Typically, a master planned community (mpc). . .
. . . . is on a large plot of land where a developer offers an array of amenities, including golf courses, restaurants, shops, miles of hiking trails, parks, community events, and more; just about everything you need within a community. The Forestbrook Estates – a City of Paris local partner – claims to be a MPC.
Whether or not it is, as claimed, a mpc, the smell of the selling sizzle covers up the fact that local taxpayers, who have paid the bills for years, are now on the hook for an estimated $20 million to cover the developer’s cost.
Why?
There’s no guarantee it will pay . . . .
. . . and $20 million is over one-third of the current city budget. IF its such a good deal, why do the developers need the Paris taxpayers to guarantee them a profit?
The major draw of a master planned community is that you can walk from your home to the gym, shoot a round of golf, grab a drink at the clubhouse, play at the park, take your kids to school, all available for residents and are kept up-to-date by funds collected by a homeowners association (HOA).
IF there’s no HOA, will taxpayers – who seems to be stuck paying for everything else – be stuck with maintaining the streets, hauling off trash, repairing water and sewer leaks, and other such day-by-day expenses? And surprising us all by getting rid of litter?
The reported first phase of the nearly 200-acres of the Forestbrook development will consist of 87 of the 471 residential lots. This doesn’t seem to leave much room for playgrounds, schools, gyms, golf, clubhouses, parks, and all the promised related retail and commercial development; plus, the rights-of-way for utilities and streets, drainage, etc.
The Paris Texas Chamber doesn’t know if a HOA is in the plans, nor do we have the least idea about what the proposed development will actually offer or who are the developers. We do know, however, that the endeavor itself is not as important as the centuries-old concept for selling democratic socialism – a private-public partnership, which is an insult to to the American Idea of self-responsibility and the need for accountability of one’s personal actions.
Private-public partnerships are not how you limit government.
IF the City of Paris cannot or will not guarantee every citizens’ debt, why is it guaranteeing the debt of a selected few based on Happy Talk promises and the only collateral being the taxpayer’s guarantee?
Where does the city, and government in general, get the right to pick and choose economic winners?
Its so much the key question that we don’t even understand those individuals who believe that robbing Pete to pay Paul is a good idea – unless they’re Paul.
Do banks even make development loans anymore? If not, why not? IF they can’t make community development loans, why are they needed? (Community development is economic development, and consumer loans only get people deeper into personal debt.) So, what purpose do banks now fill – other than paying a little bit of interest on CDs in order to loan the money at a higher interest rate to some government-guaranteed “too big to fail” Big Business?
Isn’t government basically guaranteeing the success of banks?
Why are taxpayers forced to guarantee some developer’s debt?
Forced compliance is destroying the 13th Amendment of the Constitution . . . .
. . . . and the bad decisions keep coming: As the Paris Chamber warned years ago, thanks to idiots in the Texas legislature, anything can now be economic development.
The City of Paris has extended its partnership with Palma Holdings, LLC; subsidizing “a residential 5 in 5 Housing Infill Development program” that the city calls economic development. Basically, its low-income single-family instant-slum housing offered at an estimated $200,000 sales price. Five or more have been built with no reported sales, but ten more were recently approved for construction.
Unfortunately, a $200,000 home is not affordable for most low-income families, but as taxpayer subsidized Section 8 housing, it can become a long-time profit center for a private developer.
It all makes some wonder about sanity.


