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Did Macys sell ?

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2020
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In reply to Bob Yancy • 8:25a, 1/26/25
Bob Yancy said:
tamufan said:
From that KBTX article: "The City recognizes the property's critical importance and potential as a transformative catalyst for economic growth and revitalization in the surrounding area. We're committed to pursuing all viable opportunities while ensuring a process that maximizes the property's potential and aligns with the long-term vision for the community," the city said in its most recent remarks.

Critical importance. Transformative catalyst. Maximizing potential. Long term vision for the community....

Wow! I am so proud. I'd like to know who wrote this so I know who to credit when I see "The City".


I didn't write that, and I don't altogether disagree with it. However, the Macy's alone would be hard pressed to serve as a catalyst for transformative change for the surrounding area. That kind of transformation would require the unanimous agreement of all 5 owners of the mall.

The whole matter raises significant questions regarding the proper role of government, both in the decision to acquire the property without proper due diligence, the lack of transparency in what led up to the acquisition, and the amount of time it's now sat vacant.

Malls require foot traffic, and an empty anchor that once was the main entrance to the mall being shuttered hurts the businesses currently located there.

For all that, I'm extremely motivated to find an answer, have two potential solutions I'm formulating, and really want to artfully extract ourselves from it in a way that benefits the taxpayers.

Respectfully

Yancy '95


Well said. Working on solutions is the way forward. But in order to prevent this from happening again and to instill confidence in council/city staff, the after action piece still needs to take place.
That means identifying and addressing the factors that led to this occurring in the first place. Be it specific individuals and the processes or lack thereof that enabled this. I know that most of that council has turned over by now but what role did current city staff have in this? Has this been addressed at city hall? We as taxpayers still do not have any transparent information on the how and why this decision was made.
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Bob Yancy
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In reply to 2020 • 9:08a, 1/26/25
2020 said:
Bob Yancy said:
tamufan said:
From that KBTX article: "The City recognizes the property's critical importance and potential as a transformative catalyst for economic growth and revitalization in the surrounding area. We're committed to pursuing all viable opportunities while ensuring a process that maximizes the property's potential and aligns with the long-term vision for the community," the city said in its most recent remarks.

Critical importance. Transformative catalyst. Maximizing potential. Long term vision for the community....

Wow! I am so proud. I'd like to know who wrote this so I know who to credit when I see "The City".


I didn't write that, and I don't altogether disagree with it. However, the Macy's alone would be hard pressed to serve as a catalyst for transformative change for the surrounding area. That kind of transformation would require the unanimous agreement of all 5 owners of the mall.

The whole matter raises significant questions regarding the proper role of government, both in the decision to acquire the property without proper due diligence, the lack of transparency in what led up to the acquisition, and the amount of time it's now sat vacant.

Malls require foot traffic, and an empty anchor that once was the main entrance to the mall being shuttered hurts the businesses currently located there.

For all that, I'm extremely motivated to find an answer, have two potential solutions I'm formulating, and really want to artfully extract ourselves from it in a way that benefits the taxpayers.

Respectfully

Yancy '95


Well said. Working on solutions is the way forward. But in order to prevent this from happening again and to instill confidence in council/city staff, the after action piece still needs to take place.
That means identifying and addressing the factors that led to this occurring in the first place. Be it specific individuals and the processes or lack thereof that enabled this. I know that most of that council has turned over by now but what role did current city staff have in this? Has this been addressed at city hall? We as taxpayers still do not have any transparent information on the how and why this decision was made.


I think it all comes down to transparency and what should be an exceedingly simple org chart:

Citizens

Council

Staff

Had the citizens been properly engaged early on, folks might've said no thanks and that should have been the end of it, or they might have been supportive if they had had a chance to hear it and weigh in. That's part of the irony. Had we as a community known the plan in 2021 there's a chance it might've worked with citizen support.

