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Sunday, 12/23/2012 4:59:07 PM

Sunday, December 23, 2012 4:59:07 PM

Post# of 306
Talk about being a good neighbor...
http://www.nytimes.com/2012/10/31/realestate/commercial/rackspace-revitalizes-a-defunct-mall-into-an-unorthodox-tech-campus.html?pagewanted=all&_r=0

"Rackspace agreed to pay $5 million for infrastructure improvements and also promised to make payments in lieu of property taxes to the local school district in an amount equivalent to what the district received when the mall was vacant. The Rackspace Foundation has also donated $2.5 million to the community, money that has gone primarily to the schools.

Moreover, the company has spent in excess of $100 million to transform the mall from an eyesore into an eccentric work space with a $40,000 two-story slide, a chessboard the size of a basketball court and conference rooms named after popular television game shows and breakfast cereals.

Shops and restaurants now encircle the mall, hoping to lure Rackspace employees, whose average salary is $69,000, far above the local average of $37,000. Stratford Land, a real estate development company based in Dallas, purchased 111 acres nearby in January, promising to build restaurants, shops and multifamily housing for Rackers."
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“Our headquarters is a representation of our values as a company,” Mr. Weston said. “We are ambitious, we are expansive, and we are unorthodox.”

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