Submitted by piratestears t3_11d2zvk in rva
ThatChildNextDoor t1_ja843x9 wrote
Reply to comment by ManBMitt in How long do you think it is before RVA meets the same fate of cities like Austin? by piratestears
Chesterfield was in 2nd place line to get the Intel semiconductor plant, but the site wasn't ready. I think we will get a fab again in future.
ManBMitt t1_ja86n2j wrote
Right, but big plants don’t drive CoL increases because they are built far outside the city, and the people that work there typically live/build houses in more suburban/rural outlying areas where there aren’t many constraints on land availability (so people moving there do not really increase the prices).
The Gulf Coast has hundreds of large manufacturing facilities that employ millions of people, and is one of the fastest-growing areas of the country in terms of population. Yet Gulf Coast cities have some of the lowest CoL in the country.
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