The original plan was extensive and included not just Macy's but the acquisition of Beall's too. It included both an esports facility and a city Rec center, so it's not the case that the Macy's was purchased with no specific purpose in mind. The Macy's was also not purchased to preclude a storage facility from acquiring it, as that would require unanimous consent of all mall property owners, which would not have been granted.

A significant staff led planning process was conducted with an outside firm before hand. That plan was likely approved to commence on an agenda at some point, but the citizens need far more transparency and outreach before something like this is decided. To my knowledge the resulting plan was not released. Not to the prior council or this one, anyway.

I think representation on council with business experience is extremely important. Nobody is perfect, and mistakes will always be made, but strong accountability, transparency, deference to the citizen bosses, extensive early due diligence and business experience can avoid mistakes before they happen.

Transparently yours,

Yancy '95
My opinions are mine and should not be construed as those of city council or staff. I welcome robust debate but will cease communication on any thread in which colleagues or staff are personally criticized. I must refrain from comment on posted agenda items until after meetings are concluded. Bob Yancy 95
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2020
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In reply to Bob Yancy • 10:07a, 1/26/25
Bob Yancy said:
2020 said:
Bob Yancy said:
tamufan said:
From that KBTX article: "The City recognizes the property's critical importance and potential as a transformative catalyst for economic growth and revitalization in the surrounding area. We're committed to pursuing all viable opportunities while ensuring a process that maximizes the property's potential and aligns with the long-term vision for the community," the city said in its most recent remarks.

Critical importance. Transformative catalyst. Maximizing potential. Long term vision for the community....

Wow! I am so proud. I'd like to know who wrote this so I know who to credit when I see "The City".


I didn't write that, and I don't altogether disagree with it. However, the Macy's alone would be hard pressed to serve as a catalyst for transformative change for the surrounding area. That kind of transformation would require the unanimous agreement of all 5 owners of the mall.

The whole matter raises significant questions regarding the proper role of government, both in the decision to acquire the property without proper due diligence, the lack of transparency in what led up to the acquisition, and the amount of time it's now sat vacant.

Malls require foot traffic, and an empty anchor that once was the main entrance to the mall being shuttered hurts the businesses currently located there.

For all that, I'm extremely motivated to find an answer, have two potential solutions I'm formulating, and really want to artfully extract ourselves from it in a way that benefits the taxpayers.

Respectfully

Yancy '95


Well said. Working on solutions is the way forward. But in order to prevent this from happening again and to instill confidence in council/city staff, the after action piece still needs to take place.
That means identifying and addressing the factors that led to this occurring in the first place. Be it specific individuals and the processes or lack thereof that enabled this. I know that most of that council has turned over by now but what role did current city staff have in this? Has this been addressed at city hall? We as taxpayers still do not have any transparent information on the how and why this decision was made.


I think it all comes down to transparency and what should be an exceedingly simple org chart:

Citizens

Council

Staff

Had the citizens been properly engaged early on, folks might've said no thanks and that should have been the end of it, or they might have been supportive if they had had a chance to hear it and weigh in. That's part of the irony. Had we as a community known the plan in 2021 there's a chance it might've worked with citizen support.

The original plan was extensive and included not just Macy's but the acquisition of Beall's too. It included both an esports facility and a city Rec center, so it's not the case that the Macy's was purchased with no specific purpose in mind. The Macy's was also not purchased to preclude a storage facility from acquiring it, as that would require unanimous consent of all mall property owners, which would not have been granted.

A significant staff led planning process was conducted with an outside firm before hand. That plan was likely approved to commence on an agenda at some point, but the citizens need far more transparency and outreach before something like this is decided. To my knowledge the resulting plan was not released. Not to the prior council or this one, anyway.

I think representation on council with business experience is extremely important. Nobody is perfect, and mistakes will always be made, but strong accountability, transparency, deference to the citizen bosses, extensive early due diligence and business experience can avoid mistakes before they happen.

