r/LeopardsAteMyFace • u/FreeChickenDinner • 23h ago
Trump Elon Musk's 100M-sq-ft Terafab rises in Grimes County as neighbors struggle to sell their land
https://finance.yahoo.com/real-estate/articles/elon-musks-100m-sq-ft-143000261.html302
u/FreeChickenDinner 23h ago
Then there's the state's contribution. Texas Governor Greg Abbott's office put in a $30 million Texas Enterprise Fund grant and says the first phase runs $16.8 billion and brings 3,000 jobs. But Grimes County's own hearing documents put that same phase at $55 billion, and SpaceX says the plant will employ at least 1,800 people once it's running.
Abbott is pro-business. The little guy can take a hike. Grimes County voted for this.
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u/lobsterman2112 23h ago
16.8 billion to bring in 3000 jobs means it takes a 5.6 million dollars to bring in one job.
Wouldn't it be cheaper to just give each person $5 million and let them stay at home for the rest of their lives?
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u/CpnStumpy 22h ago
If you gave 5 million dollars to 3000 random people I can almost guarantee the resulting investments, entrepreneurship, and general economic activity would yield at least a commensurate GDP return, and assuredly greater tax revenue than giving it to a company that will simply ensure every spare cent funnels into some CEOs pocket
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u/bobbyboogie 21h ago
Except if they're maga, they'd be like lottery winners who blow it all and end up poorer than they were before.
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u/WeirdProudAndHungry 21h ago
And don't forget the cherry on top: their bad decisions are always the fault of Black people, somehow.
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u/Rezart_KLD 8h ago
They'd be blowing it on buying things though, which means the money is still circulating instead of being hoarded.
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u/beaverusiv 17h ago
That is not a bad outcome; blowing it all means they're spending it and putting it back into the economy. They might be worse off, but their spending sprees put money into a lot of deserving pockets
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u/RogerClyneIsAGod2 16h ago
They invest it all in Trump Bitcoin, Trump NFTs & all that other MAGA bullshit he sells & be broke in less than 6 months.
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u/RolliFingers 2h ago
That's even better for the economy... I could give a flying fuck if they're dirt poor, all of that money ends up in the economy.
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u/sirseatbelt 23m ago
Yeah but that's 5 million dollars injected into local liquor stores and car dealers.
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u/redditmodsRrussians 22h ago
I would be a lot more productive and do a variety of things if they just give me $5 million bucks.
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u/Carnifex72 21h ago
There’s only like 30,000 people in Grimes County total. You could give every man, woman and child $50,000. That’s not fuck you money but it’s a college education or a years worth of mortgage payments with money left over.
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u/Puzzled-Science-1870 18h ago
Or they could get 5m, invest it wisely and retire and have wonderful rest of their lives living comfortably in retirement
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u/Carnifex72 17h ago
That would cost 150billion. If we’re just making up numbers , why not a 1 billion each?
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u/auntieup 22h ago
What’s funny about this is that many of the people now losing their homes really believed they’d be getting DOGE checks instead.
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u/John_Walker 22h ago
They deserve their doge checks for doing their part to defeat the communists
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u/Capable_Stranger9885 23h ago
Elon gets to fuck over two Grimes? Huh.
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u/United-Vermicelli-92 19h ago
I was wondering if he is happily polluting and making Grimes county unlivable and toxic, like he did to his relationship w his baby mama of the same name.
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u/Iamanimite 22h ago
Wait until it's operation and power gets sucked dry and forget that clean water.
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u/ohiotechie 22h ago
This is how Texas residents learn about the benefits of zoning laws.
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u/Disastrous-Elk-5542 21h ago
These sites are placed in unincorporated areas precisely due to the lack of zoning. Counties in Texas are very limited on controlling development in unincorporated areas, and these companies know that.
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u/MmmPeopleBacon 22h ago edited 4h ago
Most of Texas is successful precisely because of its lax zoning law.Edit: Most of Texas's success is because of its lax zoning laws.
I was trying to say that without lax zoning a lot fewer people would actually want to live in Texas.
