Glenn Heights | Trans-TX Corridor Loop 9 Drives City Property: $108k to $649k

Posted on June 13, 2010 by

27


Flashback: remember the article The Ellis County Press and I did — plus the two YouTube videos on ECP-TV.com — on the piece of vacant, road-less land in Lindell Estates off of Uhl Road that a Realtor submitted a letter to the Ellis Central Appraisal District and requested a sky-rocketed increase in appraised value? Well, my friend Kelly Chance, whose mom owned the vacant, road-less land in Lindell Estates, got her appraised value lowered and the taxes lowered considerably after that article was published (huge front page photo of the property, etc.)


Now comes the really interesting part: then, I wasn’t in on this Loop 9 sinister plot to artifically drive up appraisals in land and properties that will one day be home to traffic, on-and-off ramps, etc. for this Trans-Texas Corridor sister project. (the TTC didn’t die, no matter how many times Gov. Rick Perry’s glossed statements say it did)
I didn’t know at the time of the Kelly Chance/ECP article that these appraisals were going through the roof on speculation that LOOP 9 WOULD ONE DAY WIPE LINDELL ESTATES AND OTHER PROPERTIES OFF THE MAP.

But now I know…how do I know?

Because the city of Glenn Heights, Texas, ladies and gentlemen, has a city hall and other property with a market value of $108,000, according to ECAD.

That same property had $600,000 in improvements for a total appraised value of: $649,000!

Photobucket

So, you tell me, Glenn Heights…who the HELL do you think you are going to fool with this crap?

Loop 9 is coming, and I have purposely been quiet for the past few months on the subject due to some “behind-the-scenes” things I’m working on…this being one of those things.

Glenn Heights recently had a mayoral candidate, Dorothy Loney, mention Loop 9 and taking advantage of that toll road (the language on her posters and campaign literature was very broad) in some way…I don’t blame the city for wanting to take advantage of economic development opportunities, but the artificial inflation of property values in cities and those “in the know” is now very, very evident…Loney got destroyed in the election May 8, by the way, drawing only 61 votes. But, there are still others on the GH City Council who may or may not know about the extent that their city is preparing for Loop 9.

Over in Cedar Hill, we see the same thing with the future mayor, Cory Spillman, who now has property very, very close to where Loop 9 is going to pass through…I’m sure that was a total coincidence to move to South Joe Wilson Road. Yeah, pure coincidence.

Those that are in the know on this toll road are driving up the appraisals on purpose to benefit — and I plan to expose that….starting with today’s Glenn Heights report.