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Urban Start-up Agglomeration and Venture Capital Investment (view source)
Revision as of 13:43, 18 September 2019
, 13:43, 18 September 2019→TIF Analysis
And Houston in 2017, using layer=20 (as no chosen exists and 20 has max nohull at 7), it seems that there is little overlap between hulls and TIRZ but considerable overlap between Rice's "Innovation Corridor". The Sears Building, at (29.7255505,-95.3887225) [https://www.google.com/maps/place/Sears/@29.7255505,-95.3887225,14.79z/data=!4m8!1m2!2m1!1ssears+building+near+Houston,+TX!3m4!1s0x0:0xedfec0ea6b614672!8m2!3d29.7342719!4d-95.3822708] and Houston Exponential's building at (29.7521572,-95.3778919) [https://www.google.com/maps/place/Houston+Exponential/@29.7521572,-95.3778919,17z/data=!4m12!1m6!3m5!1s0x8640bf41ab209b51:0x4b09faaacfaffa81!2sHouston+Exponential!8m2!3d29.7521572!4d-95.3757032!3m4!1s0x8640bf41ab209b51:0x4b09faaacfaffa81!8m2!3d29.7521572!4d-95.3757032] are both in the Midtown TIF, albeit at opposite ends! There are other TIFs impacted by Rice's proposal too. The East Downtown, Market Square, Montrose, and at least three others all intersect the "planned" innovation corridor.
Note that The Sears Building Area wasn't in the Midtown TIF when they did the last bond issue in 2015 (see map on A-1 [https://midtownhouston.com/wp-content/uploads/2015/04/Midtown-Redevelopment-Authority-TX-Tax-Increment-Contract-Rev-Ref-Bonds....pdf]). They raised $13.5m in 2015 to pay off existing debt, and then raised $39.31m in 2017 [https://midtownhouston.com/wp-content/uploads/2017/04/Midtown-Redevelopment-Authority-TX-Tax-Increment-Contract-Rev-Ref-Bonds-Srs-2017-OS.pdf] to conduct the Plan, pay off debt, etc. The area was in the map in the 2017 issue. The area around the Sears building "contains virtually no taxable property and therefore will produce no significant Captured Appraised Value".
==Other==
