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Houston19514

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Posts posted by Houston19514

  1. Sept 2023 Airport International Traffic Report:

    SEPTEMBER

    • Bush Intercontinental: 889,141 (up 21.5% from 2022)
    • Hobby International:  61,279 (up 0.6% from 2022)
    • Houston Total:  950,420
    • DFW:                  840,895  (up 6% from 2022)
    • San Antonio:         43,183  (up 19.6% from 2022)

    2023 YTD through September:

    •    Bush Intercontinental:  8,706,464 (up 23.9% from 2022)
    •    Hobby International:        764,746 (up 8.9% from 2022)
    • Houston Total:                  9,471,210
    • DFW:                                 8,340,410  (up 15.9% from 2022)
    • San Antonio:                       444,271  (up 6.5% from 2022)

    https://app.powerbigov.us/view?r=eyJrIjoiMDE3ZWI1YmEtOTZiOS00NjZjLWEzZTAtNjRmZmM1NWY2OGU3IiwidCI6IjU3YTg1YTEwLTI1OGItNDViNC1hNTE5LWM5NmM3NzIxMDk0YyJ9

    https://flysanantonio.com/wp-content/uploads/2023/11/2023-SEPT-Stats.pdf

    https://assets.ctfassets.net/m2p70vmwc019/5aTzmr0CeIWORQNEJJjNWS/6f1680729bfc8f8c8ba997e5534254fb/Sep_2023_Pax_Report.pdf

    • Thanks 1
  2. 2 hours ago, mattyt36 said:

    WRONG . . . the long-term trend is horrible, and definitely not something I'd be crowing about.  In fact, 2023 was a degradation from 2022 and the second worst year on record.

    Enplanements* for the 12 months ended 6/30, source U.S. DOT:

                 DFW as %
             DFW          IAH         HOU     IAH+HOU   IAH+HOU
    2010 2,405,979 3,910,711 0 3,910,711 61.5%
    2011 2,554,272 4,218,972 0 4,218,972 60.5%
    2012 2,713,955 4,193,425 0 4,193,425 64.7%
    2013 3,060,908 4,224,102 0 4,224,102 72.5%
    2014 3,346,754 4,556,493 0 4,556,493 73.5%
    2015 3,614,270 4,818,210 1,711 4,819,921 75.0%
    2016 3,862,233 5,259,895 254,846 5,514,741 70.0%
    2017 3,977,730 5,160,323 425,468 5,585,790 71.2%
    2018 4,151,756 5,018,714 469,221 5,487,935 75.7%
    2019 4,327,097 5,283,314 473,582 5,756,895 75.2%
    2020 3,322,000 3,859,088 289,577 4,148,665 80.1%
    2021 1,942,966 1,865,448 206,825 2,072,273 93.8%
    2022 3,788,809 4,063,828 413,368 4,477,196 84.6%
    2023 5,133,673 5,165,698 477,370 5,643,068 91.0%

    Long haul (i.e., excluding Canada, Mexico, Central America, and the Caribbean) trends are much worse and DFW surpassed in 2018:

              DFW as %
               DFW          IAH      IAH+HOU
    2010 939,712 1,314,639 71.5%
    2011 991,241 1,423,408 69.6%
    2012 1,111,076 1,479,275 75.1%
    2013 1,267,153 1,524,376 83.1%
    2014 1,420,645 1,725,525 82.3%
    2015 1,611,325 1,853,277 86.9%
    2016 1,760,463 1,996,298 88.2%
    2017 1,880,072 1,920,150 97.9%
    2018 1,989,298 1,875,071 106.1%
    2019 2,052,739 2,031,814 101.0%
    2020 1,541,464 1,446,250 106.6%
    2021 323,328 328,191 98.5%
    2022 1,126,371 1,042,232 108.1%
    2023 1,925,217 1,814,007 106.1%

    * - This is how these things are measured in the U.S., as we don't count passengers twice, i.e., once when they leave and once when they come back.

     

    Not WRONG.  What I posted is factually correct and I reported the numbers given by the airports.

  3. 7 hours ago, j_cuevas713 said:

    When he said "That's where you applaud." 😂

    Actually, what he said was "Here is where you are going to clap again"  and then he said that downtown Houston's  1.4 million square feet of office leasing year-to-date was more than double the activity in Austin and triple that in Dallas (and, yes, the crowd did clap again)

    The talk did not mention the Astros development.  That must have been a different presentation.

    FWIW, less than 1/3 of the recorded talk was spent talking about the past 40 years (and briefly mentioned (and honored) Bob Eury).

  4. 22 hours ago, steve1363 said:

    In the 40th Annual State of Downtown Address Kris Larson spent most of his time reflecting on the accomplishments of Bob Eury.  He does mention the monthly downtown Farmer's Market as a key accomplishment over the last year, and he seems to be focused on streamlining all the various downtown organizations.  He introduced new branding:  Downtown Houston+ which I assume encompasses all the various organizations that support downtown initiatives.

