This comment was removed by the site staff for violation of the usage agreement.
The story you linked is from November. This was recent and they had a graphic of where the building was going to be placed on the existing campus. President Castille was interviewed.
I know I didn't dream this.
Glad you asked. We've reported several times on UHV's plans for a new academic building in the past couple of years. Here is one of the recent mentions of that building:http://www.victoriaadvocate.com/news/...We do have a story planned for Wednesday on how this building fits into UHV's newly updated master plan.
I don't believe UHV will be asking for a bond.
Almost two weeks ago, UHV announced plans for new construction on the campus. Did I miss the story in the Advocate, or was it not covered?
In this fiscal climate, most other colleges or universities are building to take advantage of lower costs of construction as firms will bid low to get work. That said, this region is booming and costs are not low.
I might also add, I recently read an article that states that colleges and universities are footing construction bills through donations and money they have in the bank not by raising taxes.
Or students are paying the bill as they are at UH for improved athletic facilities, which the students there approved paying for.
Sounds like we need to vote out these folks that supposedly represent us on the VC Board because they certainly don't represent my income or views.
From the article..."But as more industry moves in the area like Caterpillar Inc., more employees and new entities share in the tax burden. And tax abatements end after 10 years. We think abatements are necessary to remind industry considering a move to Victoria that it is available, and that the city welcomes the business".
Is there such a thing as an abatement for taxpayers? You know the little people that will only see $29.60 added to their annual taxes. Well $29.60 here, $38.22 there, and $14.00 over here add up and continue to add up to more than just $29.60. Is there some way to stop all the people trying to help me?
As for Caterpillar... Is a $9.75/hour job considered substantial earnings in this day and age?
I cannot wait to see what happens after 10 years and tax abatements supposedly "end".
This editorial and all of the other news stories on this issue conveniently, or maybe skillfully, avoid the one word that sums up what is going on and what is being asked of the people of the county. This failure to call ‘a spade a spade’ by the editorial board and all the people quoted, in all of the stories that are written, can only be labeled as spin. The one word that best describes this issue but is never mentioned is very simply … DEBT. It is not Victoria College going into debt … it is you, the taxpayer of Victoria County going into debt. General obligation bonds mean that you, the taxpayers, are obligated to pay them off.
The 2006 general obligation bond issue (another name would be loan) for $15.5 million put YOU into debt for that amount. With 14 more years still to pay on that ‘loan’, the leaders of Victoria College and the Advocate want YOU to take out an additional loan for $22 million. Just like a good used car salesman will quote your payment as “only, so much a month”, the Advocate quotes that your payment will be “only so much a year” for a $100,000 house, but they don’t mention that you will be paying that for 20 years to come.
Victoria College just announced that they purchased a 7200 sq. ft. warehouse for $200,000. This building was appraised by CAD for $162,860. VC states that they plan to spend another $100,000 on renovations to make this building suitable for their purposes. They pay a 22% premium for a building they have to spend 50% more to use. Is this good use of your money? The Editorial Board calls this being “consistently conservative” and “good fiscal management”. I have a different opinion. Still in limbo is the issue of the Welder Center. This is a building that has admittedly lost money for years. What will it add to the expense of Victoria College or rather the taxpayers of the county, if VC takes it over? We will see how the ‘spin’ comes out on this issue.
The taxpayers of the county have been paying for 6 years on the last $15.5 million Victoria College debt. They have another 14 years to pay. Now Victoria College and the Advocate want the people of the county to go into debt an additional $22 million. The people of Victoria County are not immune to the problems that are evident in the rest of the country. Forget all of the spin and just ask yourself if this sounds like a good thing to do. Would you, or do you, pile debt on top of debt with your own finances? No matter how the Advocate makes it sound, Victoria College is not going to pay off these debts, you are. Probably needless to say, but this is one voter that will be against this bond issue.