In the "stick around Michigan" department:
NEW YORK, March 6 (Reuters) - Comerica Inc. (CMA.N: Quote, Profile, Research), a financial services company with $58 billion of assets, on Tuesday said it will move its corporate headquarters to Dallas from Detroit to be closer to most of its markets.
The move is a blow for Detroit, which is reeling from a difficult environment for automakers and a flight that has seen the city lose more than half its population since 1950.
Comerica hasn’t announced where its new headquarters in Dallas will be, but the move could prove a huge boon for downtown, the Dallas Morning News reported today.
“I'd be surprised if they didn't go downtown," Joel Pustmueller, a partner with Peloton Real Estate Partners in Dallas, told the newspaper. "I'm sure they will want a building with visibility where they could have their name in sight.”
Downtown Dallas already is a regional banking hub with major operations for Bank of America, Chase and others, the newspaper said in a story posted this morning on its Web site. Texas-based PlainsCapital recently announced that it was relocating its bank holding company headquarters and a retail bank to the Victory project on the edge of downtown.
Wondering, of course, what if anything is the impact on the naming of Comerica Park where the Tigers play.