Unisys will keep headquarters in Blue Bell

An artist's rendering of what UNISYS' controversial sign would have looked like if it had moved its headquarters to the west side of Two Liberty Place in Philadelphia. The company announced Tuesday its staying put in Blue Bell, citing the economy as the main reason .

Unisys Corp. made official what everyone expected:

The computer company will stay in Blue Bell rather than move to Philadelphia.

In a statement today, Unisys officials said they would seek to sublet the space it had leased at Two Liberty Place. And new CEO Ed Coleman cited the difficult economy as the main reason for the decision.

The company's statement also included reaction from Mayor Nutter, quoting him as being "disappointed" but pledging to continue the city's efforts to attract "new businesses, new jobs and new investment."

Here's the full release:

BLUE BELL, Pa., January 6, 2009 – Unisys Corporation (NYSE: UIS) today announced that the company will keep its corporate headquarters in Blue Bell, Pa. rather than relocate it to center city Philadelphia. 
“These are difficult times for businesses around the region and the country, and Unisys is no exception,” said Unisys Chairman and CEO Ed Coleman.  “Keeping our headquarters in Blue Bell will enable Unisys to keep our team together in one place and contain costs as the company works through a very challenging business environment.”
The company had originally proposed to relocate about 225 of its Blue Bell-based employees to a new corporate headquarters at Two Liberty Place in center city, Philadelphia, with the remaining Blue Bell-based employees staying in a suburban Philadelphia location.  
Unisys, which has a total of approximately 1,500 employees in the Delaware Valley, said it is working to sublet the space it has leased at Two Liberty Place.
Unisys praised Philadelphia Mayor Michael Nutter and his administration for their efforts to facilitate the company’s proposed move to Center City Philadelphia.
“Mayor Nutter and his team have been extremely responsive and a pleasure to work with,” said Lawrence Wieser, vice president, Global Operations, Unisys.  “We have been very impressed with the professionalism they’ve shown and the ideas they’ve brought forth throughout this process.  Our decision is purely economic and is the best one for our company at this time.”
“Obviously we are disappointed, but our efforts to attract new businesses, new jobs, and new investment will continue, despite these very difficult economic times,” said Philadelphia Mayor Nutter.  “We look forward to continuing and developing our positive relationship with Unisys, and working to showcase Philadelphia as a leading city for cutting-edge ideas, innovation, and technology.”