Honestly, this is overall an overly pessimistic viewpoint and something that might have been true 5-10 years ago, but I really don't think it is anymore.
Possibly so, but I don’t think any city becomes a sustainable MLB market in 5-10 years. It’s more than just adding people and money… a place like this can become the next Tampa in a hurry.
Apple setting up shop here has completely changed the dynamic about this entire region and we're only scratching the surface on what that is going to mean. Red Hat moved because IBM took them over and consolidated leadership. Epic Games is going through a minor dip, but they're still a massive player in video gaming and still make more money hand over fist than other companies. Just because they're going through a layoff doesn't always mean they're in trouble.
With regard to tech companies, I would not assume that anything is a temporary issue. Tech industries can turn on a dime. Red Hat getting acquired was a bigger negative for this area than people maybe have realized. Their top talent isn’t in the Triangle anymore. Their community-building money is being spent in Boston. We have a nice building with a logo on it, but the corporate influence has diminished. That can happen to any company. It will most likely happen to SAS when it goes public and ceases to be run by local philanthropists. Or maybe it gets even better. I wouldn’t assume in either direction, tech industries being what they are.
At the end of the day, it’s a rat race for HQs. Regional offices are awesome for the local economy because they bring jobs and create economic niches, but that’s not the same as having a company that will name your arena or put a patch on your jersey. Different scale, and the Triangle is a clear-cut little brother to Charlotte in the corporate world.
As far as a train line? Meh, Charlotte has one train that goes a couple miles. Its extremely overstated to say that would be a major determining factor among the two cities.
I didn’t say that, I said Charlotte’s infrastructure is significantly ahead of Raleigh’s and used the light rail as an example. Raleigh right now is where Charlotte was about 20 years ago — looking forward to closing its outer loop, trying to get serious about mass transit, widening roads five years too late, arguing over whether people really want to live downtown. I lived through this chapter in Charlotte back then and it’s like watching a rerun in the Triangle. Which is great, because it’s an exciting place to live! But there‘a a reason Charlotte consistently gets the shiny toys before the Triangle.
And given the timelines of the collegiate sports seasons and the NHL season when compared to MLB, I don't buy at all that there would be competition with a baseball franchise. They operate at different times per year, and, if anything, probably helps the Raleigh market more than Charlotte because there literally is no competition here during the summers, as opposed to places like Carowinds for Charlotte.
I will just put it this way — people in the Triangle spend
a lot more attention and money on college basketball than people in Charlotte spend on the Hornets. College football probably breaks even with the Panthers. The Canes take
a lot bigger of a bite out of the Triangle than the Checkers do out of a Charlotte (an order of magnitude or more). In this scenario, the Charlotte Knights cease to exist… do the Durham Bulls just close up shop if Raleigh gets a team?
Carowinds isn’t really relevant competition to pro sports, as only a tiny number of people make it a habit to go there often (and it’s literally
the most miserable place in the entire state during the summer). As a competitor it’s comparable to the State Fair, or maybe the NC Zoo. We don’t worry about them cutting into the sports market.
If I’m worried about competition in Charlotte, it’s a resurgence of interest in the Panthers (temporary) and Hornets (unlikely) combined with the effect of NASCAR races (an actual marquee event) plus the presence of Charlotte FC (we’ll see if they can get traction). That’s significant and part of the reason I still hesitate to call Charlotte “ready for MLB”. But none of those come anywhere near the combined impact of State/UNC/Duke dominating the local sports culture
including baseball, plus the Canes building a serious deep-rooted fanbase in the wealthiest demographics, plus having perhaps the most culturally-ingrained minor league baseball team in the country right there in Durham. Relative to the size of the market, Raleigh’s stretched a lot thinner for the sports dollar and sports attention in general.