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National home builder Lennar seeks incentives to build 1,200 homes on San Antonio s Southwest Side
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Lennar Corp. wants to build a subdivision west of Interstate Highway 35 and Fischer Road.City of San AntonioShow MoreShow Less
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Lennar Corp. wants to build a subdivision at 9400 Somerset Road and across Interstate Highway 35.City of San AntonioShow MoreShow Less
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A national home builder wants to fill 250 vacant acres on the Southwest Side with more than 1,200 single-family homes many of which are projected to be priced at less than $265,000 and is seeking city incentives to do it.
Lennar Corp. is eyeing two projects in the area with a combined pricetag of more than $170 million.
Officials pose questions to Majestic Realty ahead of TIRZ vote
March 14, 2021
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Majestic Realty approached the Webb County Commissioners Court on Monday in the company’s pursuit of a public-private partnership with both the city and the county.
Their proposal is to create a tax increment reinvestment zone, or TIRZ, for Port Grande, a future master-planned 2,000-acre logistics park of warehouses and offices near mile marker 13 on I-35. This development, according to Majestic Realty, would create 9,000 jobs and bring in $41 million in revenue for the city and $27 million for the county over the 30-year term of the agreement.
The proposed TIRZ would set aside 55% of the developer’s new property taxes to the city and county until 2051. These funds would instead be reinvested into the infrastructure and public improvements needed in the development process, such as public roads, utility lines and street lighting. After the agreement ends, both the city and coun
out at the court by real. in strikes as a rough future. it s what these folk are actually hired to do and reminds me a little of the mcconnell option, although granted that may heb get us over the hump but a great way to keep your fingerprints off something if want to. this completely takes the government s ability to implement countercyclical economic policy. so the economic hits a recession, we re obviously still struggle wig the last one, automatic stabilizers kick in pshgs help for medical coverage. food and nutrition for family. that stuff would absolutely not be allowed under a balanced budget amendment, because revenues are sage. you mentioned, the stable irzs that help the economy get back on track. yeah. that seems like a huge problem. the other thing is does, makes it very attractive to spend
budget amendment, because revenues are sage. you mentioned, the stable irzs that help the economy get back on track. yeah. that seems like a huge problem. the other thing is does, makes it very attractive to spend through the tax code. it wouldn t be part of your spending cap. you get a tax break. the end result of the that, we end up way mattively more loophole filled tax code which everybody believe wes have too much of now and certain more in the future. absolutely. the white house released one of these statement of the administration policies on this, s.a.p.s. dry documents. they say for various policy reasons we don t like this. the white house called this an empty political statement and said the bill sets a false and unacceptable choice between the federal government defaulting on its obligations now or passing an amendment that will likely leave the nation unable to meet its core commitments in years to come. sharp. the only thing to like it s