Dallas Firm Invests In Downtown FW

While one company from big D asks for our tax dollars before completing their project, another firm from the right-hand side of the metroplex is willing to invest its own money downtown. The Dallas Business Journal is reporting that Behringer Harvard has purchased Firestone Upper West Side near downtown. According to The Journal, the complex is 97% occupied. Since tenants come and go, a landlord considers an occupancy rate that high as being pretty much full.

So why is the city council even considering more tax breaks for developers to invest downtown? The Journal quotes Behringer Harvard CEO as saying how attractive the downtown market is. Is he the only one who thinks so? No. Financially sound projects don't need tax money to make it. Using tax payers money to subsidize private enterprises is just plain stupid. One look at the Railhead Market or The Mercado should tell the city council that.