This may be much ado about nothing, but in Pittsburgh, perception is a big thing. We don't want to lose a hockey team, and we don't want to lose a corporate headquarters.
Hypothetically, if the headquarters officially has been moved to New York, perhaps it has some tax implications. Beyond that, there is the perception, 'What's wrong with Pittsburgh?' If it's just a few people, what's the point? Why do it at all?
Why is the public becoming an investor in luxury condos and a luxury hotel? That defies logic. We don't need more hotels and more office space in a market that's over-saturated with hotel rooms and office space. For taxpayers to be subsidizing this is foolhardy.
They ought to be willing to jump through hoops to get that deal.