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A Chicago private-equity investor was the only bidder in the latest attempt to sell XL Center
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[QUOTE="freescooter, post: 2772879, member: 1023"] Yeah...that’s not it. All of these companies that left...GE is shrinking by the day. Probably be acquired much like Aetna within a year or two. Speaking of which Aetna was bought by a drug store chain. And they aren’t moving to New York. Here is one thing that IS true though. The workforce has shrunk lots of places. How many people still have secretaries? I used to have 2. Now I have a computer. The afore mentioned Aetna employed literally thousands to type documents that are avilable on line today. Pratt & Whitney has 1 guy with a computer directed laser do the work of 10-12 guys 15 years ago. Oh and that 1 does it faster and more accurately than the 10-12. Relying on those old line companies for future growth is like relying on the production of buggies in 1908. A fair number of new firms have opened offices here but they are mostly smaller. Tend to have some upside potential but it is just that. But a fair amount of stuff is happening in Downtown. Vacant building are being brought back to life. But in recognition of the new reality they are for different uses than 20 years ago. Reality is that with hdtv and costs and everything else live sports are not drawing as they did. Sure big games still draw but I saw UNC-Duke hoop last year for $5 over face at the door. Neither sells out every game. Michigan, MICHIGAN, has quietly run deals to sell out some games. Rant over! [/QUOTE]
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A Chicago private-equity investor was the only bidder in the latest attempt to sell XL Center
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