The NY Times article on readjusting globalization that I quoted earlier today referenced the economist idea of "the neighborhood effect," which is reducing transportation costs by moving industry closer to component suppliers and to target consumers.
That idea got me to wondering about how these shifts in globalization and the probable movements of American companies closer to home will change the supply and demand equation for development in Nashville. It seems to me that American companies no longer have the luxury of telling Nashville leaders that they get what they want or they go any where else they want. If they're going to be targeting cost effective locations between suppliers and consumers, then it seems to me that the companies are going to be looking at least more regionally, and perhaps even narrowly at specific communities. They probably will be coming to Nashville because of low transportation costs rather than other factors (like a "campus" of at least 50 acres).
Given the transitional phase of global business, is it really wise to rush Tony Giarratana's May Town Center concept given that the risk of losing Bells Bend may be too high in such an unstable economic condition?