Category Archives: business news

business news

Looking for votes? Well … yeah!

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A brief lesson in political context seems to be in order, as I must respond to a statement from a frequent critic of this blog.

I wrote something the other day calling attention to Kamala Harris’s support of an idea first pitched by Donald Trump: to end the rule requiring taxes on income received from tips for service workers.

My critic just couldn’t leave the issue well enough alone. He couldn’t just endorse Harris’s support of an idea first promoted by her presidential campaign opponent and then move on to the next point of contention.

No … instead he said something about how Democrats blasted Trump for the idea, saying he was just angling for votes.

In an election year? A candidate is looking for ways to win favor with voters? Who knew?

Here is the lesson. Listen up. In an election cycle, every single proposal offered by candidates is done with one primary goal in mind: to win votes! It makes no difference which politician does it, or which party to which he or she belongs. They all do it and they all have the same motive in mind.

I just want to make clear that we should understand the context at play here. Kamala Harris and Donald Trump are of like minds on the principle of banning taxes for tips. They both want voters to believe them over the other person.

As for my critic. Pipe down, dude!

business news, local news

When to demolish?

I keep waiting, and waiting …. and waiting for the bulldozers to show up on a site I’ve been commenting on for some time.

It’s the apartment complex that someone started to build only to leave it undone more than a year ago. Since then, it has gone to serious seed, as in it’s getting unfit to finish.

It’s the one next to Wal-Mart on U.S. Highway 380 here in little ol’ Princeton, Texas. The developer and the general contractor parted company more than a year ago. The reasons for the snit aren’t known. The city seems to have decided the site isn’t up to code. It will issue the order to take it down in due course.

I might be sounding a bit repetitive with this post, but I want to make another point that I deem necessary to be made.

The city should never have to be put in a position such as the one that Princeton finds itself. City Hall is going to turn into the bad guy the moment it orders the bulldozers fired up. What appears to have happened is that the terms of the deal that brought this massive luxury apartment complex into being was not nailed down sufficiently to prevent the kind of kerfuffle that severed ties between the contactor and developer.

I cannot speak with direct knowledge of what should have been done, but I do know that Princeton, Texas, is now looking foolish — and unnecessarily so — because a partially built residential complex likely is doomed for destruction.

This is strange in the extreme.

business news, local news

Action — finally! — on business park

Well, you can just ruffle my hair and call me Frankie, for I have stumbled onto a project that has been a long time in the making.

I ran an errand this evening in Princeton, Texas, where I have lived for the past five years. My route took me south on Beauchamp Boulevard toward County Road 400. That’s when I saw a sign with the name of a general contractor just a few yards from a marker identifying the future site of Bois d’ Arc Professional Park.

What did I do? I took a picture of the sign and called the number of the contractor.  Then, expecting the call to go to voice mail, someone answered. It was Max Allen, the general contractor.

Allen then proceeded to tell me he is going to build a pre-school on the site. He said he expects to break ground “in about 60 days.” He said his work only entails the school but said there “might be other projects coming up as well.” I won’t take that last statement to the bank. Still, I am heartened to see some evidence of movement on a significant parcel of land that has just been growing weeds since I moved into the area all those years ago.

I have heard Mayor Brianna Chacon lament at least once that the professional park has remained empty. I will point out, though, that a new storage unit has gone up just south of professional park boundary. Chacon also has talked openly about the possibility of declaring a moratorium on single-family and apartment construction to enable the city to shore up its infrastructure.

With all that hanging over the city, I am tickled to reveal the apparent start of an important new commercial project on property that has been begging for it

business news, local news

Let’s get busy, Mr. Manager

You may count me as a Princeton resident and taxpayer who has a growing fear of the future of what at the moment looks like a construction monstrosity.

They’re seeking to build a “luxury apartment” complex on the south side of US 380, just east of Walmart. Work stopped abruptly on the project in May 2023. The developer said he would hammer out a new deal with a contractor in 30 days.

Well, the 30-day window slammed shut. Still no contractor. Work is still waiting to resume … one year later!

Here’s a thought to toss at Princeton’s new city manager, Mike Mashburn. The city council recently gave Mashburn a five-figure increase in his base salary and extended his contract. This was done before Mashburn actually did anything in his new job!

My thought is that the city’s chief administrator has it within his power to summon the developer and any potential general contractors to his shiny new City Hall office. He should then order all the principals to work out an agreement that enables work to resume post haste.

