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Originally Posted by Joey Hester
This sucks!!!! I am very unhappy about this decision. I was looking forward to a new 16 story or taller building downtown. I guess the employees talked them into building closer to where most of them live in East Montgomery, so that they did not have to commute to downtown. This is terrible.
I definitely will not bank with Colonial now!!
Alos, I going to assume that the City was not able or unwilling to work with Colonial to keep them downtown.
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It was said that the owner of one of the buildings Colonial was leasing was going to raise the lease amount dramaticly at renewal time. So while Colonial would begin building it's new 16-story HQ down the street, it wanted the city to build two parking decks for them within six months. The city said they would try but their hands were full with other projects at the same time and couldn't guarantee them the six-month deadline.
Colonial used that as an excuse to go out east.
