'Bathroom bill' led to Richmond landing CoStar over Charlotte

Published: Oct. 26, 2016 at 3:05 PM EDT|Updated: Apr. 13, 2017 at 8:20 PM EDT
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CHARLOTTE, NC (WWBT) - As Richmond prepares to welcome CoStar and more than 700 jobs, the Charlotte Business Journal is reporting that North Carolina lost out on getting the company to locate there due to the state's controversial "bathroom bill."

"Sources say North Carolina's controversial House Bill 2 ultimately cost the Queen City those jobs and approximately $8.2 million in initial investment by CoStar," reported Ashley Fahey of the Charlotte Business Journal.

Charlotte was among four cities being considered by CoStar -- a real estate information analytics and online marketplace provider -- which ultimately chose Richmond.

"(CoStar) is a great company; they're a world leader in commercial real estate," David Dorsch, senior vice president at Cushman & Wakefield's Charlotte office, told the Charlotte Business Journal. "Their not coming here is a commentary on Gov. Pat McCrory and Mayor Jennifer Roberts ... HB2 is a problem that was, in my opinion, led by those two people."

Andrew Florance, CoStar founder and chief executive officer, said Monday the company is "excited" to move to Virginia.

"This is an opportunity that allows us to expand our research and software development capabilities in a city that provides a highly educated job pool, a superior quality of life for our employees and a culture that aligns to our business model," he said.

Gov. Terry McAuliffe said Monday that Virginia beat out states in the Southeast and Midwest to win the company's business which is estimated to have a total economic impact of around $250 million.

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