cityliving Posted November 5, 2023 Share Posted November 5, 2023 5 Quote Link to comment Share on other sites More sharing options...
004n063 Posted November 5, 2023 Share Posted November 5, 2023 On 9/27/2023 at 6:29 PM, jmitch94 said: I love how the Kroger and shopping center got demoed so we could have two gigantic abandoned lots in a prime area of town👍 The Houston way! Say it with me: Land. Value. Tax. 3 Quote Link to comment Share on other sites More sharing options...
hindesky Posted November 9, 2023 Share Posted November 9, 2023 "Council members unanimously approved two separate agenda items during the council's Nov. 8 meeting. The first item approved a restrictions and development agreement with Covenant House related to the sale of a city-owned, 12-foot-wide alley near Lovett Boulevard that runs from Mount Vernon Street on the west to Yoakum Boulevard on the east. The second item approved the abandonment of the alley to Covenant House in exchange for services and cash installments over the next five years. The background The Montrose-based nonprofit Covenant House works to help homeless youth specifically in the 18-24 age bracket. Officials broke ground in March on a new facility at the southwest corner of Lovett and Yoakum boulevards that will allow for a 50% increase in the number of homeless youth who can be sheltered. The alley that Covenant House will purchase runs through the center of the site where the new facility will be located." https://communityimpact.com/houston/heights-river-oaks-montrose/development/2023/11/08/houston-approves-sale-of-alley-as-covenant-house-construction-advances/ 2 Quote Link to comment Share on other sites More sharing options...
Ross Posted November 10, 2023 Share Posted November 10, 2023 On 11/5/2023 at 2:23 PM, 004n063 said: Say it with me: Land. Value. Tax. No. Worst idea ever. Totally ridiculous, and ignores reality. Quote Link to comment Share on other sites More sharing options...
004n063 Posted November 12, 2023 Share Posted November 12, 2023 On 11/10/2023 at 8:02 AM, Ross said: No. Worst idea ever. Totally ridiculous, and ignores reality. This weekend I saw somebody eating a mayonnaise, peanut butter, and jelly sandwich. So I can say with confidence that it is certainly not the worst idea ever. But I also am not sure the negatives of LVT outweigh the negatives of what we have now. Quote Link to comment Share on other sites More sharing options...
Ross Posted November 12, 2023 Share Posted November 12, 2023 1 hour ago, 004n063 said: This weekend I saw somebody eating a mayonnaise, peanut butter, and jelly sandwich. So I can say with confidence that it is certainly not the worst idea ever. But I also am not sure the negatives of LVT outweigh the negatives of what we have now. LVT would likely result in the construction of unneeded buildings that serve no useful purpose. The vacant lots will get built on when it's economic to do so. Quote Link to comment Share on other sites More sharing options...
004n063 Posted November 12, 2023 Share Posted November 12, 2023 35 minutes ago, Ross said: LVT would likely result in the construction of unneeded buildings that serve no useful purpose. The vacant lots will get built on when it's economic to do so. I would count both the elimination of a parking lot and the creation of shade as useful purposes. Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted November 13, 2023 Share Posted November 13, 2023 We already have a land value tax. Quote Link to comment Share on other sites More sharing options...
004n063 Posted November 13, 2023 Share Posted November 13, 2023 (edited) 8 hours ago, Houston19514 said: We already have a land value tax. Not in the sense in which the term is generally used in economics, which is to value all land in an area equally, so that maximizing the value of the land has no effect on the property tax, and leaving it as a vacant lot or a low-value use like a parking lot would be uneconomical for the owner. There are legitimate downsides, though. Most notably that it wouldn't create the deman needed to make building economical, but it would make it really hard to sell land, which added friction could backfire on the whole idea. I'm just not sure that backfiring would be any worse than having huge lots sit vacant for years, or as parking lots for decades, as they do now. Certainly, implementation of a Land Value Tax would need to follow the much less controversial (here, at least, I assume) elimination of minimum parking and setback requirements. Edited November 13, 2023 by 004n063 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted November 14, 2023 Share Posted November 14, 2023 (edited) 23 hours ago, 004n063 said: Not in the sense in which the term is generally used in economics, which is to value all land in an area equally, so that maximizing the value of the land has no effect on the property tax, and leaving it as a vacant lot or a low-value use like a parking lot would be uneconomical for the owner. There are legitimate downsides, though. Most notably that it wouldn't create the deman needed to make building economical, but it would make it really hard to sell land, which added friction could backfire on the whole idea. I'm just not sure that backfiring would be any worse than having huge lots sit vacant for years, or as parking lots for decades, as they do now. Certainly, implementation of a Land Value Tax would need to follow the much less controversial (here, at least, I assume) elimination of minimum parking and setback requirements. So what you really are advocating is to remove the tax on real estate improvements. In order to install such a tax system and maintain government revenue, you'd have to have a very large increase in the tax rate. Then get ready for the protests about a 75-story office building occupying a full block paying roughly the same property tax as a nearby 8-story apartment building. And that's in addition to the very real concerns you already stated. Edited November 14, 2023 by Houston19514 Quote Link to comment Share on other sites More sharing options...
hindesky Posted November 14, 2023 Share Posted November 14, 2023 9 Quote Link to comment Share on other sites More sharing options...
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hindesky Posted December 5, 2023 Share Posted December 5, 2023 Hawthorne St. side which will be the entrance to the property. 5 Quote Link to comment Share on other sites More sharing options...
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hindesky Posted January 2 Share Posted January 2 Crawler crane boom sections being unloaded. The crane will finish building the two upper floors and the middle section of the H shaped building. 7 Quote Link to comment Share on other sites More sharing options...
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hindesky Posted February 20 Share Posted February 20 Hanging iron for the middle of the H. The two wings are topped off. 5 Quote Link to comment Share on other sites More sharing options...
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