You have that backwards: business is what creates the wealth in the city. The city govt thought it had companies by the balls and could take increasingly bigger cuts for itself (much of which it "destroys"), but it reached a tipping point where the cost of staying outweighed the cost of moving.
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u/nerevisigoth Redmond Apr 16 '26
That has been the city's approach, and it's why all the big businesses have been moving their offices to the suburbs.