UPDATED: Norfolk Southern's relocation to Atlanta is official

[mahatmakanejeeves]

Hat tip, Trainorders:

Eastern Railroad Discussion > NS Expected to announce HQ move to ATL Wed 12/12

Date: 12/11/18 20:03
NS Expected to announce HQ move to ATL Wed 12/12
Author: nsrlink

Full Article in Atlanta Journal Constitution

In part.....

Gov. Nathan Deal and Atlanta Mayor Keisha Lance Bottoms are expected Wednesday to formally announce a completed deal to relocate the headquarters of railroad giant Norfolk Southern to Atlanta, two people with knowledge of the situation told The Atlanta Journal-Constitution.Deal has called a 2 p.m. press conference at the State Capitol in what will mark the culmination of years of work to recruit the Fortune 500 railroad away from its home in Norfolk, Va.......Last week, the city of Atlanta’s development arm, Invest Atlanta, approved $23.6 million in tax breaks for Norfolk Southern’s future headquarters campus in Midtown at West Peachtree Street and Ponce de Leon Avenue. State tax credits for newly created jobs and other perks could increase the value of the incentive package by millions more.Norfolk Southern plans a 750,000-square-foot tower totaling about $575 million, according to an Invest Atlanta document. The company is expected to relocate or create 850 jobs and retain more than 2,000 jobs currently located in Midtown near the Woodruff Arts Center.



Edited 1 time(s). Last edit at 12/11/18 23:48 by nsrlink.

UPDATED: Norfolk Southern’s relocation to Atlanta is official

Dec 11, 2018
By J. Scott Trubey Greg Bluestein, The Atlanta Journal-Constitution

UPDATED: Norfolk Southern confirmed Wednesday its plans to relocate from Virginia to Atlanta at a press conference at the State Capitol. ... The company’s move will lead to 850 new and relocated jobs to the city over the next several years, and retain some 2,000 existing corporate jobs in Midtown.

Norfolk Southern Chairman and CEO said in a news release the move to Atlanta will allow the Fortune 500 railroad to have all its decision-makers together when its new Midtown campus opens in 2021.

The original story continues below.

Original post: Gov. Nathan Deal and Atlanta Mayor Keisha Lance Bottoms are expected Wednesday to formally announce a completed deal to relocate the headquarters of railroad giant Norfolk Southern to Atlanta, two people with knowledge of the situation told The Atlanta Journal-Constitution. ... Deal has called a 2 p.m. press conference at the State Capitol in what will mark the culmination of years of work to recruit the Fortune 500 railroad away from its home in Norfolk, Va.
....

[underpants]

1. They bailed on Roanoke a few years ago

[unc70]

2. They want to be closer to a major airport

[Guppy]

3. This is the southern idea of creating jobs

There are no new jobs. There is no net gain. It takes jobs from one part of the country and moves them to another part of the country. This started in the sixties when the moved shoes and linens out of the north. Stupid business practices and does nothing for the country.