Citi model train display comes to end of the line
10th December 2008
Dan Wilchins
" The model train display at Citigroup Center in New York has reached the end of the line.
Citigroup, which is trying to cut $50 billion of expenses next year, has decided to stop leasing the elaborate display that for two decades has run in the bank's headquarters building in midtown Manhattan during the holiday season.
The display will be dismantled after the holidays and won't be back next year.
The savings for Citigroup? About $240,000 in 2009 ............
............ In 2000 there were 22,000 complaints about the missing trains, there were tour buses arriving full of people that wanted to see the trains, and stockholder groups said to (then Chief Executive) Sandy Weill, 'Why throw away one of the few civic things you do that makes people smile ?' "
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