Salt Lake City: Official Development News Thread - Part 5 - Page 92

Marvland · #**1821** Posted **Jan 4, 2018, 7:00 PM**

The New York Times just published a great article on our airport expansion:

https://www.nytimes.com/2018/01/02/b...enovation.html

airhero · #**1822** Posted **Jan 4, 2018, 7:05 PM**

Quote:

Originally Posted by Utah_Dave

Why do you think Austin is getting the bulk of the development and San Antonio is missing out? The cities aren't to far apart. Is it a local government thing? College variable? Is it kind of like our Lehi verses downtown dynamic? Or is it a hipster/ millennial thing? I'm very curious

I'm not entirely sure but there is a combination of things. In terms of aesthetics Austin is a lot more attractive than San Antonio. There is more greenery, more hills, downtown is beautifully located along the Colorado River. Also it's the capital of Texas, downtown is adjacent to probably the most important university in Texas, and as the most liberal city in Texas, I think it does appeal to a younger demographic, more likely to locate downtown.

San Antonio is actually seeing large growth too, just not so much downtown.

I think Salt Lake is fine. I've enjoyed living here a lot and I constantly meet people from elsewhere who have moved here and love it. Perhaps we just have a higher concentration of whiners on the forum, which is understandable considering many people here are highrise/skyscraper enthusiasts, which isn't one of Salt Lake's strengths. I stopped expecting a highrise boom a long time ago. Salt Lake isn't going to suddenly get all the planned highrises (CCH, Cascade, Tower 8, 151, Regent Street Hotel, Millennium Tower, Ritchie Group phase 2) in the span of 2-3 years. I predict maybe one of those to be under construction by the end of 2020. Which is okay!

Jiffy · #**1823** Posted **Jan 4, 2018, 7:41 PM**

Quote:

Originally Posted by Marvland

This line of argument makes me laugh a little. Dozens of F500 companies have major presence in Utah. Many of them have larger off-premise presences than on-premise. What a terrible gauge for the performance of our market.

I don't really understand your reasoning for this post.(?) The question stated before wasn't how strong the market is or how many fortune 500 companies have a "presence" in Utah, if that's the case then every big city has a crap ton of them. What was stated was that Utah has claim to 1 fortune 500 company, which was Huntsman. But this simply isn't true, Huntsman is not a Utah 500 company, its a Texas company. It may have a huge presence in Utah, but that doesn't make it a Utah company or a Utah fortune 500.

jubguy3 · #**1824** Posted **Jan 4, 2018, 9:02 PM**

By fortune's qualifications, Huntsman is a Utah company. Utah has one fortune 500 company.

twig · #**1825** Posted **Jan 4, 2018, 9:24 PM**

Quote:

Originally Posted by jubguy3

By fortune's qualifications, Huntsman is a Utah company. Utah has one fortune 500 company.

That sounds like a desperate attempt to say that we have a fortune 500 company, when we all know, including you, that its truly a Texas company. You know, Google does a lot here and we have Google fiber. I think that enough to justify Google as a Utah company! That makes me feel great knowing we stretch things just enough to claim it our own to make us look just a little bit better

Of course the google analogy is quite a ridiculous stretch but so is trying to justify enough qualifications to say a business is Utah's because you want the title of having a fortune 500 when clearly the company is a Texas fortune 500.

Jiffy · #**1826** Posted **Jan 4, 2018, 9:29 PM**

Quote:

Originally Posted by jubguy3

By fortune's qualifications, Huntsman is a Utah company. Utah has one fortune 500 company.

2017 list of fortune 500 companies by state: https://www.statista.com/statistics/...nies-by-state/ Utah has 0. None, Nada. Like twig said, it doesn't matter how you try to justify it to yourself, its still not a Utah company. You sound like that guy who made up a lie decades ago and told it so many times that by now he actually believes his own lie is what happened.

twig · #**1827** Posted **Jan 4, 2018, 10:15 PM**

Quote:

Originally Posted by jubguy3

By fortune's qualifications, Huntsman is a Utah company. Utah has one fortune 500 company.

"To bend the truth: alter/distort the truth or facts so that somebody gets a particular impression of the 'real truth'." or a "false conclusion of the truth/reality".

wrendog · #**1828** Posted **Jan 4, 2018, 11:09 PM**

Quote:

Originally Posted by airhero

I'm not entirely sure but there is a combination of things. In terms of aesthetics Austin is a lot more attractive than San Antonio. There is more greenery, more hills, downtown is beautifully located along the Colorado River. Also it's the capital of Texas, downtown is adjacent to probably the most important university in Texas, and as the most liberal city in Texas, I think it does appeal to a younger demographic, more likely to locate downtown.

San Antonio is actually seeing large growth too, just not so much downtown.

Saying Austin is a lot more attractive than San Antonio is a little off.

San Antonio has just as much greenery as Austin. I live in north San Antonio, and this is definitely hill country here too. The Colorado River is awesome with downtown Austin, but SA has a great downtown with world renowned riverwalk. It is true that Austin has a larger appeal for the liberal, younger demographic.

asies1981 · #**1829** Posted **Jan 5, 2018, 1:23 AM**

Update on the Gateway's revival.

Comrade · #**1830** Posted **Jan 5, 2018, 6:03 AM**

Quote:

Originally Posted by Marvland

This line of argument makes me laugh a little. Dozens of F500 companies have major presence in Utah. Many of them have larger off-premise presences than on-premise. What a terrible gauge for the performance of our market.

