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June 17, 2019

Comments

What Max doesn't tell you about getting tax credits for historical building renovations is the huge amount of time involved getting through the approval process from whatever agency(ies); finding the exact same windows that were in the house/building; including the crank to open them; or being required to leave windows in the building that are not energy efficient; hell they may require the old rotting wood paneling be left up and the wallpaper. It is not as easy as he thinks it is. As the director of the Downtown Management District said you will need to hire accountants, lawyers, architects to make sure the tax credit is done properly. Grants can be taken away if not carried out exactly to the letter (or paid back if you spent the money).

I think it's best to go building by building to determine any historical significance and putting a condition on the building.

I agree with DavidK - this is to screw over Margo and everyone else that didn't support certain county commissioners in their last run for office.

" raise your taxes and kill growth " What ? A fucking Arena that will lose us money no matter where it is built ? That location will kill growth ?

Bulldoze DTEP and save all of us money.

we cant Jerry. We already subsidized another bank building we don't need, but hey, that slow ass trolley goes right by it and I'm sure the 10 people who ride the trolley bank there !

Sad little max finally got a win. All this helps is his large ego and tiny little.... hands..

David,

You need to change the name of this blog to DrinktheKoolaid.

Rich

Samaniego is the dumbest m*****er I’ve seen in a long time. How he is Judge boggles my mind.

Gonna agree with Rich Wright on this one. I'm sure you've noticed that Austin - where I've heard you live - has done a much better job of taking care of its historic buildings than we have. And many of the most desirable, expensive neighborhoods are also the most historic.

Before you say anything about El Paso being too poor to do the same thing - hear me out. I recently sold two houses in central El Paso that I completely restored and came away with a nice profit from both of them. And you don't need a job at Google to be able to afford these types of houses eithers. One of the buyers were a couple that work in government and another was a small business owner.

Yes - I know that projects like the Mills Building might be money losers. But that project was an absolute beast that involved combining two buildings and attaching a monstrosity of a parking garage to them. Almost none of the buildings in this area would need or could even accommodate that scale of a project.

I'm not arguing that every old building should always be saved. If someone wants to tear down a non-historic old building to put something better in its place, I'm not necessarily opposed. But in El Paso we've seen too many old buildings torn down and replaced by vacant lots or parking garages. And the more we can do to prevent that from happening in the future, the better.

Kudos to Joel for renovating older homes in central El Paso. That place is a mess with really rundown homes. Hope more people will do that. The old dilapidated buildings in DT El Paso that have been torn down and left as dirt lots or parking lots are probably done because there just wasn’t a cost effective way to renovate them, and a pro forma that showed it could be rented or sold for a profit. Fixing up old buildings or houses is always, always about money. It’s very expensive and there has to be a return on investment unless you are so wealthy you just don’t care about breaking even or making a profit.

Yes, Austin has protected and restored older houses and buildings, but Austin has a shortage of affordable housing. House prices and rents in the city limits are extremely high. There is always a price to pay for these type of actions.

David,
It is becoming increasing obvious to me and quite a few others that not only do you have a political and/or financial agenda on this blog, but you also have zero idea what you are talking about. There is not a single fact in this post. I have you on my email list and have already provided you with the basic information on this topic. A National Register district, like those in the downtowns of all other major Texas cities, does not "freeze" anything. It confers no legal protection. It imposes not one regulation on property owners, unless (1) the property owner wants to take advantage of fed and state tax credits that can pay for up to 45% of renovation costs, or (2) the property is federally owned or funded. Thus, more than 99% of the property owners have all the liberty in the world to decide what to do with their private property. That is why these districts are popular in deep-red Texas. They are revenue positive! In El Paso, the new district will not stop the "arena" or any other mass demo project, but it will make historic properties inherently more valuable. Foster, Gaddy, and Meyers have used the same credits to restore the Mills Bldg, Bassett Tower, and the Hotel Paso del Norte. Now the credits will be available for 968 buildings. Please consider educating yourself before you bloviate about issues you know little or nothing about. Btw, you have a couple of super creepy trolls on this page, including at least one Nazi and an apparent sex offender fascinated with childrens’ hands.

Max,

Wrong! And your actions with Duranguito are proof that no owner has any control over their property once it's even "thought" to be historic. Do the former owners of Duranguito or the city currently "have all the liberty in the world to decide what to do with their private property." It would appear that they do not have any liberty to do anything with the property at all. Your power over those nearly 1,000 properties is limitless once you get your designation. You didn't even need the designation to shut down Duranguito progress.

Foster, Gaddy and Meyers did it out of the goodness of their hearts. They are rich, they have that option. I'm thankful for their leadership and efforts to make El Paso better.

I have no financial gains in my future with anything going on in South El Paso. It's not what my parents do and the people doing it already have their teams picked out and I ain't involved. In fact, they all wish I'd stop blogging about it. This is a matter of private property rights and protecting our most vulnerable citizens.

Funny - the anti-semite is on the same side of all these issues as you. You might reevaluate your stances on them.

Love

David K

Gentrification is frequently just another way to say, "I don't want poor people in the neighborhood." Yet, it is great when people fix up old homes and buildings to create a trendy ambiance, but this raises property values and taxes and landlords seek out tenants who can pay the higher prices. No more boyz in the hood.

I don't have a solution unless we follow David's desire and sprawl out subdivisions to the horizon, which doesn't seem like a good idea either.

When I ran the HFC, we provided special incentives in the form of additional down payment for mortgages on homes in these designated areas, Like Rio Grand. We also worked with Wells Fargo that back then had a special mortgage program to assist rennovation of these type of homes. In three years, I am only aware of one such loan we made to a owner to restore their newly-purchased old home. And this out of hundreds of mortgages made.

The bottom line of it was that anyone who could afford to buy a home wanted a new/newer one near good schools, not in Central, South or Rio Grand.

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