Transparently yours,

Yancy '95


Thank you for providing that insight. Your take on the importance of business experience on council is something that cannot be overstated. With a half billion dollar annual city budget, I wish more folks would choose business acumen over academic theory.
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Hornbeck
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10:54a, 1/26/25
AG
The high cost of borrowing is going to make purchasing this boat anchor prohibitively exorbitant.

Many businesses are in "batten down the hatches" mode these days, due to a huge reduction in the average family's disposable cash because of high inflation and very low growth in wages. Even large companies founded by presidential influencing billionaires (Musk, Bezos, Zuckerberg) are laying off by the thousands.

I think the city will be saddled with this albatross until the winds of financial change blow, and this will go down as a colossally bad "investment" by the city money wise, but that's my opinion.
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woodiewood
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In reply to 2020 • 12:08p, 1/26/25
2020 said:
Bob Yancy said:
tamufan said:
From that KBTX article: "The City recognizes the property's critical importance and potential as a transformative catalyst for economic growth and revitalization in the surrounding area. We're committed to pursuing all viable opportunities while ensuring a process that maximizes the property's potential and aligns with the long-term vision for the community," the city said in its most recent remarks.

Critical importance. Transformative catalyst. Maximizing potential. Long term vision for the community....

Wow! I am so proud. I'd like to know who wrote this so I know who to credit when I see "The City".


I didn't write that, and I don't altogether disagree with it. However, the Macy's alone would be hard pressed to serve as a catalyst for transformative change for the surrounding area. That kind of transformation would require the unanimous agreement of all 5 owners of the mall.

The whole matter raises significant questions regarding the proper role of government, both in the decision to acquire the property without proper due diligence, the lack of transparency in what led up to the acquisition, and the amount of time it's now sat vacant.

Malls require foot traffic, and an empty anchor that once was the main entrance to the mall being shuttered hurts the businesses currently located there.

For all that, I'm extremely motivated to find an answer, have two potential solutions I'm formulating, and really want to artfully extract ourselves from it in a way that benefits the taxpayers.

Respectfully

Yancy '95


Well said. Working on solutions is the way forward. But in order to prevent this from happening again and to instill confidence in council/city staff, the after action piece still needs to take place.
That means identifying and addressing the factors that led to this occurring in the first place. Be it specific individuals and the processes or lack thereof that enabled this. I know that most of that council has turned over by now but what role did current city staff have in this? Has this been addressed at city hall? We as taxpayers still do not have any transparent information on the how and why this decision was made.
To me, the city should not have ever been involved in the vacant Macy's building. Within zoning regulations, the city should not be be influencing who purchases and their projected use of their property.

The COCS should only purchase property if they have a developed plan for current or future use of it in their role of supplying services to its taxpayers, and if there is a need, any major purchase should go before the citizens for input and the voters to vote on the purchase.

Same with the lawsuit with the owner being requred by the city to get a permit for a driveway and they do not live in the city but in an extraterritorial juristiction. If I live 3 1/2 miles from the city, what justification does the city have to control my use of my property. If they want to have a say, annex the property.



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EliteElectric
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In reply to Bob Yancy • 12:50p, 1/26/25
Bob Yancy said:

I think representation on council with business experience is extremely important. Nobody is perfect, and mistakes will always be made, but strong accountability, transparency, deference to the citizen bosses, extensive early due diligence and business experience can avoid mistakes before they happen.

Agree with all of this. If we all know and agree to going over the falls we have nobody to blame but ourselves, if a few failed academics drive us over the falls against our will, it's torch and pitchfork time.
www.elitellp.net/

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UhOhNoAgTag
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In reply to TyHolden • 12:22a, 1/28/25
TyHolden said:
What happened to the E-sports deal? That seemed like a great idea to revitalize it. The university needs to use it. Hell, Elon could build a tunnel to it.
My question too.
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EMY92
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In reply to textar4404 • 4:30a, 1/28/25
AG
textar4404 said:
Bob Yancy said:
I just saw this thread. The answer is no, no bids were received. I'm working on a solution. Couple of irons in the fire.

