Movin' on out

NYC Councilman begs Goldman Sachs, “please don’t leave us”.

Mind you, the rest of the City Council is determined to keep business out, killing Amazon’s proposed 25,000 - job project and redevelopment projects in Brooklyn, so this fellow’s just a voice crying in the wilderness.

From the article:

Tom Wolfe once posited that there were many CEOs “who kept their headquarters in New York long after the last rational reason for doing so had vanished . . . because of the ineffable experience of being a CEO and having lunch five days a week in [fancy expense account restaurants] in Manhattan!” So it’s no surprise that, among the myriad other reasons to flee New York, Andrew Cuomo’s war on restaurants is also helping to accelerate the business exodus.

Long term, this doesn’t bode well for Greenwich real estate: who do you think is buying all these houses?