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First in a Series: How Pittsburgh has Fallen?

June 25th, 2006 · 14 Comments

The Pittsburgh Post-Gazette today has an article about how Charlotte became a banking giant and Pittsburgh fell to number 10.  On Wednesday, the series will be about why Pittsburghers are moving to Charlotte.  I’m already dreading the fourth article in the series (if there is one).  I’m guessing it will be: “Where did we go wrong? Charlotte has better weather than Pittsburgh.”  I’m expecting a series next week: “Property price appreciation: Why didn’t it come to Pittsburgh?”

So I’m feeling the need to counter it with some positive thoughts about Pittsburgh:

I first found Wetfeet which says: 

Pittsburgh has 80 percent of the world’s robotics specialists.
All of the first major organ transplants took place in the Pittsburgh metro area.
Pittsburgh has the world’s most powerful computer.
Pittsburgh is “a successful manufacturing center.”
Average commute time in Pittsburgh is just over 20 minutes, with nearly half carpooling, taking mass transit, or biking/walking to work.
“Don’t be surprised if you’re blown away by the vistas in Pittsburgh.”

Then I read that “the city hasn’t lost hope in its economic viability.” Hmmm… maybe they need to do some editing after the Pittsburgh Post-Gazette article.

Then I went to Charlotte:

Commercial banking accounts for more than 20 percent of the growth of Charlotte.  It’s manufacturing companies face a “supply gap” and are at a “disadvantage.”  It’s information-related services are “lower than the national average.”  It’s software industry has faced “difficult market conditions.”  It’s second to Atlanta in tourism in the area. 

I have no doubt that Charlotte’s growing.  My only question is whether it is a one hit wonder.  With money being more mobile than steel or auto manufacturing, Charlotte may be just one corporate headquarters change away from obscurity.

Tags: Personal

14 responses so far ↓

  • 1 Amos the Poker Cat // Jun 30, 2006 at 7:50 pm

    I doubt that Charlotte is a one hit wonder, but then again that is typical of the kinda of dismissive thinking so cronic to PIT. I grew up here was fled. I was part of the great PIT dyasporan of the 70’s and 80’s. Like in the Godfather, I thought I was out, but I got pulled back because of family issues with stubborn elderly parents.

    I feel sorry for you that you are moving to PIT. Flee now. Your carreer will thank you.

  • 2 Pittsburgh Diverges From Nationwide Economy | Pittsburgh Real Estate Blog - Pittsburgh Homes Daily // Aug 21, 2008 at 6:01 am

    […] readers of Pittsburgh Homes Daily will remember this series of articles by the Pittsburgh Post-Gazette about how Charlotte is booming because of its development as a center for banking. If Charlotte was […]

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