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Movie Theaters in Texas

November 30, 2012 // Posted in Friends, Future, Internet, Living, Money, Movies, People, Shopping, Thoughts, Travel (Tags: , , , , , , , , , , ) |  Comments Off on Movie Theaters in Texas

Years ago I worked with a real estate broker who had a contract with a large national chain of movie theaters. She would always be flying all over the damned country to scout new locations for the ever growing theater chain. The last trip that she took while I was at the company was to the Rio Grande Valley. So this gave me an opportunity to learn a little about the most southern cities in Texas, but just enough to be dangerous.

The area just north of the border with Mexico known as the Rio Grande Valley includes the cities of Edinburg, McAllen, Weslaco and Harlingen. If you include the cities just south of the border in Mexico, this area has a substantial population of over 2 million people. Harlingen is the easternmost city of the four, at the intersection of Highway 77 and Highway 83. This appears to be the retail hub of the valley, with retail sales per capita above $8,000. This is a very healthy number and made the area very attractive to the movie theater executives.

There is so much shit going on when real estate is involved, that so many people don’t even realize is going on, that It can and does, take years and years of research and meetings before any shovel (or other heavy duty equipment) hits the ground to start the actual building on the site. I learned so much at that job. If the market hadn’t taken such a fucking dive back in the fucked up year or 2007 I just might have continued on with that type of career path, with that particular company or gone out on my own by now.. Guess we will never know.

 

Economic Situation Is Totally Fucked Up

November 16, 2012 // Posted in Future, Living, Money, People, Shopping, Travel (Tags: , , , , , , ) |  Comments Off on Economic Situation Is Totally Fucked Up

Today we toured a manufacturing plant that had been shut down by their home office and put up for sale. The building is fucking huge and was used to mill cotton. Since the southern states produce an incredible amount of cotton, it made sense years ago to locate the mills close to where the raw materials were produced. However, the rising cost of American labor is the reason the company shut down this plant.

One of the big distractions for a new buyer interested in this former cotton mill property is that all the mill equipment was left sitting on the production floor. This shit is massive and had to be incredibly expensive to put into place. It is large, heavy and complicated to configure and maintain. Supposedly there is not much of a market for used equipment like this. It find it strange that the company found it cheaper and easier to buy brand fucking new equipment for the new plant facility they built in Mexico than to break down and move this shit to the new plant. It was easier to just walk away from the existing crap and leave it here for the new owner to deal with disposing of it. Once again, this is an example of how the world’s economic situation is totally fucked up.