Quote:
Originally Posted by adamuptownsj
I'm not an Irving hater but they're sitting on acres of prime development land for what seem like weird internal ideological reasons about not wanting adjoining property owners. What's the point of all this? How does it benefit them?
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It doesn't. You know, decades ago as a kid I used to think "Wow, the Irvings must be really smart to have built what they did". But over the years, and after being far away and seeing the world, I realize now how much of an opportunity they have missed out on.
They are a very insular organization, despite what they say about "being there for the community". You see this with the parking lot proposal fiasco near the mill, the distributed workforce in cheap warehouses around the city. They do things based on a very narrow "nickels and dimes" approach to their business.
Example: They'd rather not have anyone block their view so they'll convert an art deco building into grass - as opposed to allowing it to be housing for skilled people to live uptown and walk to work. Or on the oil side, if they are in fact buying Chipman Hill to provide their own accommodations for corporate guests, it might save them $140/night but what does that do to the broader accommodations sector in town?
Other similar family-owned businesses around the globe have been far more inclusive with the surrounding community. They've built universities, museums, parks, started business incubators, restored historic buildings for public enjoyment, and more. They encourage employees to support the local community and small businesses while sponsoring countless festivals, sports teams, and more. Heck, I know one family that bought the only hotel in town, upgraded it, and made it suitable for their visitors AND tourists. Why? Because it makes their hometown more desirable to live in. A more desirable place to live, the easier it is to attract top talent to relocate. The more investment back into the community, the more accepting the locals are to your development requests.
If both "Irving's" had taken a different approach to how they support the local community, made Saint John less of a "Flint" from their businesses and more a "Pittsburgh", the benefits for the community, and their revenues, would have been significantly bigger than they are today. I'd argue they'd be global Fortune 100 companies had they not been so cheap and insular.
Sad really.