Taking a Dump on New Orleans, Day by Day

RUTH'S CHRIS CORP DUMPS KATRINA DAMANGED NORTH BROAD HEADQUARTERS TO CITY OF NO
Every city that recently had a large corporation leave town and close its flagship location while also dealing with a catastrophic flood and even worse mayor would just LOVE to have a decrepit and uninhabitable building dumped on them. Right? RIGHT?


So says Craig Miller, Ruth’s Chris CEO, president and board chairman. “The original building obviously has sentimental value for the New Orleans community. We plan to return it to the community through a philanthropic gift consistent with our company's historical commitment to giving back to our communities.”

Hmmm...get a building in a bad part of town off the books. No more liability, no more property taxes, and no more presence in New Orleans. Sounds like a winner!