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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Koligman who wrote (228754)	11/13/2009 5:43:27 PM
From: James Hutton	Respond to of 306849

"After Pfizer completed its $67 billion acquisition of Wyeth, another drug giant, in October, Ms. Power said, “We had a lot of real estate that we had to make strategic decisions about.” She said Pfizer would try to sell or lease its buildings in New London and would “continue to pay our taxes to the city as scheduled.” That's mighty white of them to pay taxes on a building they own. Kentucky was in the vanguard of giving away taxpayer money to get jobs. In the early 90s, they paid about $300k/job in tax incentives to get a new steel minimill, but the mill drove several smaller mills out of business. So it was probably a wash as far as jobs went.