Houston Sells $2 Million Worth of Streets

Houston: Come for the Mexican food, stay because you can’t afford to leave on their toll roads.

If you’re from Texas, you know that real estate always has been, and always will be, a big market. The first settlers came to Texas in search of land, and that tradition continues today. Well, good news, everyone! The city of Houston has recently sold almost two million dollars’ worth of property. It’s a short commute from the city, as well. In fact, it is the commute!

The Houston Chronicle reports: The city of Houston held a yard sale of sorts last week, dusting off some possessions it doesn’t use anymore and offering them for sale or swap to its neighbors.

In this case, City Council approved selling or swapping almost $2 million worth of city streets and utility easements. That won’t correct the more than $100 million budget deficits city officials project for the next five years, but it’s not peanuts. 

$1.4 million of streets and easements have gone to the Valero oil refinery in Manchester, which plans to add more parking and new buildings to its compound. Over $400,000 of road and sewer easements went to Milby High School, in exchange for 7 ½ acres of land next to Clinton Park.

Like the report mentioned, it doesn’t cover the $100 million deficit the city is facing, but it’s a start. I’m sure they can find some more stuff to sell if they look around. I hear they got a football team that isn’t doing much these days!

http://www.chron.com/news/politics/houston/article/Cash-strapped-city-sells-some-streets-11213664.php?ipid=ntk

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