Sustaining Cities: Urban Policies, Practices, and Perceptions

By Linda Krause | Go to book overview

HOSTAGE CITIES
UNSUSTAINABLE COMPETITION
FOR CORPORATE INVESTMENT

Linda McCarthy

Newspaper reports like the following are increasingly common across the United States:

In a move that is sure to set off a bidding war among communi-
ties in southeast Wisconsin and other states, Astronautics Corp.
of America, a low-key but high-tech Milwaukee manufacturer,
is seeking a new headquarters site that would employ 1,000
people…. Astronautics has retained Steve Palec, senior vice
president of CB Richard Ellis in Milwaukee, to conduct the
search. Palec was involved in 2007 in procuring headquarters
for GE Healthcare in Wauwatosa and Manpower Inc. in
Milwaukee…. While Astronautics executives prefer to remain
in Milwaukee, CB Richard Ellis will conduct a national search,
Palec said. “There’s nothing that would not be on the table
right now.”

Dozens of southeast Wisconsin developers and communities
have entered the derby to win what could be the Milwaukee
area’s biggest economic development deal in these recessionary
times: a new headquarters for Astronautics…. The 50-year-old

-25-

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