Between the pickleball court idea and rec center, I think this is an elaborate scam to not have to sell it and have an actual loss.
MsDoubleD81 said:
I'd kinda like another option besides Golds out south. There are quite a few near campus.
MsDoubleD81 said:
Not many of those are in South College Station.
MsDoubleD81 said:
Not many of those are in South College Station.
I'm sorry, I haven't watched the interview, did the mayor imply that the City bought the building from Macy's? If so, that's not true.Hornbeck said:
One of his talking points was that Macy's owned the building, and they could sell it for storage.
I have to believe that Macy's covenants would include you can't sell to a storage place, or a place of worship. I assume that the entity that owned the mall before CBL acted somewhat like an HOA. Can one of you commercial real estate types add some color here? The computer nerd has no clue.
Quote:
What is driving these ideas and decisions?
I honestly don't understand the underlying philosophy of civic government at play here.
REComBKR85 said:
This may have already been covered. The building sold for $3.50M, from Macy's to West Valley JMYL, LP in January of 2022. The City subsequently acquired the building for well north of $7MM, nine months later, in October of 2022, from JMYL, LP. The appraisal districts property deed history seems to be curiously missing the deed from Macy's to JMYL, LP, and shows a deed record from Macy's to the City of CS, which doesn't exist.
I get the impression that there's politics afoot between the council member getting stalled and the mayor. The mayor knows this looks bad.tamufan said:
Is the city manager somehow immune to being dismissed? Given the claim by elected officials that he refuses or delays answering questions from those same elected officials, I am not sure why he still has a job. Further, if he was in charge during all of this, can he be dismissed for cause? But maybe there is more to the story.
(Apologies if this was covered above.)
Craig Regan 14 said:
For those that wished to address council directly about this.
The next full council meeting agenda has yet to be posted. There was a meeting at 10am this morning
REComBKR85 said:
The building sold for $3.50M, from Macy's to West Valley JMYL, LP in January of 2022. The City subsequently acquired the building for well north of $7MM, nine months later, in October of 2022, from JMYL, LP. The appraisal districts property deed history seems to be curiously missing the deed from Macy's to JMYL, LP, and shows a deed record from Macy's to the City of CS, which doesn't exist.
Even looking at the rate they delude themselves. A year or so ago I posted on here with a list of 21 cities in Texas. The 10 that were immediately larger and smaller than College Station. CS was pretty much smack in the middle of the pack. Some cities like the Woodlands had tax rates that were substantially lower. CS DOES NOT have a low tax rate compared to cities of its like size. It has tax rates that are average and roof top values higher than many comparable cities (see Bryan next door).tamufan said:
All this talk about tax RATES is smoke and mirrors. School districts and cities always want to talk about the tax RATE.