My City Needs Money - Can You Bail Us Out?
Mayor Gears' message to Mr. Obama
The areas he wants to develop is in Las Colinas. In the 1980s, Irving developed this area at great cost and let IBM and ZEROX setup office complexes for free. After a time, these corporations were to begin paying taxes. When that time came, they moved to another city for another free lunch. After that, there was quite a flight from the area as other corporations fled.
Since then, the empty buildings have mostly been filled and apartments have gone up, and are filled with residents.
From a Peak Oil perspective, this is a bit sad as I've watched farm and ranch land get gobbled up by concrete over the decades. In ten years, we'll be wanting to get some of that back. At least that large pond (Lake Caroline), can be pumped for irrigation.