- Wulfe & Co. To Develop East Shore Placed Mixed-Used Project in The Woodlands [HBJ]
- Johnson Development Corp. Buys 590-Acre Tract in Richmond for 2,500-Home Master Planned Community [Realty News Report]
- New Redevelopment Project with Retail, Office Space Planned for East Montrose [Montrose Management District]
- How Houston Can Avoid a Negative Moody’s Downgrade [HBJ]
- Martha Turner Sotheby’s International Realty Presidents Martha Turner, Tom Anderson Step Down into Chairman Emeritus Roles [Houston Chronicle]
- Galveston City Council Set To Approve $38.5M of Remaining Hurricane Ike Recovery Money [Galveston County Daily News ($)]
Photo of The Treehouse at Memorial City: elnina via Swamplot Flickr Pool
Headlines
Re: Moody’s Rating. The biggest single line item that threatens the city’s financial health and the rating is the ridiculous pension liabilities (over 3 Billion at this point). Politicians always promise more money more money more money when they run and the bill usually comes due after they’re gone from office. Well, the bill is due now. Pensions need to be RECALCULATED to match what the private sector equivalent would have been over the last couple of decades. It is illogical and yes immoral for government jobs to have higher benefits and pensions than private sector jobs. It means the government is overpaying and it means it’s stealing from taxpayers.