This is how the suburbs die

Not with a bang, but a corporate lease

The suburbs outside of New York City.
(Image credit: Cameron Davidson/Corbis)

In 1974, corporate behemoth GE moved its headquarters from Manhattan to the suburban Fairfield, Connecticut. Last week, it announced that it was leaving Fairfield for Boston's waterfront district. And as GE goes, it has people wondering whether the suburbs are going to lose their economic lifeblood.

Mad Men reminded us that mid-century advertising executives worked in the heart of Manhattan, but slowly began their retreat to the burbs as crime exploded in New York City. The corporate offices followed them and their growing families in the 1970s and 1980s.

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