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Open letter to the Caller Times |
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Contributed by Coastin
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Monday, 19 March 2007 |
Dear Caller Times Editorial Board,
I have trouble seeing why educated people in the news media say stuff like this:
"TRT proposed a $30 million amusement park, while the Padre Island resort would have been $1.5 billion in development."
Excerpt from Corpus Christi Caller Times article:
http://www.caller.com/ccct/local_news/article/0,1641,CCCT_811_5426757,00.html
Bayfront development - We're back to square 1
By Dan Kelley and Denise Malan Caller-Times
March 18, 2007
Please show us some solid evidence that a Canadian Developer was really going to build this reported $1.5 billion resort in the Packery Channel area. The Caller Times has made this assertion repeatedly. Surely you check more than one source before telling your readers that something is true. When you state something over and over again as if it were true without checking that there is credible evidence you do a great disservice to your readers and the Caller Times as a “News Media Outlet”.
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Last Updated ( Monday, 19 March 2007 )
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Read more...
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Written by Web Master
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Sunday, 29 October 2006 |
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If you are new to the subject of Packery Channel some of this will not
make any sense. If you are familiar with this controversial tax
funded, real estate speculation fueled, environmental channel project
you likely know little of it makes any sense.
I
have included some links here to help inform you about Packery
Channnel:
Introduction
to Pachery Channel
Texas
Inlet Facts
Geomadre
What
the Peer Review Really Says
Aerial
images with comments from Dr. Watson
Index of Scientific and Engineering Information
and Links to Articles and Publications
US Army Corps of Engineers Packery info site
US Army Corps of Engineers Packery Archive site
Packery.Com Archive Site
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Last Updated ( Monday, 19 March 2007 )
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Imagine what 1.5 billion dollar resort will look like |
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Written by Administrator
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Saturday, 28 October 2006 |
Special thanks to the Dredge Report for use of the Paul Schexnailder 1.5 billion dollar promissory note.
Ever wonder what 1.5 billion dollars would buy in a resort facility?
With all the hype touting a 1.5 billion dollar resort in exchange for closing off beach access to vehicular traffic and giving up exclusive vending rights to property owners adjacent to that section of beach, one must be curious as to what 1.5 billion dollars would buy. Resorts in exotic places like Atlantic City, Los Vegas and many other upscale resort areas generally tend to be in that price range. The same 1.5 billion dollar figurer to build a resort comes to light in some developing countries as well.
The pro-beach-closure campaign tries to frame it in their advertising by asking us to imagine all the benefits of this kind of investment on North Padre Island (over 15 years). They want us to imagine all the really cool stuff we could get, including lots of jobs. Yeah, just close your eyes and imagine it... Now imagine that Paul Schexnailder has a developer waiting in the wings to plop down 1.5 billion worth of resort facility in that tiny space around Packery Channel!
The City Council apparently knows the difficulty in trying to raise 1.5 billion dollars, as they have written into the resolution they adopted regarding creating an ordinance (none exists for us to examine yet) that they will give Schexnailder five years to come up with some money to build his resort.
You may remember Paul Schexnailder, the guy who the Packery Channel TIF promoters all said would be responsible for buying the 10 million dollars in bonds to cover the City's share of the Packery Channel costs.
How well did that work out?
It didn't and the City had to devote Skip Noe (then an assistant City Manager) to selling the bonds over several months. His salary was paid for by us taxpayers, something that Paul Schexnailder should have been held accountable for. He wasn't and that should be a sign of things to come.
It's fun to imagine all the neat stuff we could get if Paul Schexnailder keeps his word this time, but I wouldn't hold my breath expecting it to happen that way. It is far is easier to visualize how Padre Island real estate speculators would profit from selling lots in the effected area.
In Paul We Trust?
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Last Updated ( Monday, 19 March 2007 )
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