gm reportedly moving the Detroit HQ

[DeadheadNM]

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

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

[LT7A]

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

[Palf70Step]

Originally Posted by LT7A

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

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.

[Boog]

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.

[71CHEVYSHORTBED402]

Originally Posted by Palf70Step

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.

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