Wow, thought sounds great! If you bought all of that, I have a ski-resort in northwest Houston to sell you!
Bullet train connecting Houston to Dallas expected to break ground next year.
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Last: 9 yr ago by Fitch
Is it indoors, like Dubai?
That's my thoughts too, Fitch. You don't believe most of that do you? From your posts on premium I believe you do have some knowledge of things like this, I can't believe they are still pushing out these lines of BS though.
I don't know any more about this one than what I read in publications and the TCR route analysis reports. That said, I sit on the board for the Aggie Real Estate Network and we will have one of the guys with Texas Central Railway at our conference later this summer, so I hope to glean something more than PR from that.
I do think the dates are overly optimistic, but they seem to be marching through the process as best as one could imagine.
Everything I've seen of TCR thus far makes me think they are legitimate, principally because of the money raised to date has come from savvy investors. My bet is folks like Jack Matthews have seen the numbers the public hasn't and recognize the opportunity to capitalize on the real estate play around the stations.
Add to that the Japanese prime minister has an interest in this specific project being successful. The Japanese are trying to grow their economy by exporting their technology (HSR) to other countries, but are losing to competing Chinese firms in Eurasia. My guess is they view this project as a toehold into the US, and if it can be proved up in Texas then the rest of the country might buy in.
That's largely speculation on my part, but I find it a more convincing argument than saying this is some land grab or that the same folks who have privately raised $150 million and are jumping through federal hoops are doing so just to purposefully go bankrupt in a few years and exit as fat cats.
I know there are a couple of folks here who are being affected by it, and for them I empathize, but from working in the commercial real estate world in both Dallas and Houston I personally don't know anyone that hasn't been supportive of the concept. I see a lot of demand in the market for it which makes me think it'll get done in time.
I do think the dates are overly optimistic, but they seem to be marching through the process as best as one could imagine.
Everything I've seen of TCR thus far makes me think they are legitimate, principally because of the money raised to date has come from savvy investors. My bet is folks like Jack Matthews have seen the numbers the public hasn't and recognize the opportunity to capitalize on the real estate play around the stations.
Add to that the Japanese prime minister has an interest in this specific project being successful. The Japanese are trying to grow their economy by exporting their technology (HSR) to other countries, but are losing to competing Chinese firms in Eurasia. My guess is they view this project as a toehold into the US, and if it can be proved up in Texas then the rest of the country might buy in.
That's largely speculation on my part, but I find it a more convincing argument than saying this is some land grab or that the same folks who have privately raised $150 million and are jumping through federal hoops are doing so just to purposefully go bankrupt in a few years and exit as fat cats.
I know there are a couple of folks here who are being affected by it, and for them I empathize, but from working in the commercial real estate world in both Dallas and Houston I personally don't know anyone that hasn't been supportive of the concept. I see a lot of demand in the market for it which makes me think it'll get done in time.