Houston, Texas real estate development, home buying, landscape, and design

4 Comments

1. 1
   From Matt:

   Any chance of the anti-380 agreement, anti-wal mart crowd mobilizing around this $14 mil subsidy?

   February 15, 2012 at 12:56 pm
2. 2
   From shadyheightster:

   The article doesn’t say where that $14 million would come from, other than “the city”. If it comes from funds that are already in the downtown TIRZ, then I could see funding it. If it comes at the expense of other things in the city budget, then that should be a bigger issue

   February 15, 2012 at 2:16 pm
3. 3
   From Bernard:

   If the deal needs $14 million to make the numbers work, then that money needs to come out of the current building owner’s pocket in the way of a lower sales price. Tax payers shouldn’t be funding windfalls to building owners.

   February 15, 2012 at 2:58 pm
4. 4
   From TheNiche:

   I tend to think that TIRZs should attempt to make the general area nice enough that individual projects are viable enough to get financing on their own, through a combination of streetscape, parks, transportation, public parking, public safety, and utility infrastructure projects.

   In that way, rather than ensuring the success of a chosen few well-connected developers, the TIRZ can enable the success of any qualified developer on a wide variety of sites.

   And I hate to say it, but if a building like Texaco’s is too far gone, then knock it down and get at the land to build something else that is functional, memorable, and cost-effective.

   February 15, 2012 at 5:41 pm