Not an economic whiz, but, what does a 10 fold return over a century add up to? Sounds like we would do better in a CD.
Our city is acting like the rest of the government, running up the public credit card, just trying to make the minimum payments.
I suggest the city & county ask to purchase all the land 200 yards deep on both sides of the Airline extension at $1,000/acre that could be sold off (through bids) in the future to pay for the roads, sidewalks & other infrastructure required for the UHV expansion. Since Mr. Buehler donated the land out of the kindness of his heart and has no interest in future windfall profits from the inevitable demand for residential & retail development close to a university, I'm sure he'd be honored to cut a deal.
Whether the money is spent now, or later, Whether the University moves out by the airport or not,
Will someone please explain why the existing Hwy 59 North aka the Houston Highway is not sufficient to accommodate the traffic to and from the 'expanded' University?
I have yet to see any explanation, let alone a reasonable one as to why Airline needs to be expanded. The current University is NEAR Airline, but not ON Airline.
Until someone offers up some kind of at least half-way explanation, I am going to stick with my original thought--someone has a friend who wants to sell some land at top dollar, and can't find anyone but the City willing to pay the preferred asking price.