Arthur Anderson Parkway in Sarasota County, Fla., is being renamed Paramount Drive. The road sign, the last physical reminder of the “Big Five” accounting firm that once employed 1,000 people in Sarasota, has been taken down and replaced.
The name change was pushed by a company that plans to soon announce its relocation to one of two large office buildings in the Sarasota Commerce Center complex, the Herald-Tribune reported. The company insisted that “Arthur Andersen” had to go.
“It was a deal breaker. We are working with a tenant who felt very strongly about it,” said Lori Hellstrom, director of leasing at Osprey Real Estate Services, whose parent company owns the building.
“Arthur Andersen is not something they wanted to be associated with. Most people would agree with that. It was long overdue,” Hellstrom said. The street retained the Andersen name for 11 years after the auditor for failed energy giant Enron shut down. Paramount Drive was chosen from a list of names provided by county government officials.