Respectfully yours,

Yancy '95

So I could have bid $1 and bought the old Macy's property??? Dang it. Missed opportunity.
That $1 would likely cost you hundreds of thousands per year. Taxes, maintenance, mall fees, insurance, and many more things to suck the money out of your wallet.
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woodiewood
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In reply to EMY92 • 4:41a, 1/28/25
EMY92 said:
textar4404 said:
Bob Yancy said:
I just saw this thread. The answer is no, no bids were received. I'm working on a solution. Couple of irons in the fire.

Respectfully yours,

Yancy '95

So I could have bid $1 and bought the old Macy's property??? Dang it. Missed opportunity.
That $1 would likely cost you hundreds of thousands per year. Taxes, maintenance, mall fees, insurance, and many more things to suck the money out of your wallet.
By buying it, we sure let the previous owner off the hook for net hundreds of thousands of dollars a year and transferred it to the taxpapers of CS.

Even leasing to to the school or other tax-exempt entity, will lose potential tax receipts every year. It could get to the point that selling it for a huge loss might still be more economical that losing the tax revenues year in and year out?

What a poor decision made by the city officials at that time.

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maddiedou
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7:43a, 1/28/25
AG
You are correct and I am not even gonna read the other thread

Just a poor attempt to try to save face for the stupid purchase of Macy's

maddiedou
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2020
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In reply to woodiewood • 8:20a, 1/28/25
woodiewood said:

What a poor decision made by the city officials at that time.



*City officials who are still city officials
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MsDoubleD81
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In reply to 2020 • 8:34a, 1/28/25
AG
Mayor Nichols and City Manager Bryan Woods are the lone 2 left from the fiasco. I even give Councilman "Not Wright" a pass on this one.
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2020
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In reply to MsDoubleD81 • 9:31a, 1/28/25
MsDoubleD81 said:
Mayor Nichols and City Manager Bryan Woods are the lone 2 left from the fiasco. I even give Councilman "Not Wright" a pass on this one.


So quite literally the topmost elected and unelected two individuals in city leadership & management? The buck must have stopped a bit further down.
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MsDoubleD81
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In reply to 2020 • 9:57a, 1/28/25
AG
It would be interesting to dig up the old meetings, but I have better things to do.
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Hornbeck
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12:25p, 1/28/25
AG
The story that the city is going with is that this was a "word of mouth deal" with the school. TAMU has reneged on their side of this deal.

Like I said on the other thread. The part that really upsets me is the amount of paperwork and redundancy that the average citizen or someone building something in CS has to go through is particularly onerous.

However, if you're John Sharp, there's no contract, there's no paper work, and apparently you can make the city lay out $7.3M, for you to just walk away leaving all of us, the Lolpoor taxpayers to foot the bill.

I'm mad, and I want accountability, and there seems to be none for the mayor and city manager that got us into this mess.
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Cartographer
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12:39p, 1/28/25
This is why the city needs to decouple it's priorities away from serving TAMU first.

The city is too big to serve the university the way it always has. No doubt the two will have to coexist but, to the extent that they can, they need to reshape their relationship to reflect the truth that the city's permanent population is double the current main campus enrollment and it is no longer in the city's best interest to serve the interests of the university before the interest of the taxpayers.

I say this knowing full well there is a significant overlap between the taxpayers and TAMU.
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EliteElectric
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In reply to Hornbeck • 12:45p, 1/28/25
Hornbeck said:
The story that the city is going with is that this was a "word of mouth deal" with the school. TAMU has reneged on their side of this deal.
If this is really the case, 100% of all people in this world that got into a deal like that would be removed from decision making for that organization. We aren't talking about ordering an extra case of paperclips here, this is 7+ million hard earned dollars. They may have come easy for city "leadership" (god I hate using that descriptor), but the rest of us worked hard for those dollars and none of us were asked if we thought this was a good investment of our money.

