Rumors put into question CenturyLink's future in Monroe

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MONROE, La, (KNOE) - After their acquisition of Level 3 and the retirement of Glen Post, rumors about the future of Centurylink's headquarters have swirled in the area.

Now, people are questioning if the company is on its way out.

The company's chief financial officer left Centurylink to head to T-Mobile earlier last month.

KNOE reached out to Centurylink to see if this is a sign of things to come and they say they will remain committed to the Monroe headquarters with no plans to move.

KNOE also made a call to Baton Rouge at the office of Louisiana Economic Development to see if there are any concerns of Centurylink leaving Louisiana. No answer from them yet.

According to an article from The Motley Fool, Centurylink's shares have been down 8% since former the CFO left the company.

ULM economist Robert Eisenstadt says Monroe could be losing a lot if Centurylink decides to part ways.

"I think in the immediate sense around here," Eisenstadt said, “the first thing that we're going to see is perhaps some decline in sales tax revenue. Some retail stores will suffer a little bit around the area. I think we may see a little softening of home prices. If they're going up at all they'll go up more slowly. Perhaps there will be a little bit of a glut of homes if people start moving from the area."

Eisenstadt says Centurylink generates around a billion dollars in accumulated transactions for the state of Louisiana.

Centurylink agreed a few years back to keep their headquarters here until 2020, but after then the future is a little less certain.