The Chronicle continues to defy reality

astrodome%20112107.jpgAs noted in this earlier post on the improbable Astrodome hotel redevelopment project (previous posts here), the Chronicle continues to beat the drum in support of the deal without any meaningful financial or economic analysis. The intro to the editorial reveals the depth of the Chron editorial board’s analysis — “The public favors preserving the world’s first indoor stadium; all parties should cooperate to do that.”
Here are just a few of the questions that the Chronicle editorial board should be asking:

If the Astrodome were not in Reliant Park, would anyone in their right mind even be thinking of investing over a half billion dollars to build a 1,300 room resort hotel in the middle of Reliant Park?
If the answer to the prior question is “no,” then why should anyone in their right mind even be thinking of investing over a half billion dollars to build a 1,300 room resort hotel in the middle of Reliant Park simply because the decrepit hulk of the Dome is there?
In one of the tightest credit and equity markets in years, and with many economic forecasters predicting a U.S. recession over the next 12-18 months, who realistically is going to fund the half billion dollars that the promoters claim is necessary to convert the Dome into a resort hotel?
If the promoters have not been able to put together a viable plan for redevelopment of the Dome in over three years of trying, then why are we still talking about this?

The red-light camera scam

Red_Light_Camera.jpgAnne Linehan over at blogHouston.net has been doing a good job of following the City of Houston’s red-light camera scam on its citizens. As Anne’s post notes, it’s not at all clear that the red light cameras are reducing accidents or that they are even generating enough revenue to justify the cost of the program.
Although red-light cameras sound peachy in theory, my sense is that they are quite likely to cause more accidents, not fewer. As drivers become aware of the cameras, more rear-end collisions will likely result as drivers slam on their brakes at the first sight of yellow to avoid the risk of being photographed running a red-light. The red-light cameras should have been carefully evaluated first and then installed only after it was established that they truly increase safety. That they were installed without such an evaluation reveals that the cameras are nothing more than another local government money grab. And not even a particularly effective one at that.

Lubbock is just a tough place, period

lubbock%20map.gifAs this earlier post notes, Lubbock — the home of the Texas Tech Red Raiders — is a tough place to play for visiting college football teams.
But the video below shows that Lubbock is also a tough place for at least a couple of the hundreds of excited Tech fans who rushed the field after Tech’s Saturday night victory over fourth-ranked Oklahoma.
What on earth are these police officers thinking?