There is no way to spin the Qwest acquisition by CenturyTel as a positive development for the Denver Region. This is depressingly bad news for the local economy. The loss of Denver's largest corporate HQ will have painful and far reaching implications.
This development once again raises the issue of why Metro Denver with its educated work force, excellent infrastructure, high quality of living, outstanding recreational and cultural amenities, tradition of good government, healthy regional cooperation and decision-making, and strong clusters of industries seems to always struggle in maintaining and attracting high profile corporate HQs. Is it the region's spatial isolation from other major business centers, relatively small population, bad luck, lack of regional dominance over any single sector, relative scarcity of certain professional and financial services (advertising agencies, accounting, investment banking, consulting), other reasons not yet identified or some combination of the above?
Whatever the cause, this is a bitter pill to swallow.
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