I understand your anger. Completely.
www.elitellp.net/

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techno-ag
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In reply to Hornbeck • 1:12p, 1/28/25
AG
Hornbeck said:
The story that the city is going with is that this was a "word of mouth deal" with the school. TAMU has reneged on their side of this deal.

Like I said on the other thread. The part that really upsets me is the amount of paperwork and redundancy that the average citizen or someone building something in CS has to go through is particularly onerous.

However, if you're John Sharp, there's no contract, there's no paper work, and apparently you can make the city lay out $7.3M, for you to just walk away leaving all of us, the Lolpoor taxpayers to foot the bill.

I'm mad, and I want accountability, and there seems to be none for the mayor and city manager that got us into this mess.
LOL. So somehow it's Sharp's fault now?
Trump will fix it.
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Hornbeck
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In reply to techno-ag • 1:26p, 1/28/25
AG
Ummmm, I've worked for the system before.

Nothing that is that visible and involves that kind of cash outlay does not get John Sharp's attention.

Your opinion may differ.

Maybe the city is being disingenuous. Maybe there was no "agreement" and they are just trying to pin the blame on TAMU. Do you have any inside info to shed?
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techno-ag
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In reply to Hornbeck • 2:09p, 1/28/25
AG
Hornbeck said:
Ummmm, I've worked for the system before.

Nothing that is that visible and involves that kind of cash outlay does not get John Sharp's attention.

Your opinion may differ.

Maybe the city is being disingenuous. Maybe there was no "agreement" and they are just trying to pin the blame on TAMU. Do you have any inside info to shed?
Nope, no insight. I just find it amusing that it always goes back to Sharp.
Trump will fix it.
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In reply to techno-ag • 2:18p, 1/28/25
AG
Sure seems funny that the mayor and the city manager would lay out that kind of taxpayer money for just some random dude that works in esports.

You would think they'd need the assurances of someone much higher up…. Someone with the authority to enter into a long term lease and all that entails.

I wonder who that could be?

Either side is pretty opaque for two entities that are supposed to be transparent organizations supported by taxpayer dollars.
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Captn_Ag05
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2:41p, 1/28/25
AG
Even if A&M signaled they wanted to use the space for the an e-sports arena, I don't give the city any grace. TAMU could have purchased it at the time it was up for sale. There was no reason for the city to inject itself into the process.
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woodiewood
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In reply to Hornbeck • 2:43p, 1/28/25
Hornbeck said:
Sure seems funny that the mayor and the city manager would lay out that kind of taxpayer money for just some random dude that works in esports.

You would think they'd need the assurances of someone much higher up…. Someone with the authority to enter into a long term lease and all that entails.

I wonder who that could be?

Either side is pretty opaque for two entities that are supposed to be transparent organizations supported by taxpayer dollars.
I don't remember any discussion before and during the city's purchase that indicated at all that A&M was interested in the Macy's building. The only thing that I remember is that the city wanted to control the use and the occupancy of the building because it was a huge visible building located at one of the prime entrances to the city (which it really isn't). Seems to me the Esports discussion was months after the purchase.

Can someone give me a link to any comment from A&M or COCS officials that the COCS was in discussion with Sharp or any A&M official before the COCS purchased it?
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aggiepaintrain
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2:44p, 1/28/25
AG
TAMU FOIA request anyone?
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Hornbeck
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In reply to woodiewood • 2:52p, 1/28/25
AG
Maybe the guys selling it let the city know that TAMU was shopping it for esports, and the city "swooped in" to buy it?

The real issue here is that neither side is particularly forthcoming. Is it because they don't want the folks involved held accountable? I don't know, and in the vacuum of knowledge, people speculate.
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duff el pud
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3:26p, 1/28/25
Here's the hard hitting news story from August of 2022 about the City thinking about the purchase.

