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Originally Posted by NYguy
I wonder why the city chose to push this tower as a symbol of rebirth, rather than 175 Park, especially considering the formal review won’t begin until Jan or Feb. But I’m guessing a lot has to do with the anchor tenant (Citadel) making that committment. Even if that happened a year ago. Still, when 175 Park announces a tenant, I’m sure the mayor will publicize it too. This is what Hochul should be doing with Affirmation Tower.
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Yes, especially since Citadel is in the financial service industry and the mayor want to tell the world that NYC remains the undisputed financial capital and financial companies continue to expand there. I've seen articles mentioning that Dallas is catching up to NYC in financial service jobs and I am sure the mayor is aware of those articles and the 'competition' from TX. For example, there was an article (I think from the WSJ) mentioning that even though JPMC is building the new HQ in NYC, the company has more employees in Texas and a huge number in Dallas and all of these other financial companies were adding new offices and thousands of employees there rather than NY state. And I recall a year or two ago, the NYSE was flirting with relocating the NJ back offices operations to Dallas because of some planned new trading tax. But of course, Dallas is not the financial capital of the world even as it gains a lot of financial service jobs. And NY continues to attract new financial service jobs even as hedge fund billionaires move down to Florida or businesses expand in TX because of lower taxes and cheaper costs.