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Showing content with the highest reputation on 03/29/2012 in all areas

  1. They've moved some of the rails over to where they are going in.
    1 point
  2. It's easy to see in the Kroger one. Kroger is making a $40K "donation" to Olivewood. For this faux-lanthropy, Kroger gets paid back the $40K plus 5.17% interest. That's a pretty good rate. Same deal with the stuff Ainbinder is doing, except we don't know the interest rate.
    1 point
  3. The developer bothers with it because it gets the City to reimburse them for all of the items in the 380, the vast majority of which they are required to do. Plus interest. So they do the work on the bayou, they get paid back plus an uncapped amount of interest at an uncapped rate. They're making money on it.
    1 point
  4. http://www.khou.com/...-144475275.html Nothing new but here is the latest article... "That’s precisely what the Midtown Redevelopment Authority and Camden Development Inc. plan for about half of the 3.5 acre site. Also on the drawing board are sites for two restaurants and a residential development, as well as an underground parking garage for about 140 vehicles." "Construction is expected to begin next spring, Thibodeaux said, and the park should be open in 2014."
    1 point
  5. more construction pics: http://goo.gl/gNx8Q
    1 point
  6. Walmart bought the land. They are not leasing from the developer. The trafic control measures are required mitigations. No traffic engineer in the world could jack up the numbers enough to make a Walmart anchored development work without any left turn lane access from the main traffic artery.
    1 point
  7. Redscare, I repeat: replacing Yale is not in the 380 Exhibit C on the City's website. Samagon, "to stimulate business and commercial activity in the municipality". Ainbinder said the project would go forward without the 380. Therefore, the 380 does not stimulate anything. I'm hoping that RUDH sets some legal precedence.
    1 point
  8. I really, really, really like the idea of the dome framework around a garden/park area. But the centerpiece should be the sculpture of the oil derrick/space shuttle/Jeff Bagwell that was floating around here a while back.
    1 point
  9. I saw that too, I had mentioned it a few pages back on here, I'm sure that person and I aren't the only ones wishing for something like that. I'd go a step farther though and say build a topiary dedicated to Houston sports history, a shrub that is cut to look like Earl Cambell tiptoeing down the sideline would be inspiring. Put in hanging baskets off the structure, and build vines throughout the entire structure to make it a completely green structure!
    1 point
  10. You won't get any argument from me that 380 Agreements are fertile ground for misanthropic endeavors. If they are administered as they have been to date, then I don't see that they should continue to be administered at all. And Leonard is right, the Gulfgate one is ridiculous! It makes Ainbinder's look wholly legitimate and even-handed by comparison...but that's just it, is that this one does't really piss me off. The developer and the City both wanted the infrastructure, but neither needed it; an arrangement was made whereby the infrastructure could be afforded now instead of later without conflicts of interest, and with managed risks for both parties. It wasn't perfect, but everybody wins as per the spirit of the law. I'm still opposed to this one because I'm opposed to all of them, but that stance has nothing to do with how well this one was crafted or that Wal-Mart is a tenant. Where you I seem to disagree is that I oppose comments that are ill-informed or coercive, and that is how I would categorize the bulk of the NIMBY response to this issue, including yours.
    1 point
  11. Whoa! s3mh and Leonard agree with each other. Didn't see that coming. Actually, the REAL problem here is that I (and many others) do not mind the 380 being used for this purpose. You will simply have to keep looking for someone who cares. I support BOTH 380 agreements. I will also shop at both stores, thereby allowing my tax dollars to help retire the debts. These 380s have nothing whatsoever to do with projects in Downtown, which have myriad grant and financing programs available to them. And, complaining that two developers got 380s because you wanted a 3rd developer to get one is just the kind of hypocrisy that we have come to expect out of RUDH. This is just as hypocritical as all of the posts criticizing Walmart for selling Chinese products while the same posters are silent regarding the dead Chinese workers making shiny Apple iPads. When you guys get your outrage all on the same page, give me a ring. Until then, take your complaints to the Facebook page, where no one actually looks at the substance of your rants.
    1 point
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