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Dec 30th, 2023
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 Re: FAIRFIELD, things are about to get interesting
[Re: RPD]
#14829083
09/02/23 10:06 PM
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Joined: May 2003
Posts: 16,881
Chris B
TFF Guru
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TFF Guru
Joined: May 2003
Posts: 16,881 |
I heard if the state gets it for less than todd paid Fairfield is getting a Bucee's.
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Re: FAIRFIELD, things are about to get interesting
[Re: RPD]
#14829216
09/03/23 04:15 AM
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Joined: Aug 2001
Posts: 13,010
Razorback
TFF Guru
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TFF Guru
Joined: Aug 2001
Posts: 13,010 |
What is happening is the inevitable conclusion of this saga. Regardless of who should have bought the property and when they should have bought it, the State of Texas will own and control it in the end. All the "it should have never come to this" stuff is moot, a waste of breath.
TP&WD will end up with the property and Todd will end up with whatever the state has to pay him. There is no other feasible outcome.
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Re: FAIRFIELD, things are about to get interesting
[Re: ssmith]
#14829375
09/03/23 05:00 PM
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Joined: Mar 2006
Posts: 2,811
basscaster46
Extreme Angler
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Extreme Angler
Joined: Mar 2006
Posts: 2,811 |
first off it hasnt been brewing for years the state got to use the park for free for all these years when their free lease ran out it was sold to the highest bidder for a private development property the market price is set if the state wants to make the todd group whole on this deal great but dont really think the state should steal it from them. after all they have all that money they could have bought it with to begin with so less rthan2% of the state population could be happy. I agree Todd shouldn’t lose money but in the end it may come down to he gets what they want to pay. Chance you take going against the state .
I got all day I’m retired
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Re: FAIRFIELD, things are about to get interesting
[Re: RPD]
#14829555
09/04/23 12:07 AM
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Joined: Aug 2006
Posts: 4,215
machinist
TFF Team Angler
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TFF Team Angler
Joined: Aug 2006
Posts: 4,215 |
I thought that the Attorney General was the one that had to do the imminent domain action not TPWD.
I fish on the edge and stay out of the middle
99 BassCat Jag w/225 Merc Optimax
Retired TXU Outage Manager
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Re: FAIRFIELD, things are about to get interesting
[Re: machinist]
#14829586
09/04/23 12:44 AM
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Joined: Jul 2011
Posts: 4,181
David Burton
TFF Team Angler
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TFF Team Angler
Joined: Jul 2011
Posts: 4,181 |
I thought that the Attorney General was the one that had to do the imminent domain action not TPWD. Nope, it is authorized for use by many state entities and poliical sub-divisions. For example, the AG was silent in regardsto ED on properties related to Boi D'Arc and The other lake...
David Burton
2015 Skeeter FX 21 +Ultrex +Helix 12 (x3) +Mega360 +MegaLive
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Re: FAIRFIELD, things are about to get interesting
[Re: Razorback]
#14829655
09/04/23 03:29 AM
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Joined: Dec 2003
Posts: 39,042
Allison1
TFF Guru
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TFF Guru
Joined: Dec 2003
Posts: 39,042 |
What is happening is the inevitable conclusion of this saga. Regardless of who should have bought the property and when they should have bought it, the State of Texas will own and control it in the end. All the "it should have never come to this" stuff is moot, a waste of breath.
TP&WD will end up with the property and Todd will end up with whatever the state has to pay him. There is no other feasible outcome. Since this is a one of a kind situation, nobody should assume to know the outcome. I believe it will hinge on when the land is evaluated. If its anytime after Todd acquired it the value could or should be much higher than he paid, IMO.
I am wrong but you can not prove it, you just believe it enough from the bottom of your heart.....
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Re: FAIRFIELD, things are about to get interesting
[Re: RPD]
#14829846
09/04/23 02:28 PM
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Joined: Aug 2001
Posts: 13,010
Razorback
TFF Guru
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TFF Guru
Joined: Aug 2001
Posts: 13,010 |
Price will have nothing to do with possession. This isn't Bill and Margaret trying to buy a house beyond their means on their combined $80,000 salary. Texas can pay the compensation awarded to Todd regardless of the amount.
I'm not sure why anyone thinks the cost of the property will affect the condemnation and ownership by the state. It won't. Some of us will apparently be fishing the lake again while other guys are still arguing about how much it costs or that the state should have bought it from Vistra.
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Re: FAIRFIELD, things are about to get interesting
[Re: Razorback]
#14829861
09/04/23 02:48 PM
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Joined: Mar 2017
Posts: 1,440
pchapin
Extreme Angler
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Extreme Angler
Joined: Mar 2017
Posts: 1,440 |
Price will have nothing to do with possession. This isn't Bill and Margaret trying to buy a house beyond their means on their combined $80,000 salary. Texas can pay the compensation awarded to Todd regardless of the amount.
I'm not sure why anyone thinks the cost of the property will affect the condemnation and ownership by the state. It won't. Some of us will apparently be fishing the lake again while other guys are still arguing about how much it costs or that the state should have bought it from Vistra. What happens if the value comes back at 300 million and parks and wildlife does not have the money and the legislature refuses to give it to them?