I am not a construction expert, but I do know that time is not on the side of the contractors or the developer. The longer the complex is exposed to our fickle weather, the more damage is done to the exposed interior portions of the 360-unit complex.

Mashburn clearly has some skin in this game, as he now runs a municipal government with a direct stake in the success of this project.

I can guarantee that no one wants to be scarred by a project that falls victim to disputes of the type that has stalled work on this massive new project, which at the moment looks like nothing more than a massive eyesore.

business news, economic news, local news

A boondoggle in the making?

My chronic nosiness sometimes gets the better of me, particularly when I see large public projects seemingly abandoned.

I am referring in this instance to what I have been calling a “boondoggle in the making” around the corner and down the street from my Princeton, Texas, home.

I reached out to someone in authority at City Hall the other day to ask about the status of the “apartment monstrosity” under construction on the south side of US 380 just east of Walmart. The answer I got? “It’s being handled by ‘legal.'”

Hmm. OK. I asked a follow-up question: Does that mean the project is stalled? No answer has been forthcoming.

Now, I spent more than 36 years as a reporter and editor for two reputable newspapers in Texas and one in Oregon. My job was to sniff out problems when I suspected they were occurring. My gut — in addition to my trick knee — are telling me the city has a problem on its hands.

Princeton City Council approved a massive construction project to build a massive complex of “luxury apartments” on US 380. Site preparation was completed and several structures emerged right away. Work crews installed dry wall on several of the structures.

Then, about a year ago, work stopped at the site. A dispute between the developer and the general contractor led to some sort of work stoppage. The then-city manager told me at the time that they were working it out and that work would resume shortly.

Well, “shortly” never arrived, or so I understand. I haven’t seen any sign of human life on the construction site in weeks. The gates are closed and padlocked. The weather has at times been cold and damp, perhaps damaging the unprotected structures.

I am believing in my bones that the city has a problem in the form of an unfinished apartment complex that is looking more each day like a gigantic eyesore.

Cryptic answers about “legal” counsel answering questions gives me reason — I believe — to be deeply concerned about the future of this blight on our rapidly growing community.

business news, local news

Traffic woes to mount

The more I think about the decision to bring a huge new shopping complex to Princeton, Texas, the more I also have to think about one of the consequences of that massive new business endeavor.

Traffic, man!

When I travel through this part of Collin County, I hear a bit of chatter about how Princeton is becoming a city motorists should seek to avoid. Why? Because the traffic along US 380 becomes impossible … and impassable!

Just yesterday, in fact, I was coming home from an outing in Tarrant County. I drove across Fort Worth, along the Sam Rayburn Tollway and then high-tailed it to US 75 northbound. I made the exit onto US 380 in McKinney and started to head east toward the house.

Then I stopped. And waited. And waited some more for the traffic to move. It did. It took a while!

The Princeton City Council has approved a 91-acre parcel to be developed into a major shopping complex on the north side of 380. I favor the decision. I want the business to come to the city I call home. I also wonder about the wisdom of the council’s decision. Why is that? Well, I covered a Farmersville City Council meeting a couple of years ago and watched that council reject an apartment complex because — here it comes — of the traffic problems it would create.

Princeton’s council seemingly doesn’t have such concern, as it approved a mammoth apartment complex a few hundred yards east of where the shopping complex is planned. Work on that project still appears to be far from finished, but when it’s done, it also will spill hundreds of vehicles onto the highway every day.

Maybe I should look at this issue more strategically. Texas transportation planners are hoping to build a freeway bypass around Princeton …. eventually! It is designed to relieve traffic congestion on 380. Last I heard, though, the state is a long way from turning over any dirt on that project.

That work likely will outlive this old geezer’s time on Earth.

Don’t misunderstand me, as I am not going to reverse myself and oppose the business complex. I am a pro-biz guy and the revenue the shopping complex will generate will be very good for this city.

We’d all better prepared ourselves, though, for some major teeth-gnashing as we seek to get home in time for dinner.

business news, local news

Princeton’s evolution continues

My wife and I moved into a city that appeared to be a place without definition, without an identity.

Princeton, Texas, though, was — and is — a city in transition. It is transitioning from a tiny burg that straddles a major U.S. highway into something that is, well, considerably more significant.

The city council’s decision this past week to rezone a 91-acre parcel on the north side of that highway, U.S. 380, to make room for a major shopping complex signals how the city has decided to identify itself.

