Help save a hobby shop!
#30
My Feedback: (3)
Last time I was there was several years ago and even then my gps could not keep up with the new highway construction. I have always liked the place and wondered how he could afford all that space as the traffic did not seem great enough to support the size of the building. Being from out of town Mike made a point of welcoming me and speaking at length. He was worried then about the expansion of the corridor. I asked about the size of the building and how back home it would not be practical. He made mention of the many empty buildings such as this that one could rent pretty inexpensively. Unlike Canada utilities were much less costly. I got the impression he thought moving was only a matter of time and he had several irons in the fire. If things have changed that’s really sad it is a very ambitious facility and it would be a shame to loose it.
Dennis
Dennis
#39
I hope he stays open some where because it would be devastating to the local hobbiest if he closed up.
#42
My Feedback: (14)
Join Date: Aug 2008
Location: Temple,
TX
Posts: 37
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My buddy just went thru this same thing in central Texas. the problem is not the state, the problem is the appraisers, the state pays the every time they do an appraisal. So these guys purposely appraise properly very low because they know they will have to go back multiple times to re-appraise the same property. It is well known that a bunch of these guys are now very wealthy. The only way Mike will come out on this deal is to get a good lawyer that specializes in this. I know that my buddy ended up getting 10 times the original offer on his property on IH 35. I hate dealing with lawyers as much as anyone but they have fixed it so you have to use them in cases like this.
#45
My Feedback: (11)
Seems to me... he would do better with a good lawyer and land sales & acquisition specialist than a petition. Hold out for relocation expenses. He will have to move to continue his current business plan, but the building and land he leaves behind certainly has value to another business. It is for the public welfare to expand the interstate. He will not win a battle to keep this property. The public is going to have to compensate him, that is where the lawyers come into this.
#46
Seems to me... he would do better with a good lawyer and land sales & acquisition specialist than a petition. Hold out for relocation expenses. He will have to move to continue his current business plan, but the building and land he leaves behind certainly has value to another business. It is for the public welfare to expand the interstate. He will not win a battle to keep this property. The public is going to have to compensate him, that is where the lawyers come into this.
Savannah, GA, Chicago Land (Buffalo Grove) and a number of others on a limited time. The big-wheels are in a strong position and they stay there because they hang to us HARD-CORE Conservatives. My youngest son owns a Land Acquisition business. While he is mostly out of IL, he has performed in up to 35 states. He tried some years ago to establish in TX, but pulled out in a year or so. He said TX was the most solid "Good Ol' Boy" state of all. Having done some Real Estate stuff in IRA management, I certainly agree. I don't see any help from the legal Beagles here unless he is in the millionaire++ and ready to get rid of a significant amount of same.
Edited to add: Check Jolly Poper , #6 IIRC, he also was sent down the road here in TX. And somewhere in all these posting, I probably stated that I do not ever wish to again do business with Equity Trust, formally Sterling Trust in Waco. Sterling was fine, (15 years) when it became Equity, hide your money, grab your horse and saddle and get the heck out of town!!!
Last edited by Hossfly; 04-18-2014 at 07:34 PM.
#47
Join Date: Jun 2012
Location: JOSHUA,
TX
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LAST TIME I WAS THEIR, I WAS TOLD THAT THEY HAD ANOTHER PLACE TO GO. JUST A FEW MILES UP ON I _35. ???. YES IT IS SHAMFUL, THAT THE STATE CAN DO WHAT EVER THEY WANT. BUT WE HAVE NO BODY TO BLAM. BECAUSE WE VOTED THESE #$@&*$#@^ INTO OFFICE. HATE TO SEE THIS HAPPEN. I ENJOYED TRAVELING THE 125 Mi ROUND TRIP. GOING THEIR IAM IN FOR THE SIGNING. DOUBT IT WILL HELP.
#48
My Feedback: (11)
It has nothing to do with any election... it has to do with the fact that the public needs the land to help EVERYONE. Eminent Domain is public policy everywhere. Sorry that Mike is inconvenienced, but we need roads and the land under roads has to come from somewhere. Next time you are stuck in a traffic jamb, it would be good to remember this. He will have to fight for everything he gets and it should be that way. They are paying him with public tax dollars and taxpayers should not get ripped off.
Bottom line... we don't truly "OWN" our property, we own a license to occupy the land until the government says otherwise. Just the way it is everywhere.
It gets murkier when cities use eminent domain to take land and then give it to a developer for a shopping center... still it is for the public good. Have you ever seen a really nice building built around a little house? As public policy, we had to stop these holdouts from wrecking the future of good projects.
Mike... get a lawyer, an appraiser and make the best deal that you can...
Bottom line... we don't truly "OWN" our property, we own a license to occupy the land until the government says otherwise. Just the way it is everywhere.
It gets murkier when cities use eminent domain to take land and then give it to a developer for a shopping center... still it is for the public good. Have you ever seen a really nice building built around a little house? As public policy, we had to stop these holdouts from wrecking the future of good projects.
Mike... get a lawyer, an appraiser and make the best deal that you can...
Last edited by on_your_six; 04-19-2014 at 03:03 AM.
#49
[QUOTE=on_your_six;11786046They are paying him with public tax dollars and taxpayers should not get ripped off.
Bottom line... we don't truly "OWN" our property, we own a license to occupy the land until the government says otherwise. Just the way it is everywhere.
It gets murkier when cities use eminent domain to take land and then give it to a developer for a shopping center... still it is for the public good. Have you ever seen a really nice building built around a little house? As public policy, we had to stop these holdouts from wrecking the future of good projects.
.[/QUOTE]
WOW! At least I now know where YOU are coming from! I believe in the theory that a landowner DOES own the land that he pays taxes on whether he uses it or not. I am rather violent against the "STATE" having any thing to do with my properties. They steal enough in being able to tax it. Well, we can't talk of this stuff here in this forum so I will close with saying that I support Mike and all the others like him that have to surrender to the "STATE!"
Bottom line... we don't truly "OWN" our property, we own a license to occupy the land until the government says otherwise. Just the way it is everywhere.
It gets murkier when cities use eminent domain to take land and then give it to a developer for a shopping center... still it is for the public good. Have you ever seen a really nice building built around a little house? As public policy, we had to stop these holdouts from wrecking the future of good projects.
.[/QUOTE]
WOW! At least I now know where YOU are coming from! I believe in the theory that a landowner DOES own the land that he pays taxes on whether he uses it or not. I am rather violent against the "STATE" having any thing to do with my properties. They steal enough in being able to tax it. Well, we can't talk of this stuff here in this forum so I will close with saying that I support Mike and all the others like him that have to surrender to the "STATE!"
#50
Like many of us here in Texas I have spent many of countless hours stuck in traffic on the piece of crap known as I35E. If I thought the land aquisition was actually going to achieve anything I might be for it.
They have been trying to fix this highway for decades and really haven't done squat with the exception of creating tollways to go around and over I35E.
I predict that this particular portion of I35E will be exactly the same in the year 2100. One thing for sure is I won't still be stuck in traffic on it then. Lol.
They have been trying to fix this highway for decades and really haven't done squat with the exception of creating tollways to go around and over I35E.
I predict that this particular portion of I35E will be exactly the same in the year 2100. One thing for sure is I won't still be stuck in traffic on it then. Lol.