    Not sure if the video was truncated.  I don't recall hearing anything about the Astros proposed entertainment complex.

     

    I hope Downtown Houston+ means beyond the I-45/I-10/I-69 loop.

  5. 21 hours ago, monarch said:

     

    spacer.png

    ^^^ not one, but two new PICKARD CHILTON designed towers slated for downtown dallas.

     

    Remind me where these Pickard Chilton towers are in Dallas.  Oh, that’s right…. They don’t exist.  And most likely never will.  Not one,  not two, but zero Pickard Chilton buildings I. Downtown Dallas.

     

    Meanwhile, there are at least two actual  P-C buildings in downtown Houston.

    • Like 1
  6. Some people seem to not understand the difference between flashy renderings (many of which will never be built) and actual developments.  How pathetic.  Here's some more info on the so-call Metropolitan Park:

    But the fate of Metropolitan Park is still about as secure as a Mets late-inning lead.

    As the land for the new facility is legally designated as parkland, Cohen would need to get the state legislature and Gov. Kathy Hochul to pass a law allowing commercial development there.

    Key lawmakers particularly state Sen. Jessica Ramos whose district includes Willets Point and the neighborhoods around it  — have not agreed thus far to support such legislation.

    Names of legislators were conspicuously missing from a  press release showing support from business and community leaders. 

    Senator Ramos, in a statement Tuesday, is still not on board, saying, “I will be hosting another town hall on this proposal at the end of the month. It’s important that my neighbors look carefully at the details and we’ll continue together with our process.”  

    But Queens Borough President Donovan Richards issued a bullish statement saying, I’m encouraged by Steve Cohen’s Metropolitan Park plan and its numerous community-centric proposals.” The Queens Chamber of Commerce, among others, also expressed support

    The casino [which is what this is] plan also requires approval from state gaming regulators.

    Under current law, state officials can issue up to three new casino licenses in the downstate region that includes New York City.

    The surrounding property is home to Flushing Corona Park, the U.S. Open Tennis Center, and a planned soccer stadium for New York City FC, which is backed by Mayor Eric Adams. 

    Another potential stumbling block to a Cohen-owned casino is the state’s requirement of a background disclosure form where applicants attest to their “integrity, honesty, good character and reputation.”

    In 2014, Cohen’s hedge fund SAC Capital was forced to pay a $1.8 billion penalty to the federal government after pleading guilty to wire fraud and securities fraud.

    Cohen, who was never charged criminally, was accused of failing to prevent insider trading at the company, which he founded in 1992 and which bears his initials. 

    But the baggage didn’t stop Major League Baseball from allowing Cohen to buy the Mets.

    There’s a stiff combination of other developers and casino operators who have joined forces with proposals to build a casino in Times Square, Hudson Yards, Coney Island, and possibly Ferry Point in The Bronx, where gaming operator Bally’s replaced the Trump Organization as operator of the golf course.  

    Two existing slots parlor operators — Genting at the Aqueduct race track and Empire Resorts MGM at Yonkers race track — are seeking two of three casino licenses to offer table games.

    Still, billionaire Cohen and firms controlled by him have put a lot of chips on the table — spending millions of dollars on army lobbyists and delivering campaign donations to elected officials to help make his case to build the casino-entertainment complex.

    JASON SZENES FOR THE NEW YORK POST

     

    • Like 6
  7. It definitely should not be demolished. It should be saved and used for additional convention/exhibition space, below-grade parking, arena and facilities to replace the Astro-Arena building; any other "year-round" functions would have to be with the cooperation of the Texans and the Rodeo.  That does not, in my mind eliminate all other possibilities. If there are restaurants or hotel space, they just have to include the Rodeo and Texans in their plans and probably share a portion of their revenue with them.

    Even more definitely it's way past time for our county "leaders" to do something. It's an absolute embarrassment that the Dome just sits there with no plan; no idea. The County "leaders" need to stop hiding under their desks and do something.

    • Like 1
  8. Contrary to one or more posts up-thread, I don't think there is any reason to presume they will follow on with a Ritz-Carlton Hotel.  Standalone residences are a fairly new, but growing product being offered by upscale hospitality companies.  There are already 22 standalone Ritz-Carlton residences. Mandarin Oriental and Four Seasons are doing these as well and Hilton is getting into the game too.

    • Like 1
  9. On 9/11/2023 at 8:57 AM, BeerNut said:

    I heard they plan to replace the restaurant with a comedy club.

     

    On 9/20/2023 at 3:24 PM, BeerNut said:

    I have no reason to doubt the source considering industry/HOB connections.  End of the month supposed to be last day.  

