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  1. #51
    W4A1 143 43CK? Nbadan's Avatar
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    So you think that the "sport" which left the entire country due to lack of support will now generate 25 million + per year in tax revenue??
    Not saying that this is a wise investment at this time, but I believe the SA grand prix generated millions in revenue for SA..

  2. #52
    I play pretty, no? TeyshaBlue's Avatar
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    I think the emergence of wing-nut radio had more to do with the GOP progression to the right than Jerry Falwall....now every GOP candidate has to pass the wing-nut smell test, ie...be a 'social conservative'...to have any shot at major office representing Republicans...for instance, some of the new breed of tea-baggers are somewhat fiscal conservative, but every one of them is a hard-core social conservative...
    I think those were almost symbiotic at the time. The emergence of talk radio predated the Moral Majority movement by a few years so your point seems solid.

  3. #53
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    The Bexar Appraisal District valued the luxury property at $250 million.

    The hotel sued and offered up its own value: $100.5 million.

    That dispute is scheduled for trial in November, but an amendment approved by the Texas House this week could make it too risky for the Bexar Appraisal District to go to court against the JW Marriott — or other large commercial property owners that sue to have their tax values lowered.

    Read more: http://www.mysanantonio.com/news/loc...#ixzz1MF7E6UwS




    http://www.mysanantonio.com/real_est...ts-1377247.php

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    Repugs reducing taxes on Corporate-Americans while ing Human-Americans, yawn.

  4. #54
    keep asking questions George Gervin's Afro's Avatar
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    The Bexar Appraisal District valued the luxury property at $250 million.

    The hotel sued and offered up its own value: $100.5 million.

    That dispute is scheduled for trial in November, but an amendment approved by the Texas House this week could make it too risky for the Bexar Appraisal District to go to court against the JW Marriott — or other large commercial property owners that sue to have their tax values lowered.

    Read more: http://www.mysanantonio.com/news/loc...#ixzz1MF7E6UwS




    http://www.mysanantonio.com/real_est...ts-1377247.php

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    Repugs reducing taxes on Corporate-Americans while ing Human-Americans, yawn.
    In this bill even if you win..you could still have to pay the defendents attroneys... Nice job Texans..

  5. #55
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    $500M to develop, but only worth $100M taxable? Every (Lie) is Bigger in Taxless.

  6. #56
    Scrumtrulescent
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    Repugs reducing taxes on Corporate-Americans while ing Human-Americans, yawn.
    Oops.

    State Rep. Roland Gutierrez, D-San Antonio, successfully added the amendment Monday to the so-called “loser pays” tort reform.

    The amendment deals specifically with appraisal districts, and says that if an appraisal district loses a court fight with a property owner, it would have to pay the owner's legal expenses.

  7. #57
    I play pretty, no? TeyshaBlue's Avatar
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    roflcopter

  8. #58
    I play pretty, no? TeyshaBlue's Avatar
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    ing VRLWC!

  9. #59
    I am that guy RandomGuy's Avatar
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    Think of it as a Sales Tax Revenue Generator.
    I am sure it will generate *some* revenue.

    The problem is that can be said about a great many things.

    I don't see the cost/benefit panning out over the long term, and there are many other things with much better prospects in terms of payback to the economy and state treasury.

    Give me $25M per year, and I am almost certain that I can do better for the state than formula one racing. Small business incubator zones, drug addiction treatment, and scholarships are things just off the top of my head that I think we could do with the money.

  10. #60
    I play pretty, no? TeyshaBlue's Avatar
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    I am sure it will generate *some* revenue.

    The problem is that can be said about a great many things.

    I don't see the cost/benefit panning out over the long term, and there are many other things with much better prospects in terms of payback to the economy and state treasury.

    Give me $25M per year, and I am almost certain that I can do better for the state than formula one racing. Small business incubator zones, drug addiction treatment, and scholarships are things just off the top of my head that I think we could do with the money.
    I know the DFW area didn't make out too well with the Superbowl.
    http://dfw.cbslocal.com/2011/04/06/s...s-anticipated/

  11. #61
    I am that guy RandomGuy's Avatar
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    It's already generated $1million for Travis county. Just $249 more to go.
    Link?

  12. #62
    I am that guy RandomGuy's Avatar
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    The Bexar Appraisal District valued the luxury property at $250 million.

    The hotel sued and offered up its own value: $100.5 million.

    That dispute is scheduled for trial in November, but an amendment approved by the Texas House this week could make it too risky for the Bexar Appraisal District to go to court against the JW Marriott — or other large commercial property owners that sue to have their tax values lowered.

    Read more: http://www.mysanantonio.com/news/loc...#ixzz1MF7E6UwS




    http://www.mysanantonio.com/real_est...ts-1377247.php

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    Repugs reducing taxes on Corporate-Americans while ing Human-Americans, yawn.
    Talk about a bad idea. I wish I could say that I am astonished at this point by the stupid that elected reprentatives do.

  13. #63
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    deep and pure red-state TX legislature is controlled by Repugs (since Repugs went racist), not Dems.

  14. #64
    I am that guy RandomGuy's Avatar
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    D or R, it is still a stupid idea.

    The guy isn't my rep, but maybe someone who is in his district can call him and jerk the leash a bit?

    I am stuck with a Tea Party wannabee.

