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Showing posts from June, 2018

Stage All Materials in Windcrest?

WEDC Director addressed city council to blast those that dare question the Springbrook Senior Development Project.    (See June 18, 2018 Windcrest City Council meeting video.)  He said a lady had questioned the claim that Springbrook Senior Development Project would net Windcrest $900,000 in sale taxes in construction materials alone.   In a scolding tone, he said the lady does not understand how this works.  He stated, the Contractors and Sub Contractors would be Required to STAGE building materials  in Windcrest, near Home Depot, then the sale would take place in Windcrest and Windcrest gets the sales tax!       What a novel idea.  It begs the question: Why has this not been done before?  Not legal,  could that be why!  The Texas Comptrollers office would probably stop this immediately.    Naturally some materials could be ordered thru Home Depot and sold by Home Depot, that would generate additional sales tax for Windcrest, but as the lady stated, our Home Depot does not carry

Springbrook Senior Living Campus

 The Senior Living Campus Project is on hold due to newly discovered detail.  NEISD is not going to approve a total tax exemption.  NEISD notified the WEDC president shortly before the scheduled meeting to approve the project.   Claim 1:   Project will attract 937 new residents.  Average income $42,000 yr which equals nearly $40 Million dollars.  The resident are elderly and not expected to purchase things outside of Windcrest so that will generate about $4.4 Million in new sales tax.   Fact Check    False :  Ok, new residents bring an average of $42,000/yr.  Assisted living cost are between $2,000 and $4,000 per month.  That along nearly wipes out excess cash for many of these new residents have to spend.   Lets assume they have some excess cash.  Most Senior Living facilities schedule shuttle buses to hospitals and local shopping malls.  Windcrest has neither, so no sales tax dollars for Windcrest.   Fact  Check Partly True. The campus will have independent living Cottages. The

SpringBrook Senior Living Campus- NO TAXES?

 WEDC is proposing Tax Abatement (No Property Taxes) for 15 Years for the SpringBrook Senior Living Campus Investors!!    Do you think Windcrest can afford a $3.3 Million loss in Property Taxes?  Remember, council is floating a Multi Million Dollar Street Repair Bond!    Listen to this video clip from the WEDC Public hearing held on June 4 2018 .  The video indicates a total loss of $3326, yet the email below indicates $3.3 Million loss.  The Devil is in the Detail as they say.   A concerned citizens forwarded this WEDC President's email with additional details of the deal: "Broken down into taxing entities, it is estimated that over 15 years the City of Windcrest’s portion of the abatement will be approximately $3.3   million   ( average per year   over 15 years will be approximately $222 thousand); NEISD's portion will be approximately $14.7 million; other taxing entities will be approximately $8.1 million.   Mr. Hakala has all of the figures broken down into the amou