    Any follow-up from your source?  Per their website, the restaurant still seems to be a restaurant, with no hint of a comedy club.

    • Like 1
  10. I have no idea what Chevron's current office space situation is. With the Hess acquisition, and IF they need more space than they currently have in the downtown Chevron buildings, I think by far the three most-likely moves would be:

    • Retain leased space in Hess Tower
    • Lease other vacant space in Allen Center and/or 1600 Smith
    • Build 1600 Louisiana

    I think retaining the space in Hess Tower is probably the least likely of the three, because it would make team integration more difficult.

    My hunch is that, in the current market, leasing additional space in Allen Center and/or 1600 Smith is more likely than building 1600 Louisiana.  They should be able to get very friendly lease terms right now (and they'll still own the land on which to build later if that becomes more financially attractive down the road).

    • Like 3
  11. The good news on the Hess acquisition is that their (Hess's) HQ was still in NYC.  I don't know how many people work at HQ, but those central office jobs are pretty likely the most duplicative. Reduces the likely job losses for Houston.

    16 hours ago, strickn said:

    I was thinking the same thing today when I heard it: except more along the lines of, “Well, sounds like ChevronTexacoHess has its new office block, without ever building 1600 Louisiana, after all.”  
    Others had noted in the Hess Tower thread that Hess leased, and did not own, that office space and its associated parking.  
    One forumer is now speculating that headcount reductions and offshoring are coming, in which case a new tower’s floor space is not necessary.

    OK, but even if they are correct, and even if you are correct that a HQ relo is finally inevitable, Bridgeland demonstrates that Chevron bureaucracy obviously still think that R&D and laboratory experimentation benefits from a separate environment.

    Therefore these same senior execs could still think this way about their own HQ culture as well (à la the former Exxon God Pod up by DFW), opting for a physical plant in which management, engineering, and back office are all kept separate from the “high-ups.”

    • One scenario is that they move the HQ to Austin to hang out with their Californian c-suite golf buddies from Oracle, Tesla, et cetera — maybe even bail Google out of its empty riverfront “sail” office tower, finished but not moved into yet.
    • One scenario is a pod close to the airport — either IAH or AUS or another Texas airport one with better connections than AUS (meaning most likely DFW again).
    • However, a third scenario would be to use newer leased space by Discovery Green for that purpose, staying close to their big campus downtown but still not on campus.  That would be a good middle ground, no matter whether they use Hess Tower itself or the new Skanska spec spaces nearby.

    I don't think Chevron has ever given any indication that keeping the execs away from the worker bees is part of their strategy.

  12. 38 minutes ago, wilcal said:

    So you'll tax the existing downtown businesses? 

    If the O&G businesses next to downtown are fine with effectively paying for the project, then by all means, but there isn't exactly a lot of commerce happening in downtown Beaumont. 

    Well, it's not me.  I have nothing to do with it.  I just read the linked article and posted the quote. With TIRZ financing, they establish a TIRZ district; the taxes paid to the city general fund are frozen and any increase in taxes (due to higher valuations) are dedicated to the TIRZ District projects.  No tax rate increase for existing downtown businesses.

  13. Ah, Yes.  My apologies. But let's hope they don't actually plan to call it the "South of Holcombe Campus". 

    (1) it's unwieldy and (2) it's not sufficiently descriptive -- They would then have the South Campus, the Mid Campus, and the South of Holcombe Campus, all literally South of Holcombe.

    By the way, could you provide a link to the master plan?

    • Like 2
  14. 15 hours ago, Big E said:

    Because any attempted redevelopment of the Astrodome is immediately vetoed by both the Texans and the Rodeo, the two biggest tenants. Its been that way for years.

    Not really.  There have been zero proposals from private developers that have come anywhere near having the necessary financial backing.  Having said that, yes, any proposed use of the Astrodome has to account for and involve the Texans and the Rodeo. Of course it must. As you said, they are the primary tenants and without them, neither NRG Stadium nor NRG Center (and therefore, NRG Park) would exist.

  15. 15 hours ago, Highrise Tower said:

    wow! Anderson is projected to spend $155 million on demolition to prepare for the Inpatient Bed Tower.   Can't believe the amount of work is going on to achieve the land needed to build the IBT. Everything is being shifted!  Expect to see MD Anderson's new campus called "South of Holcombe" if everything goes as planned.   Can't wait for the dual towers there!

    I think they already call it "South Campus"

    • Like 1
  16. 14 hours ago, wilcal said:

    I mean... who is going to pay for all of that? The city probably has very limited funds and private developer ROI can't be there. 

    "Boone said the city plans to use as many economic development tools as possible to complete the project, with a large percentage of the funding made available by a Tax Increment Reinvestment Zone, commonly known as TIRZ, which the city expects to designate by the end of the year."

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