Why does it make you laugh? McDonald's has a large presence in Utah. Does that mean we should claim it?

Huntsman Corporation only employs about 60 people in Salt Lake City - compared to ten times that in their Woodlands, TX headquarters.

The Huntsman Family's offerings in the medical research field is untouched. But the corporation has a very limited presence in Salt Lake City.

i-215 · #**1831** Posted **Jan 5, 2018, 7:21 AM**

A good analogy would be San Bernardino making a claim on McDonalds even though it was based in Illinois.

Mountain man · #**1832** Posted **Jan 5, 2018, 3:28 PM**

If Amazon builds their hq2 in Utah don't worry, I'll make sure to take note that its Utah's fortune 500

Always Sunny in SLC · #**1833** Posted **Jan 5, 2018, 4:48 PM**

Quote:

Originally Posted by Comrade

Why does it make you laugh? McDonald's has a large presence in Utah. Does that mean we should claim it?

Huntsman Corporation only employs about 60 people in Salt Lake City - compared to ten times that in their Woodlands, TX headquarters.

The Huntsman Family's offerings in the medical research field is untouched. But the corporation has a very limited presence in Salt Lake City.

While I don’t think we should count Huntsman as a Utah company it is not nearly far fetched as some are trying to claim. One of the reasons the headquarters of these companies matter is because it increases your states share of executive positions and therefore their spending power. Plus they tend to put there name on buildings, buy arena suites and otherwise spend a lot of money. That is more than partially true of Huntsman. The billionaire father owns suites, has names on buildings and otherwise contribute a lot of money to the area.

Mountain man · #**1834** Posted **Jan 5, 2018, 4:59 PM**

Just because someone shoots a basketball and hits the rim doesn't make it any different than air balling it in a basketball game. Its still a miss. Just because a business has a large presence in a certain area doesn't make it more okay to take claim of the business as if they had a small presence, both ways you still didn't make the basket. (the basket being claim of the fortune 500) So whether far fetched or not it doesn't change the fact, the fact being that Utah has no claim to Huntsman.

Marvland · #**1835** Posted **Jan 5, 2018, 9:32 PM**

Quote:

Originally Posted by Comrade

Why does it make you laugh? McDonald's has a large presence in Utah. Does that mean we should claim it?

Huntsman Corporation only employs about 60 people in Salt Lake City - compared to ten times that in their Woodlands, TX headquarters.

The Huntsman Family's offerings in the medical research field is untouched. But the corporation has a very limited presence in Salt Lake City.

Because it's a silly conversation, a useless metric for economic performance and this argument is burning my eyes. God. Make it stop. Please.

Comrade · #**1836** Posted **Jan 5, 2018, 9:41 PM**

Quote:

Originally Posted by Marvland

Because it's a silly conversation, a useless metric for economic performance and this argument is burning my eyes. God. Make it stop. Please.

It's not silly, though. The Fortune 500 is an expansive, well-respected list and often goes into the discussion of a city's financial value. It's a big reason Salt Lake City is generally an afterthought when it comes to MAJOR (read: NFL, NHL and MLB) sports league expansion lists - because the city, and state, lacks the type of corporate clout you'd need to make those sports ventures viable.

Just because you find it silly doesn't make it so.

twig · #**1837** Posted **Jan 5, 2018, 9:56 PM**

Quote:

Originally Posted by Marvland

Because it's a silly conversation, a useless metric for economic performance and this argument is burning my eyes. God. Make it stop. Please.

It may not effect too much on growth of a city but cities with lots of Fortune 500 companies tend to have a lot more higher paying jobs. Aka New York, San Francisco, Denver, Seattle, Dallas, Houston, etc, etc, etc.

It may sound stupid to you but having Fortune 500 companies really have a lot to add to a cities economy

wong21fr · #**1838** Posted **Jan 5, 2018, 10:15 PM**

Quote:

Originally Posted by twig

It may not effect too much on growth of a city but cities with lots of Fortune 500 companies tend to have a lot more higher paying jobs. Aka New York, San Francisco, Denver, Seattle, Dallas, Houston, etc, etc, etc.

It may sound stupid to you but having Fortune 500 companies really have a lot to add to a cities economy

Denver is also weak in this regard as there are only 10 Fortune 500 Companies in the metro area- only one of which is in Denver proper. Compare this with Seattle with 6 in the proper (3 of which are Top 100 companies) and 10 in the overall metro. The Rocky Mountain region is pretty poorly represented when it comes to having a large hometown corporate presence.

bob rulz · #**1839** Posted **Jan 5, 2018, 10:22 PM**

Is this really the debate we're going to have right now? Every time I think this thread is turning a corner we find something else to start a pointless debate over.

twig · #**1840** Posted **Jan 5, 2018, 10:24 PM**

Quote:

Originally Posted by wong21fr

Denver is also weak in this regard as there are only 10 Fortune 500 Companies in the metro area- only one of which is in Denver proper. Compare this with Seattle with 6 in the proper (3 of which are Top 100 companies) and 10 in the overall metro. The Rocky Mountain region is pretty poorly represented when it comes to having a large hometown corporate presence.

Even with 10 in the metro is still a lot more than a lot of major cities have for a city of Denver's size. Its understandable for New York, Texas, and California to dominate in this because of the sheer amount of population they have, but for cities like Denver and Seattle to each have 10 in their respected sized metros isn't anything to look past. Sure there are cities with more, but a lot of those cities are way bigger than Denver and Seattle.