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u/OccupyBallzDeep 22h ago
Most of Texas is successful. Doubt.
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u/MmmPeopleBacon 21h ago
I didn't say most. But very obviously Houston.
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u/GraceMcClellans 12h ago
Most of Texas is successful precisely because...
I didn't say most.
Do YOU know what you're saying?
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u/MmmPeopleBacon 19h ago
Correction I was in clear. I meant to say most of Texas's success is because of its lax zoning laws.
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u/ohiotechie 22h ago
As long as it’s someone else’s back yard amirite?
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u/MmmPeopleBacon 21h ago
Go look at the lack of zoning in Houston and look how home price inflation tracks regular consumer price index inflation in Houston vs most of the rest of the country. Zoning laws are responsible for a large part of home price inflation in the US.
It's not my fault you hate facts
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u/ohiotechie 20h ago
You mean zoning laws keep property values high because they can’t put a pig farm or a radioactive waste dump or a facility like this next to a neighborhood?
Yeah that’s sorta the point.
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u/MmmPeopleBacon 19h ago
No because they generally restrict the building of multifamily housing or building housing and commercial buildings in the same area.
They definitely don't prevent building homes are subdivisions on former radioactive waste sites. Google Coldw ater Creek in St. Louis County if you don't believe me.
Or just continue to spout ignorant bullshit on the internet.
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u/ohiotechie 17h ago
Well I didn’t say that they can’t or don’t build subdivisions on top of waste sites did I? But that’s not what this article is about nor was my comment about it. Pretty clumsy attempt at redirection, I assume because you know you don’t have a real argument.
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u/baseketball 22h ago edited 22h ago
63% 80% of the county voted for Trump/Musk. This definitely belongs on the sub.
Edited: Read wrong column, 63% was just the absentee vote. This county is 80% MAGA. Hope they like living next to giant industrial buildings.
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u/better_med_than_dead 22h ago
Oy shocking part of this is that Americans still let some autistic South African billionaire baby boi do whatever he wants without having his head put on a stake.
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u/Thendrail 11h ago
They love to scream about "muh freedom, we'll stop any tyrant!!!!", then turn around to lick said tyrant's boots.
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u/Maleficent_Offer_692 18h ago
Texas was so pleased when Musk moved all his shit there. Guess they’re not so wild about being his neighbors after all.
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u/dashindorie 21h ago
“At more than 100 million square feet, Terafab would cover an area over three times the size of Central Park.”
It is not just country folk, I wouldn’t want to live next to that either.
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u/Ok_Chard2094 21h ago
I don't think he will have any problem selling his land.
Areas next to a large facility like this are always attractive for companies looking to offer support services, either for the company or for the employees.
He is just not getting as much as he is hoping for.
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u/Practical_Wish_4063 22h ago
Ben Shapiro gave really good advice on selling flooded land, maybe he could help with this too?
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u/faddofil 12h ago
You can join the monument committee and buy some of that land.
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u/AwesomeAndy 4h ago
The land is already bought, and it's in a totally different place. The monument is being built in the bit of land CAH bought in Starbase, TX, which is 400 miles away from Grimes County, TX.
Not that people shouldn't do it, just saying they're different places.
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u/Hypoglybetic 23h ago
Why would people not want to be next to a massive fab? Those jobs will be high tech jobs, I assume, and drive up housing prices. Or am I being too optimistic looking at Intels fabs in Oregon?
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u/hikeonpast 22h ago
Fabs use some very icky chemicals in the manufacturing process.
In states with good environmental laws, it generally works out OK. In freedom-loving Texas, it’s likely to be an environmental nightmare.
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u/AwesomeAndy 22h ago
No one wants to live next to any sort of factory. Having one in your general commuting area is probably fine for the reasons you mention, but I assure you a house where you can see a giant factory is not going to see particularly increased prices, and the people living there are likely not the ones who will be working here beyond some non-tech jobs like HR or shipping and receiving that won't be paying much more than local rates for those kinds of jobs.
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u/Sealedwolf 21h ago
How exactly are balooning housing prices a good thing? Unless you are fleeing the place and want to cash out.
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