Chrysler Heads For The `Burbs
Chrysler has decided to relocate its headquarters from a troubled inner-city neighborhood to a sprawling suburban Detroit complex by 1995. Chairman Lee Iacocca says putting executives adjacent to the company's new $1 billion technical center in Auburn Hills will make Chrysler more efficient. But the move devastates Highland Park, a 2.9-square-mile incorporated city located within Detroit. The company's 5,000 jobs are the core of Highland Park's economy, and its tax payments account for half the city's $16 million annual budget.
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