Tacoma Rumors

Jan. 23, 2009 at 1:00am

Russell Rumors

Rumor has it that Russell is staying put. Rumor also has it Russell's owner, Northwestern Mutual, will be putting down some roots of their own here in T-town.

Rue will open no champagne before its time.

comments [11]  |  posted under tacoma

Comments

by Crenshaw Sepulveda on 1/22/2009 @ 9:48pm
If Russell is staying anyway can the city and state save all they money that we were going to throw at them, some 140 million bucks worth of money? Seems like a lot of money to pay if they were going to stay all along.

by NineInchNachos on 1/22/2009 @ 10:03pm
layoffs still coming down the pike?

by fredo on 1/22/2009 @ 10:07pm
If the rumor is true, that's good news. However, we shouldn't be paying any company big or small to locate, relocate, or remain in our fair city. If they don't like what we have to offer...well, that's too bad. I don't know if Tacoma is still on the hook for the FR development funds discussed last year.

by tacoma1 on 1/22/2009 @ 10:39pm
I certainly hope that the rumors are true and they stay. It may be that with the poor economy, the additional space that Russell needed is no longer in need.

I am struck sometimes by the similarities between Tacoma and Milwaukee (where the parent company is from). Both blue collar towns, both on the water. Both with just a little bit of a rough and tumble reputation. I am sure that Milwaukee�s reputation is as undeserved as ours. Personally, I've been to Milwaukee, and their fish fry has nothing on Harbor Lights. Maybe it�s not the tax incentives that the Russell execs covet. It could be the wicked strong drinks and some of the best fried fish in the country that keeps them in T-Town.

by NineInchNachos on 1/22/2009 @ 10:50pm
I certainly love my dad's old Milwaukee Magnum Hole-shooter powerdrill.

by Jake on 1/22/2009 @ 10:51pm
If I can recall there wasn't any specific "Russell" item in the package offered by Tacoma. Yes the package was brought together because of Russell but if any other company in the International whatever District comes along they would get the same thing. And most of the things in the package are a good thing for Tacoma. Improved infastructure, less business taxes, higher height limits, etc. Hey we may have just landed NW Mutual!

tacoma1.. yes strong and almost half the price compared to our neighbor to the north.

by fredo on 1/22/2009 @ 11:09pm
Jake, I don't think its an accident that the International Financial Services District and the FR campus are the practically the same thing. Sure, other businesses can get the District benefits...if they move to the district. FR doesn't have to do anything since they've fortuitously located there.

The lower business taxes would be a good thing for Tacoma if all Tacoma businesses would get the same deal. The B&O tax waiver for the International Financial Services is just another handout to billionaires. When is enough enough?

by Erik on 1/23/2009 @ 9:04am
I always thought that the downtuwn in the economy would raise the chances of Russell staying in Tacoma. Moving costs money.

The lower business taxes would be a good thing for Tacoma if all Tacoma businesses would get the same deal.

Many cities have no B&O which has driven companies out of Tacoma.

by fredo on 1/23/2009 @ 9:12am
Erik@Agree on both points.

by L.S.Erhardt on 1/23/2009 @ 10:56am
What is the source of said rumor?

Anyone remember that $80,000,000 permit for downtown, conveiently in the IFSA?
Sounds like perhaps some pieces are coming together.

by Jake on 1/23/2009 @ 3:53pm
The city said that the $80,000,000 permit on the Davita property was just them playing around with some numbers and shouldn't have been in the published permit reports.

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