Billion-dollar firm leads 'mass exodus' from occupied Seattle
'There really is not a downtown business community today'
By WND StaffPublished June 23, 2020 at 8:21pm
A neighborhood east of Seattle's downtown has been taken over by militant activists declaring it the "Capitol Hill Autonomous Zone." (video screenshot)
On the heels of a longtime Seattle business owner predicting a "mass exodus," an investment-advisory company has announced it's leaving the political and cultural unrest in Seattle and moving its headquarters to Phoenix.
"The unrest that has taken place in the city of Seattle ... there really is not a downtown business community today," said Smead Capital Management President and CEO Cole Smead told KTAR news radio in Phoenix.
"My biggest concern for Seattle was what the business community is going to come back to, and what kind of businesses are going to come back for customers," said Smead, whose firm as of May 31 managed approximately $1.58 billion.
The Phoenix area offers a better quality of life, the CEO contended.
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