“No reasonable person would conclude that the statements were truly statements of fact”
P01135809
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Re: FAIRFIELD, things are about to get interesting
[Re: RPD]
#14829867
09/04/23 02:58 PM
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Joined: Jan 2013
Posts: 8,258
Scoundrel
TFF Celebrity
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TFF Celebrity
Joined: Jan 2013
Posts: 8,258 |
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Re: FAIRFIELD, things are about to get interesting
[Re: RPD]
#14829880
09/04/23 03:13 PM
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Joined: Aug 2001
Posts: 13,010
Razorback
TFF Guru
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TFF Guru
Joined: Aug 2001
Posts: 13,010 |
What if Napoleon had a squadron of B-52s at the Battle of Waterloo?
Texas is going to take the property. The steps have been followed, and now the state has filed with the court. If some people want to stick with their "it's not going to happen" arguments, that's okay. By all means, hang on to the bitter end and go down with the ship. It's happening. The takeover is in progress right now.
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Re: FAIRFIELD, things are about to get interesting
[Re: pchapin]
#14829882
09/04/23 03:17 PM
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Joined: Dec 2003
Posts: 39,042
Allison1
TFF Guru
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TFF Guru
Joined: Dec 2003
Posts: 39,042 |
Price will have nothing to do with possession. This isn't Bill and Margaret trying to buy a house beyond their means on their combined $80,000 salary. Texas can pay the compensation awarded to Todd regardless of the amount.
I'm not sure why anyone thinks the cost of the property will affect the condemnation and ownership by the state. It won't. Some of us will apparently be fishing the lake again while other guys are still arguing about how much it costs or that the state should have bought it from Vistra. What happens if the value comes back at 300 million and parks and wildlife does not have the money and the legislature refuses to give it to them? Todd will keep it in that scenario. I am waiting to see if our legislature lets them use that money to take the park. When making his request, TPWD said the money was to buy from willing sellers plus TPWD is also pursuing buying other properties with that money. One of them from Vistra.
I am wrong but you can not prove it, you just believe it enough from the bottom of your heart.....
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Re: FAIRFIELD, things are about to get interesting
[Re: Allison1]
#14829961
09/04/23 05:55 PM
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Joined: Oct 2015
Posts: 976
Greg W
Pro Angler
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Pro Angler
Joined: Oct 2015
Posts: 976 |
Price will have nothing to do with possession. This isn't Bill and Margaret trying to buy a house beyond their means on their combined $80,000 salary. Texas can pay the compensation awarded to Todd regardless of the amount.
I'm not sure why anyone thinks the cost of the property will affect the condemnation and ownership by the state. It won't. Some of us will apparently be fishing the lake again while other guys are still arguing about how much it costs or that the state should have bought it from Vistra. What happens if the value comes back at 300 million and parks and wildlife does not have the money and the legislature refuses to give it to them? Todd will keep it in that scenario. I am waiting to see if our legislature lets them use that money to take the park. When making his request, TPWD said the money was to buy from willing sellers plus TPWD is also pursuing buying other properties with that money. One of them from Vistra. No way it comes back 3x what he paid for it in 2 months. I mean let's be real. Todd should have taken the 25M. My guess is he does't get that. The price was set when Todd bought it. Not sure how an appraiser would justify it much different. Appraisers can't just make [censored] up. They go by comps. And the nearest comp is "it just sold for 100M". There's your comp right there. Future value has nothing to do with comps.
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Re: FAIRFIELD, things are about to get interesting
[Re: RPD]
#14829989
09/04/23 07:08 PM
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Joined: Aug 2001
Posts: 13,010
Razorback
TFF Guru
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TFF Guru
Joined: Aug 2001
Posts: 13,010 |
Does anyone actually think TP&WD went as far as to file in court to begin eminent domain proceedings without knowing ahead of time that the money is available, and that the purchase is approved and will be finalized?
They aren't just making it up as they go along.
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Re: FAIRFIELD, things are about to get interesting
[Re: RPD]
#14829999
09/04/23 07:29 PM
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Joined: May 2007
Posts: 42,182
WAWI
TFF Guru
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TFF Guru
Joined: May 2007
Posts: 42,182 |
You may be surprised when rather than approach it from comps of farm land or whatever some of you simple minded folks think, they bring in a list of comps from places like eagles bluff at lake palestine.... gated, golf, in the area..... now what do buildable lots in eagles bluff on the golf course or water go for. Hmmmmmm. There is a reason Todd is marching forward. That math would change the equation dramatically
Last edited by WAWI; 09/04/23 07:30 PM.
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Re: FAIRFIELD, things are about to get interesting
[Re: Razorback]
#14830001
09/04/23 07:30 PM
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Joined: Jan 2013
Posts: 8,258
Scoundrel
TFF Celebrity
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TFF Celebrity
Joined: Jan 2013
Posts: 8,258 |
Does anyone actually think TP&WD went as far as to file in court to begin eminent domain proceedings without knowing ahead of time that the money is available, and that the purchase is approved and will be finalized?
They aren't just making it up as they go along. I sure don’t. Pretty easy to see they are committed to see it through. Doubters should look up the bio of the new Chairman.
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