|
Houston Housing Market
Differs from Nation's
This is the conclusion of
the Federal Reserve Bank--Houston Branch in a recent report on the
Houston economy. The report notes the "significant headwind" that
the ongoing housing downturn has provided the U.S. economy but
highlights that Houston's story is quite different primarily because
land use is not as restricted in Houston as it is in higher costs
regions. In other words, the laws of supply and demand work and
work well in Houston.
Read this
article at this link. (PDF)
Debating Land Use in Houston: Two
Different Approaches
Should land use in Houston
be more restrictive than it currently is? Two perspectives on this
and related issues will be discussed at a special meeting on February
26th sponsored by Houstonians for Responsible Growth, Blueprint Houston
and the Gulf Coast Institute.
On one side: David
Crossley, Executive Director of the Gulf Coast Institute and Arthur
Nelson, Professor of Planning and Urban Affairs at Virginia Tech
University
On the other side: former Mayor Bob Lanier and public policy expert
Wendell Cox of Demographia.
FEBRUARY 26, 2008 at the George R. Brown Convention Center
5:30-7:00 p.m.
Admission is free
Registration begins at 5:00pm
Please go to
www.houstongrowth.org/rsvp
to RSVP and reserve your tickets.
Parking available in Convention Center/ Hotel garage on Polk/Avenida
de Las Americas.
For Harris County Bonds & Constitutional
Amendment 12
The West Houston Association has endorsed
the 2007 Harris County Bond Propositions 1 through 6 that will be
presented to voters of Harris County on November 6, 2007. We urge
members of the Association to become familiar with and support the
propositions because of their crucial importance to the future of county.
Members are encouraged to communicate their support of the proposals to
their employees.
The Association is supporting these
propositions as a means of expanding and improving critical
infrastructure not only in Greater West Houston but throughout the
county. These proposals will improve the quality of life for all
Harris County citizens.
|
Proposition 1 |
Road & Bridge |
$1310 million (21.5%) |
|
Proposition 2 |
Parks |
95 million (10.8%) |
|
Proposition 3 |
Adult Detention/Processing Center |
195 million (22.2%) |
|
Proposition 4 |
Forensic Crime Center |
80 million (9%) |
|
Proposition 5 |
Family Law Center |
70 million (7.9%) |
|
Proposition 6 |
Port of Houston |
250 million (28.4%) |
|
Total |
|
$880 million |
As further demonstration of support,
the West Houston Association has financially supported the formal
campaign for bond approval, Citizens for a Secure and Better Harris
County.
For Constitutional
Amendment Proposition 12--Highway Bonds
The West Houston Association has endorsed
Texas Constitutional Amendment Proposition 12 which authorizes the
issuance of up to $5 billion in Texas state general obligation bonds for
highways in Texas. We urge members of the Association to
familiarize themselves with this important statewide matter and express
their support for the proposition. A vote on this measure is on
the statewide ballot November 6.
This proposition will allow the next
session of the State Legislature to authorize bonds for highway
improvements in the state. Although the state highway program is
mostly funded by dedicated tax revenue, the traditional sources which
the Legislature has chosen not to increase, have not kept up with the
growing demands of the system. The bonds proposed will be repaid
from general revenue on which a constitutionally imposed limit of 5% of
uncommitted revenue. The current state debt is below 2%.

WEst houston plan 2050 Symposium on the future of greater west houston
presentations available
Presentations
by Symposium speakers are available at
www.WestHouston.org. Click on the link to the Symposium at our
home page. A DVD is of the
Symposium is also available. Order form
here.
aSSOCIATION BOARD WELCOMES NEW MEMBERS
FOR 2007
Wilbur Smith Associates | Moody National Bank |
Simon Property Group | Brown and Caldwell
McDade, Smith, Gould, Johnston, Mason +
Company | HEB Grocery Company
Legislature Wins Some, Loses Some on Toll Roads
List of Potential TxDOT/Harris
County Projects included in
Plan
Map of
Projects included in Plan
The 80th State Legislature passed
Senate Bill 792 (Copy of
Fiscal Note to 792) dealing in part with the construction of toll roads
around the state. While the target of 792 seemed to be comprehensive
development agreements (CDAs) between TxDOT and private sector entities,
some potential Harris County Toll Roads got caught in the crossfire.