As a new resident, having lived here for five years, I welcome the change. It provides us with a variety of choices to spend disposable income and to boost the revenue stream for a city that is growing — rapidly, I must say — into municipal adulthood.

The retail complex will comprise 36 outlets. Some of ’em are huge, man. About the only thing missing that would satisfy my taste is a movie theater; but perhaps that also will be on the way … maybe even soon!

I have mentioned already that I do have a concern about the traffic that is bound to be affected dramatically along the aforementioned highway. It’s already become a proverbial “parking lot” during rush-hour in the morning and late evening; westbound traffic comes to a halt in the morning, while eastbound traffic does the same thing in in the evening.

The state wants to divert much of that traffic to bypass lanes that would skirt around the highway. Princeton is one of many communities facing the same traffic woes along 380.

I am going to welcome the new business that is headed our way. It helps turn Princeton into something much more than a community full of new houses with occupants who at this moment have to go somewhere else to invigorate other cities’ economy.

I certainly am hoping Princeton can join the municipal “big leagues” in pretty short order.

business news, national news, political news

These guys were ‘really rich’

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Quiz time: Did you ever hear Mitt Romney, or Nelson Rockefeller, JFK, RFK or Teddy Kennedy proclaim to adoring crowds that they were “really rich”? 

Time’s up. I didn’t think so.

But yet … this year’s presumptive Republican presidential nominee has made such a proclamation. Many times, in fact, since he became a politician in the summer of 2015.

Well, it turns out he might not be quite as “really rich” as he bragged. It is being reported widely that the guy who also proclaimed himself to be “really smart” and would hire “the best people” to work for him cannot raise the $400-plus million bond he is ordered to pay in the defamation case brought by E. Jeanne Carroll, whom a jury has ruled was raped by the former Idiot in Chief.

I am reluctant to say “I told you so,” but I have maintained all along that anyone who claims out loud to be as rich and smart as the former POTUS more than likely is neither.

New York Attorney General Leticia James now faces the prospect of seizing the ex-POTUS’s assets to make him pay for what he owes the court. Wouldn’t that be, um, rich beyond belief.

Mitt Romney said out loud what many of us knew already prior to the 2016 election. He called the so-called “really rich” guy a “phony” and a “fraud.”

Am I stunned at what might happen soon? Yes! Am I surprised? Not one little bit!

business news, economic news, national news, political news

Loathe the man and his standing

My noggin cannot comprehend a lot of things in life, so to be clear I want to stipulate that at times I am not the sharpest knife in the drawer.

Among the more incomprehensible elements of life that puzzles me is the standing that the 45th POTUS continues to have among Americans who think he deserves another term in the White House.

I won’t regurgitate the many negative comments I have made about him since the moment he and his wife rode down the NYC office tower escalator in June 2015 as he announced his first run for the presidency.

I’ll make one exception, though. I want to remind every reader of this blog of this fact, which is beyond dispute: This bozo spent his entire adult professional life — every … waking … minute of it — with one goal in mind: self-enrichment and self-aggrandizement. He did not devote a single moment of his miserable life to public service.

Yet he stood there and proclaimed himself to be the champion of the “little guy,” the individual he personally loathed as a “loser” and a chump. He called himself a populist, even though he likely doesn’t know the definition of the type of pol he proclaimed himself to be.

His goal in life was to make lots of money for himself. It has been revealed now in court proceedings brought against him that he is as Mitt Romney described him: a “phony and a fraud.”

Anyone human being who feels the need to declare out loud the he is “really rich” and “really smart” never achieves such wealth, nor is he smart enough to know that undeniable fact.

Yet here this guy stands. He was impeached twice by the U.S. House. He has been indicted four times by federal and state grand juries on 91 criminal counts. He vows to be “your retribution” if he’s elected later this year.

And they still believe in this guy?

God help us if this all comes to pass.

business news, crime news, national news, political news

He still can become POTUS?

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The numbskull who wants to become the next president of the United States has been determined unfit to run a business in New York.

A judge has fined him $355 million because he defrauded investors over his supposed vast wealth. This is on top of the $88 million he’s been ordered to pay a journalist for (a) raping her and (b) defaming her character.

And yet … the U.S. Constitution apparently continues to clear the way for this idiot to campaign for the Republican Party presidential nomination and then — if nominated — run for the U.S. presidency.

What in the world is wrong with this picture?