Tuesday, December 15, 2009
Canadian paper on Charlotte's woes
Posted by John Grooms on Tue, Dec 15, 2009 at 5:42 PM
Canada’s leading newspaper, Toronto’s Globe and Mail, published a story today titled “Charlotte: The town that Bank of America took down.” It’s the kind of story that drives Uptown boosters and Chamber cheerleaders absolutely nuts — so it’s definitely worth a read.
The story tells the familiar tale of the formerly super-cocky Charlotte business community having to eat crow after one of our two mega-banks left town and the other turned into a “zombie bank,” while real estate prices dropped and suits lost jobs by the Hummerload. The story includes some good interviews with Charlotte business people, real estate agents, and even the bartender at Capital Grille Uptown. It's the kind of story we should see more of in our own daily paper, but hell, they're going broke too!
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