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Oracle in Nashville: 8,500 jobs, 1,200,000 sq. ft. of space, $1.2B Investment

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On 7/26/2019 at 4:05 PM, titanhog said:

At 500k square feet...they would need at least 20 floors of an office building...right?  (at 25k per floor)

For example :  Bridgestone tower is 30 floors at total 514,000sq 

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18 hours ago, smeagolsfree said:

With the total elimination of the Hall tax by 2022 and the fact that there is no state income tax or State property tax, this will help to lure other people and business to the state.

The same thing that attracts all of these employers is what prevents our State from being able to support them with the mass transit infrastructure that is needed. Maybe California taxes are too high, but there’s a problem with taxes too low as well. Ask Kansas how that went. 

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Agree, as sales taxes are great when the economy is great, but when the economy takes a dive, then there are a lot of cuts and the State suffers.  As some point the State will have to figure out a way to supplement the sales tax.

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On ‎7‎/‎29‎/‎2019 at 11:41 AM, CenterHill said:

The bigger trick is how to not have local solutions to local problems preempted by the state legislature 

I'm all in favor of local governance, however I wonder if there is a distinction to be made between restricting local freedoms and preserving local freedoms.  When I look at a city like Detroit, I wonder if there's anything the state of Michigan could have done to prevent that city from totally self destructing.  And didn't the state of Michigan ultimately have to take over governance of Detroit when the city was basically bankrupt?

I'm not saying Nashville is anything like Detroit, but I'm talking about the concept:  Should a state take action to preserve economic and civil liberties in a City (when they are threatened by local ordinances) if that city is one of the main economic engines driving the state economy?

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1 hour ago, urbanplanet17 said:

The State of Michigan did do a number of things to add insult to Detroit's injury.

Great information you provide there, thanks for adding that perspective!  You are right.  The state can both help and hurt the cities.  We will just have to address each Nashville issue as it comes along on its own merits.

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Maybe it never had anything to do with the rumored new office. Seems like quite a coincidence though. Could still be news in the next couple of days I guess. 

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If Oracle had a large presence in Nashville, it would be interesting if they eventually had their big Oracle OpenWorld conference at the Music City Conference Center.

Here's a story of the troubles going on at the San Fran site that caused the conference to move to Vegas. 

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3 hours ago, rolly said:

If Oracle had a large presence in Nashville, it would be interesting if they eventually had their big Oracle OpenWorld conference at the Music City Conference Center.

Here's a story of the troubles going on at the San Fran site that caused the conference to move to Vegas. 

Well, the article states that high hotel rates were a factor in relocating, then calls out Nashville specifically as a city with even higher hotel rates, so that's not promising.

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I saw that, but rates in Vegas are also high. And they don't have a big office in Vegas yet they were anxious to move on from the Bay Area so Vegas worked out. 

Assuming they locate 3000 employees in Nashville, then it could make a lot of sense to run their conference there as well.  Also by the time they get settled into to the Music City, there will be about 10 more hotels opening up, so rates could be coming down. 

Edited by rolly
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Putting the brakes on huge opportunities like getting Oracle?? 

I understand focusing on finances but we can still grow our economy at the same time with incentives. These two aren't mutually exclusive!

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36 minutes ago, downtownresident said:

From the article:

(Mayor's Finance Director Kevin Crumbo's) comments (about economic development incentives going on the back burner) also cast doubt on the administration's appetite for recruiting new companies, including tech giant Oracle, to town. According to transition documents obtained by the NBJ, Metro officials were "working with partners on 15 projects that would create more than 12,000 jobs and invest $1.5 billion into Nashville" at the time Cooper took office.

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