[tristor]

Many reasons, but probably the biggest one is social shifts causing an overall degradation of city life resulting in people leaving. When the Chicago Board of Trade ended floor trading a significant amount of large finance companies moved elsewhere, some relocated to Dallas, some reduced staffing/office space and had principle officers in NYC already.

There's a lot of conversations about cities in the Midwest simply not happening, even though critical decay is occurring. St. Louis is another example of a city where they were doing very well for awhile and had a strong aerospace/telecom/manufacturing/tech sector and the city has now decayed dramatically to the point many businesses have pulled out and crime rates have skyrocketed. St Louis and Chicago are both more dangerous cities than Detroit, and all the available evidence points to violence being primarily a socioeconomic issue rather than an issue of any other factors.

[lotsofpulp]

If you’re looking for somewhere to invest, anywhere in the bottom of these lists will make it much harder to earn a decent ROI due to a higher taxes to government services ratio compared to places higher on the lists. Chicago unfortunately is at the bottom of both lists.

https://www.truthinaccounting.org/news/detail/financial-stat... https://www.truthinaccounting.org/news/detail/2020-financial...