In this legislation several Harris County
roadways were exempted or grandfathered from the provisions in 792 that
placed a two-year moratorium on toll road projects around the state:
-
extension into downtown of Hardy Toll Road,
HUS 290 corridor toll lanes,
-
SH 288, Fairmont Parkway,
-
South Post Oak Extension;
-
Westpark Toll Road extension to FM 1623,
-
Fort Bend Parkway SH 6 to the Brazos River,
and
-
Beltway 8 East
The state moratorium is lifted on September
1, 2009.
The hottest projects in Harris County were
grandfathered, with the exemption of the hottest of all, the Grand
Parkway.
In a deal only some of our elected
officials in Austin could conjure up, the Grand Parkway could sit in
limbo, or in a "market valuation" study phase for up to four years.
During this period the study and agreement on "terms and conditions" by
TxDOT, Local County and the MPO (the Transportation Policy Council) is
required. The MPO is involved in this process until August 31, 2009.
TxDOT and the Local County have another 2 years to reach agreement on
terms and conditions.
A copy of SB 792 is
available at this link.
An Earlier
Story on The TxDOT-Harris County Toll Deal
Gary Trietsch briefed the West Houston
Association Board of Directors March 27th on the newly developed agreement
between the Texas Department of Transportation and Harris County which may
likely lead to the development of $21 billion in new tolled and non-tolled
roadways in the Houston region.
Gary Trietsch announced details of the
agreement between TxDOT and Harris County for $21 billion in toll and
non-tolled roadway projects to be implemented over the next 20 to 30
years, mentioning that Transportation Commissioner Ned Holmes would like
to have the projects done in ten years.
This agreement is a new approach for TxDOT
and is not duplicated anywhere else in the state according to Gary
Trietsch. It precludes TxDOT from contracting with a private sector
firm through a CDA and preempts the creation of a so called regional
mobility authority. In essence, local control is retained.
He said the agreement, which will require
further review, was preliminarily agreed upon by local and state authorities
and should be finalized within one year. It calls upon TxDOT to undertake
all planning and environmental work and for Harris County Toll Authority to
handle all right-of-way, construction, operations and maintenance.
Legislation to facilitate this agreement will
be considered in this session of the Texas Legislature.
Many of the projects are located outside of
Harris County and other local government partners such as Fort Bend and
Montgomery County will be brought into the agreement now or as the projects
come on line.
The estimated total cost of the 56 projects
covered by this agreement is $21 billion. Toll revenue projects will
account for $14.6 billion and non-toll revenue projects will account for
$6.4 billion. The revenue potential for all of the projects is unknown at
this time. Essentially, the latter number reflects the payment or
concession to TxDOT which, in turn, will be used within the region on the
non-tolled projects listed in the agreement. This amount will be paid out
over time as the non-tolled projects are planned and constructed and will
not be an upfront payment.
All funding for these projects is over and
above current and future TxDOT funding for projects in the Houston
District. Harris County Toll Authority is said to have an approximate $700
million per year funding capability. The agreement will enable Harris
County to undertake the projects directly through the Toll Authority or in
partnership with other local governments or the private sector.
Several projects in West Houston included in
the agreement are: the Grand Parkway; US 290 and Hempstead Toll Road; the
extension of the managed use lanes on I-10 from SH 6 west to Sealy.
WHA Encourages Local Government
Intervention in to Houston SIP Lawsuit in the 5th Circuit
Read Issue &
Background Paper at this Link
NEW Harris County and
Fort Bend County Commissioners Courts have voted to authorize
intervention in the suit to halt Houston's SIP.