    Signed up on the volunteer list for the Hays County Dems yesterday. I want Pat Rose back.

  15. #65
    I play pretty, no? TeyshaBlue's Avatar
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    deep and pure red-state TX legislature is controlled by Repugs (since Repugs went racist), not Dems.
    I see. The omniscient Repugs used the Jedi mind trick on this hapless Dem. Oh the humanity!

  16. #66
    I play pretty, no? TeyshaBlue's Avatar
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    D or R, it is still a stupid idea.

    The guy isn't my rep, but maybe someone who is in his district can call him and jerk the leash a bit?

    I am stuck with a Tea Party wannabee.

    Signed up on the volunteer list for the Hays County Dems yesterday. I want Pat Rose back.
    I'm holding a seance for Ann Richards!

  17. #67
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    Figguers some fat, corrupt SA DEM would screw Human-Americans.

    VRWC doesn't exclude Dems, btw. Plenty of Dems are corrupted by VRWC $$$.

  18. #68
    Scrumtrulescent
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    D or R, it is still a stupid idea.
    When talking about 9-digit property assessments, yeah, bad idea. For the average homeowner though, I think there's some merit to the idea. I've been in my current home for four years and I've had to protest my assessment four times. It sure seems to me that appraisal districts, or at least my appraisal district, just over inflates everyones assessment knowing that only a small percentage of people are smart enough to figure out that they're getting screwed. Fortunately for me I've been able to settle my protest each time, but I'd sure hate to be put into a position where I'd have to choose between paying a lawyer to help me get a fair assessment or just paying higher taxes on a bogus value.

    Seems like a fair compromise here, IMO at least, would be to put a cap on the legal expenses an appraisal district would have to cover. Make it like a grand or two. That protects the small property owner against the appraisal district and it protects the appraisal district against million dollar legal fees on the mega-properties.

  19. #69
    I am that guy RandomGuy's Avatar
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    When talking about 9-digit property assessments, yeah, bad idea. For the average homeowner though, I think there's some merit to the idea. I've been in my current home for four years and I've had to protest my assessment four times. It sure seems to me that appraisal districts, or at least my appraisal district, just over inflates everyones assessment knowing that only a small percentage of people are smart enough to figure out that they're getting screwed. Fortunately for me I've been able to settle my protest each time, but I'd sure hate to be put into a position where I'd have to choose between paying a lawyer to help me get a fair assessment or just paying higher taxes on a bogus value.

    Seems like a fair compromise here, IMO at least, would be to put a cap on the legal expenses an appraisal district would have to cover. Make it like a grand or two. That protects the small property owner against the appraisal district and it protects the appraisal district against million dollar legal fees on the mega-properties.
    There are firms that work contingency, i.e. they don't get anything unless you do.

    Protax of Austin springs to mind. (think I got the name right)

  20. #70
    Scrumtrulescent
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    Yeah, I get letters from two or three of those firms every year. Most of the ones I get are wanting about half of whatever your tax savings would be. Depends on what kind of spread you're dealing with, but even as a contingency that seems pretty steep to me.

  21. #71
    I am that guy RandomGuy's Avatar
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    Yeah, I get letters from two or three of those firms every year. Most of the ones I get are wanting about half of whatever your tax savings would be. Depends on what kind of spread you're dealing with, but even as a contingency that seems pretty steep to me.
    1/2 would seem steep to me as well.

    Seems to me you could simply use them once, see what they do, then replicate it for the next year.

  22. #72
    It's off a video game. lazerelmo's Avatar
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    Oh My mistake, that was bond money so they could break ground without FEMA's blessing.

    http://www.statesman.com/blogs/conte...f1_crucia.html

    Of course if no FEMA approval, then it will be revenue for Travis County.

    Not to mention they are trying to get the investors to pony up $6million for road improvements so even with FEMA approval they'll probably never see that money again.

  23. #73
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    While I agree with the sentiment that the Formula 1 track is a really stupid idea, speaking strictly from a construction standpoint, it's a tremendous help for a construction community in Austin that has been hammered by the economy more so than the other major cities in Texas.

    As it stands right now, there is one single Construction Manager, 7 different General Contractors, and what will probably end up being well over 100 sub-contractors that will all be helping to construct the track.

    That's a ton of jobs, and a ton of money for a lot of people that may otherwise have to close up shop if it weren't for this.

    So it's not all bad.

  24. #74
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    Figguers some fat, corrupt SA DEM would screw Human-Americans.

    VRWC doesn't exclude Dems, btw. Plenty of Dems are corrupted by VRWC $$$.
    And has there ever been a poster in the political forum that uses more racial slurs than boutons?

  25. #75
    Alleged Michigander ChumpDumper's Avatar
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    While I agree with the sentiment that the Formula 1 track is a really stupid idea, speaking strictly from a construction standpoint, it's a tremendous help for a construction community in Austin that has been hammered by the economy more so than the other major cities in Texas.

    As it stands right now, there is one single Construction Manager, 7 different General Contractors, and what will probably end up being well over 100 sub-contractors that will all be helping to construct the track.

    That's a ton of jobs, and a ton of money for a lot of people that may otherwise have to close up shop if it weren't for this.

    So it's not all bad.
    If it's such a great idea, why do they need government handouts?

    Considering the ton of jobs that were lost due to budget cuts, this is ridiculous.

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