Is the "Bryan-College Station resident" quoted in the article also the wife of the recently retired Chancellor? Why would KBTX be interviewing her about the possible purchase, and why without identifying her except as a resident whose house apparently straddles the city limit line?
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Hornbeck
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In reply to duff el pud • 3:31p, 1/28/25
AG
duff el pud said:
Here's the hard hitting news story from August of 2022 about the City thinking about the purchase.


There isn't going to be any tough journalism with the two entities involved.
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duff el pud
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3:34p, 1/28/25
WTAW scratched a little deeper here.

The seller's agent was one Ed Corn Jr., a failed furniture salesman from Vista, California.
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MeKnowNot
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In reply to duff el pud • 4:13p, 1/28/25
duff el pud said:
WTAW scratched a little deeper here.

The seller's agent was one Ed Corn Jr., a failed furniture salesman from Vista, California.
That WTAW story aged like milk.

"The vote followed recommendations from city manager Bryan Woods and chief economic development officer Natalie Ruiz to acquire the building to control future development of the property."

The audio that accompanies the story is even worse.
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UhOhNoAgTag
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In reply to MeKnowNot • 4:19p, 1/28/25
One of the opponents was current city councilwoman, Melissa McIlhaney.

"The council heard from two opponents during a public hearing. That was followed by comments in support from council members Linda Harvell and Dennis Maloney."
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MS08
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In reply to Captn_Ag05 • 9:13p, 1/28/25
AG
Captn_Ag05 said:
Even if A&M signaled they wanted to use the space for the an e-sports arena, I don't give the city any grace. TAMU could have purchased it at the time it was up for sale. There was no reason for the city to inject itself into the process.
This.

As I said in the other thread, this should have been totally handled within the private sector. Why? Because, in the private sector, there is inherent accountability and risk with each decision you make, and making a mistake, especially big, ugly, bad ones (like this one) will put you out of business, and possibly even filing for bankruptcy. The private sector knows this all too well, because they live it at each turn of their business. The City and governement does not live in this reality, cannot relate to it, and is not impacted by it from a livelihood standpoint; thus, they have no business in engaging in such matters. For most private sector outfits or individuals, making this Macy's acquisition like the City did, would have fully cooked them.

Get it back into the private sector's hands, and put checks & balances in place so that this nonsense and fiduciary negligence does not happen again - that is what we the people want.
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MeKnowNot
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In reply to UhOhNoAgTag • 4:44p, 1/29/25
UhOhNoAgTag said:
One of the opponents was current city councilwoman, Melissa McIlhaney.

"The council heard from two opponents during a public hearing. That was followed by comments in support from council members Linda Harvell and Dennis Maloney."

Perhaps Councilwoman McIlhaney is now in a position where she can gain (and hopefully make public) some additional insight into the how & why this fiasco happened and create guardrails to prevent it from happening again.

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Bob Yancy
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In reply to MeKnowNot • 5:59p, 1/29/25
MeKnowNot said:
UhOhNoAgTag said:
One of the opponents was current city councilwoman, Melissa McIlhaney.

"The council heard from two opponents during a public hearing. That was followed by comments in support from council members Linda Harvell and Dennis Maloney."

Perhaps Councilwoman McIlhaney is now in a position where she can gain (and hopefully make public) some additional insight into the how & why this fiasco happened and create guardrails to prevent it from happening again.



Highly valued colleague. Presses for answers until she gets them. Smart as a whip. Business acumen. A credit to the community she serves.
My opinions are mine and should not be construed as those of city council or staff. I welcome robust debate but will cease communication on any thread in which colleagues or staff are personally criticized. I must refrain from comment on posted agenda items until after meetings are concluded. Bob Yancy 95
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Captn_Ag05
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In reply to Bob Yancy • 6:25p, 1/29/25
AG
Perhaps she would make a solid choice for mayor after your term ends
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MsDoubleD81
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In reply to Captn_Ag05 • 6:32p, 1/29/25
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Well, she was endorsed by the group we are not supposed to mention by name on here, but so was Yancy.
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