The West Houston Association is joining with other organizations in the
greater Houston area to request that local governments consider filing
a motion to intervene in a very important lawsuit recently filed in the
Federal Court of Appeals for the Fifth Circuit . The lawsuit seeks to
overturn the U.S. Environmental Protection Agency’s approval of the Houston
area’s current federal 1-hour ozone air quality state implementation plan.
If the suit is successful, all federal funding for road, highway and mass
transportation projects may be suspended or diverted to other regions of
Texas until such time as a replacement plan is approved by EPA. A steady
stream of federal funding is critically important to local efforts to
address acute mobility problems. If the flow of federal funds is cut off or
disrupted, the citizens of Harris County will suffer costly and needless
delays in our area’s roadway and transit capacity projects, in addition to
having to deal with other unnecessary restrictions to their mobility.
The lawsuit was filed by an environmental organization against EPA, and no
local governmental entity is a party. If no local governmental entity
intervenes, the residents of this region would potentially be faced with
dictates from a settlement agreement between a federal government agency and
a single environmental organization without any local or state government
involved in the process.
If a government decides to file a motion to intervene, it would be best to
do so prior to January 6 (within 60 days of the date on which the lawsuit
was filed). If the intervention is granted, entities will likely be invited to
participate in mediation talks that are expected on the matter.
This is not, in our view, a matter of clean air versus pollution. The West
Houston Association and its members support clean air and responsible
environmental policies. We believe we can achieve both growth and reduced
emissions. In fact, data indicate that the Houston area is reducing ozone
forming emissions from motor vehicles and will continue to rapidly reduce
emissions from motor vehicles as newer vehicles work into the system.
West Houston Association
Participates in Opportunity Houston
The Executive Committee of the West
Houston Association has pledged $5,000 to the region's economic development
and marketing program, Opportunity Houston.
The Association will become a strategic partner in promoting the Greater
Houston region. This project of the Greater Houston Partnership is a
10 year, $40 million campaign to help create 600,000 jobs; promote capital
investment of $60 billion; and increase foreign trade to $225 billion.
WHA Endorses November 7 City of Houston
Bond and Proposition Election
The West Houston Association Executive
Committee has endorsed the City of Houston November 7th $625 million bond
election and Propositions G and H. Members of the Association are
urged to carefully review the proposed measures and express their support
in this critical election.
The bond election, the first since 2001,
will not require a tax increase and will finance capital improvements
through 2013. If approved by voters, the bonds will be used in the
following areas:
| Street, Bridges & Storm
Drainage |
$320 million |
| Public Safety (Police &
Fire) |
$135 million |
| Parks |
$55 million |
| General Permanent
Improvements |
$60 million |
| Library |
$37 million |
| Housing |
$18 million |
Proposition G provides that "enterprise fund expenditures"
or City expenditures supported directly by user fees such as the airport
fund will have no preset revenue limitations resulting from the passage of
the cap on expenditures. We feel expenditures supported by user fees
result from the direct use of a particular City activity. These
revenues reflect demand
for that service or system and allow for capital and operation investments
to expand the systems and improve efficiency. Fees levied upon that use is the fairest
form of public funding--only those that use the service pay for it. It
is inconsistent to place arbitrary limitations on expenditures designed to
support that demand. Visit
http://www.voteforpropg.com/facts for additional information on this
proposition
Proposition H allows for the expenditure
of up to $90 million above the revenue cap for public safety matters such a
police and fire protection.
The Association is directly supporting
Citizens to Keep Houston Strong, a group supporting passage of the
propositions.
West Houston Association
Participates in Opportunity Houston
The Executive Committee of the West
Houston Association has pledged $5,000 to the region's economic development
and marketing program, Opportunity Houston.
The Association will become a strategic partner in promoting the Greater
Houston region. This project of the Greater Houston Partnership is a
10 year, $40 million campaign to help create 600,000 jobs; promote capital
investment of $60 billion; and increase foreign trade to $225 billion.
|