Huntington Bank Field

[2nd Degree Gopher]

Who are the serious participants that we can expect at this point?

I have no idea if there are any at this point since the current deal still has 5+ years to run. (And if I did know, I wouldn't post it on a message board.) I just know that, at this point, no one I have spoken to thinks Huntington has any interest in extending the relationship. Maybe they are wrong, maybe things will change, but that's the sense I get.

 

[A_Slab_of_Bacon]

I have no idea if there are any at this point since the current deal still has 5+ years to run. (And if I did know, I wouldn't post it on a message board.) I just know that, at this point, no one I have spoken to thinks Huntington has any interest in extending the relationship. Maybe they are wrong, maybe things will change, but that's the sense I get.

That's kind my point.

The idea that nobody expects them to be a participant really doesn't matter this far out when there aren't even any expected participants

 

[2nd Degree Gopher]

That's kind my point.

The idea that nobody expects them to be a participant really doesn't matter this far out when there aren't even any expected participants

If your point is that they are on the same footing as the rest of the world if you just ignore all of the parties' conduct and experiences with each other over the years of their relationship, I guess I'd ask why in the world you would ignore that? Neither side seems to have been all that happy with the arrangement. Huntington inherited a deal that they would otherwise not have been involved in when they acquired TCF and the U seems to have been much more comfortable with how things were going when the TCF people were involved. That doesn't mean that there haven't been beneficial aspects of the relationship for each party, and maybe it's all part of Huntington's "treat them like shit so they will expect less the next time around" strategy, but I don't think that's it.

Put another way, I don't have to know where I will buy my next car to know that it won't be the place I bought the last one.

 

[tjgopher]

I am not sure, however, that everyone at the U is convinced of that.

Of course. It'd be nice to have some big time thinking at some point.

 

[FLgopherfan]

Huntington is headquartered in Columbus. Makes perfect sense they'd be the lead sponsor on the new Browns stadium.

They purchased TCF, which was obviously based here, and that's why they even have the rights in the first place, as well as why you now see Huntington bank branches around the Cities when they were never here before.


Similarly to why Wells Fargo has such a big presence in the TC, even though it is based in San Francisco. They purchased Norwest which was TC.

Used to be some big banking based in the Cities. Still have Thrivent

Norwest actually purchased Wells, then moved HQ to San Fran

 

[GopherGrit]

Still do. USBank is headquartered here, no.5 largest banks in the US. As others have said, WF still has a large presence here as well, and they’re no.4.

Doh, I knew I was forgetting something when I posted. Yes of course, USB ... LOL, the Vikings stadium namesake. Geez

 

[GopherGrit]

Norwest actually purchased Wells, then moved HQ to San Fran

Definitely some semantics involved, but WF definitely existed prior to merger with NW and had its HQ in SF.

 

[Unregistered User]

I haven't spoken to a single person who expects Huntington to be a serious participant in future negotiations.

Perfect. No need to further promote them.

Now, everyone go back to calling it what it should be called.

The Brickhouse.

 

[DarrenTheGreek]

Definitely some semantics involved, but WF definitely existed prior to merger with NW and had its HQ in SF.

Just like the USB/Firstar merger in 2002. USB was bigger and HQ in Mpls, yet Firstar was technically the one doing the acquiring even though they moved their HQ here (from Milwaukee).

 

[GridironGus]

I didn't know the Browns are getting a new stadium called Huntington Bank Field.
Any chance this will affect the naming rights for our Huntington Bank Stadium?
For me, the name has never fit since TCF was no longer used. Even their green colors do not fit.

The green color of their dollars fit

 

[stocker08]

Perfect. No need to further promote them.

Now, everyone go back to calling it what it should be called.

The Brickhouse.

I still call it TCF Bank Stadium.

 

[gophmeister]

Norwest was the main partner in the WF tranaction, but they kept the Wells name and San Francisco HQ because they were iconic. Still have big operations here and in Iowa.

The de facto headquarters is in NYC now. They can’t move jobs out of California fast enough.

 

[GopherGrit]

The de facto headquarters is in NYC now. They can’t move jobs out of California fast enough.

I would think Mpls would be attractive for headquarters of large companies. Still lot of HQ here, so fair amount of executive/upper management talent around, good quality of life while housing costs are significantly lower than coasts.

Granted in banking specifically maybe too much needs to be in NYC for specific reasons.


It's sad some of the HQ we have lost though. NW Airlines, gone. Honeywell, company still alive but HQ gone. Norwest Corp. I'm sure there are others over the years

 

[highwayman]

I would think Mpls would be attractive for headquarters of large companies. Still lot of HQ here, so fair amount of executive/upper management talent around, good quality of life while housing costs are significantly lower than coasts.

Granted in banking specifically maybe too much needs to be in NYC for specific reasons.


It's sad some of the HQ we have lost though. NW Airlines, gone. Honeywell, company still alive but HQ gone. Norwest Corp. I'm sure there are others over the years

Minnesota now has the highest minimum corporate taxes in the US. That means a lot.