Ford II, who saw the project as a way to revitalize Detroit following the 1967 uprising. The complex cost $337 million to build, according to Free Press archives, and GM paid $73 million for it in 1996

Re: gm reportedly moving the Detroit HQ
 

The new Hudson building is going to be quite a showpiece they used much of the original foundation with some updates the company I work for did a bunch of concrete cutting there..