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“. . . I think that if we are going to be realistic about the way that we finance flood control, that the core of such a plan needs to take a page from how flood insurance gets underwritten. Everybody pays a property tax to a watershed-specific flood control entity, but that tax is adjusted based on the elevation of their first-floor living area relative to the Base Flood Elevation. If you’re more than a few feet above it, your tax is very low. If you live more than a few feet below it . . . you’re probably going to pay so much in taxes that it’ll become immediately economic to raise your structure or demolish it. Right away, the inventory and value of property subject to flood risk is reduced; and what’s left that is tolerably at-risk pays for its own reduced need for risk mitigation. And . . . if we’re too gun shy to pull the trigger on a plan like this, which would totally wipe out a lot of people’s equity in vast swaths of real estate, okay well that’s where people not at very much risk should be expected to pay more taxes even without receiving very much in the way of benefits. Yeah, I’m basically proposing Obamacare for flood control in Houston, but only as a humane alternative which reveals a startling truth: that the big money for this sort of thing is unlikely to come from up on high, from the feds or the state government (and it shouldn’t IMO). Financing this stuff locally is going to hurt. One thing is very very clear: whatever kinds of administrative bodies are created or re-jiggered to deal with this issue have got to address legacy development first and foremost. We need a plan to cope with what is already on the ground. This is not something that we can just build ourselves out of, going forward, with stricter rules for new development, feel the catharsis, hold hands and sing Kumbaya, and call it a day.” [
All water stuck behind the Addicks and Barker dams has now been released, the Army Corps of Engineers announced late yesterday. 
Our sponsor today on Swamplot is ASCOT — also known as the ... "Pin It")
Ralph Bivins explains how it came to pass that the Canada Pension Plan Investment Board, with its now-completed purchase of REIT Parkway, became the owner of 8.7 million sq. ft. of office space in Houston, including Greenway Plaza, CityWest Place, San Felipe Plaza, the Phoenix Tower, and Post Oak Central: “At one time Cousins and Parkway were separate companies with sizable holdings in Houston. The Houston office market tanked when oil fell from a high of $107 a barrel in June 2014 to less than $30 a barrel in early 2016. Houston energy firms laid off thousands of employees and vacated huge chunks of office space. Publicly traded firms with significant portfolios of Houston office space were under pressure. Security analysts criticized them. 
“I have a question regarding the apartments in Kingwood. There is a statement in the letter from the apartments indicating that there is a clear difference between mold and mildew. I understand it as they are both one and the same when it comes to interior livable spaces. If it smells and-or is visible you have a problem irregardless of the classification of mold or mildew.
Is this not correct? Is there a legal distinction per Texas Law? Can someone please chime in? Thanks.” [
