Flash forward to water and energy bills skyrocketing and while angry residents come to grips with it, the folks behind this deal lying on a tropical beach lighting cigars with $100 bills.
birdman said:
Just to make some diehards mad and throw another wrench in there...
What happens to Bitcoin mining facilities when Bitcoin drops to zero? Or the value gets cut in half?
nthomas99 said:
So to summarize...
The city bought the land speculatively with money taken from us (ultimately with the threat of force). Since the jobs and sales price are peanuts in the context of population and annual budget, the main selling point is increasing taxes and income for their local utility monopoly so they have more money to do what they want on a whim (because we all know our taxes will never go down). Oh, and high risk of water and electricity availability and pricing going up for the rest of us.
All done within the context of forcibly manipulating the development of nearby Midtown and then walking away from seeing the vision they cast come to fruition. And numerous council meetings and neighborhood residents speaking to them, all the while they knew this was coming.
And now they're all mad one of their own broke rank and bothered to let us know about their pending after midnight vote. Right.
Hornbeck said:birdman said:
Just to make some diehards mad and throw another wrench in there...
What happens to Bitcoin mining facilities when Bitcoin drops to zero? Or the value gets cut in half?
Or quantum computers make these facilities obsolete?
The mining company goes bankrupt, and we are on the hook for all those utility improvements.
Diddler_44 said:
Mr. Yancy, what did you shoot?
maroon barchetta said:Bob Yancy said:Diddler_44 said:
There are 50 of them in this thread that you haven't addressed. Pick one.
The irony is so thick I could cut it with a knife. Inside city hall there are many upset I broke the news at all. And to you I'm not being forthcoming enough. I'm not going to scour this thread. If you have a question I'll try to answer it.
Have a blessed Sunday.
Respectfully
Yancy '95
Of course they are upset. Sharing info gives the serfs time to respond.
Captn_Ag05 said:
I have major concerns that city staff recommends approving this contract without a single town hall or public hearing on the issue. This has the potential for significant quality of life issues for everyone in the city.
The same staff that recommend a significantly inferior project for the Northgate lot, from a developer with an advisor who was previously a city employee, over a superior project which was not only going to be comprehensive of multiple lots in the area but from Oldham Goodwin, where the money would stay local. Huge blunder.
The decision making there has been lacking, to say the least.
VAXMaster said:woodiewood1 said:
If it's such a great deal and profitable to build a data center, why can Prioity Power purchase the property directly from the owner and build the data center? Why does the city have to be the middleman and also the entity holding another huge vacant building if the tenant closes shop after a year or two?
Obviously, PP wants to transfer the risk from themselves to the city AND to the citizens of the city,
The city should totally stay out of the way of private enterprise's decisions to operate inside the city,
Sounds to me there is an effort for the city to assist the landowner who is setting on and paying property taxes on non-income producing property,
The city currently owns the land and PP wants to buy it from them for $30M. The vote on Thursday is for the city to decide whether to take their offer.
Hornbeck said:birdman said:
Just to make some diehards mad and throw another wrench in there...
What happens to Bitcoin mining facilities when Bitcoin drops to zero? Or the value gets cut in half?
Or quantum computers make these facilities obsolete?
The mining company goes bankrupt, and we are on the hook for all those utility improvements.
befitter said:
This is a HORRIBLE location for such a thing. What is the city thinking even considering this? I don't even live over there but no doubt property values are going to TANK and quality of life will tank as well. There are better locations away from the middle of this community. Ridiculous.
bushytailed said:
Not sure if it has been posted already, but this petition against the facility is circulating.
https://www.change.org/p/stop-college-station-land-sale-for-crypto-mine?recruiter=1361600206&recruited_by_id=4a613c30-cdf6-11ef-9800-e38e09fd0205&utm_source=share_petition&utm_campaign=psf_combo_share_initial&utm_term=psf&utm_medium=copylink&utm_content=cl_sharecopy_490760295_en-US%3A4
ElephantRider said:
Fighting this one isn't NIMBYism like the people who fought the east loop, this is going to affect anyone getting utilities from CSU, and will probably affect BTU electric customers as well