The Latest in Flood Control

A drive-in.  On a river full of feces.

So far the Trinity River Vision flood control pork project has produced a wakeboard park (which flooded), Rockin' on the River (where you float in said feces filled river), a risk free taxpayer funded restaurant in the flood path of said river (built specifically for celebrity chef Tim Love), and a newly created LLC named after said project, purchased the Fort Worth Cats bankrupt baseball team, and now a drive-in theater in Fort Worth.

What does any of that have to do with flood control??    

An article in the Fort Worth Star-Telegram actually makes some interesting points.  Not necessarily about the billion dollar, completely taxpayer funded, without a vote, earmarked, eminent domain, nepotism-laden, "flood control" project known as the Trinity River Vision, but interesting, just the same. 

The Tarrant Regional Water District next week will consider entering into a lease with Dallas-based Coyote Theaters for a drive-in theater on vacant land near LaGrave Field.

The drive-in would be there for about 10 years, potentially drawing 300,000 patrons a year to Trinity Uptown. It would also net the water district about $1.7 million in rent, according to information filed with the district.

The drive-in would be called Coyote Theater in Trinity Uptown and would be on part of the 34 acres that the water district bought in 2010 from LaGrave Field owner Carl Bell. The site is near North Calhoun and Northeast Fifth streets, north of downtown Fort Worth.

J.D. Granger, Trinity River development director for the water district, could not be reached for comment Friday. The district is scheduled to consider the proposal Tuesday.

Not much is known about Coyote Theaters, but the Fort Worth site will apparently be its first location. The company does not have a listed phone number.

Coyote Theaters filed incorporation papers with the Texas secretary of state's office Aug. 2 and lists its management as Todd Minnis, Brady Wood, Scott Wilson and Glenn Solomon.

3 LLC's and a Partridge in a Pear Tree

Earlier this year, the Fort Worth Weekly had an article on the dealings of the Haltom City Economic Development Corporation and the LLC it created.  It was smartly titled, A High Priced Can of Worms. 

Today, on Reuters.com there is another telling article about an LLC, this one a Chesapeake affair.  
Seems when the folks in Michigan wanted to collect their signing bonuses they were promised, they couldn't find out WHO to collect from.  WHY?

In fact, the company issuing the rejections wasn't much of a business at all. It was a shell company - a paper-only firm with no real operations - called Northern Michigan Exploration LLC.
Northern has voided hundreds of land deals, and was indeed a facade - a shell company created so that one of America's largest energy companies could conceal its role in the leasing spree, a Reuters investigation has found. Oklahoma-based Chesapeake Energy Corp. (CHK.N), the nation's second-largest gas driller, was behind the entire operation.

Chesapeake had created one shell company that set up another, Northern Michigan Exploration.

So, WHO will step up to the plate and protect the taxpayers from the newly formed Trinity Vision Partners LLC that just purchased the Fort Worth Cats?  Wouldn't you love to know WHO all is involved in that shell game?

Ask.

WHO's involved?

WHO bought the Fort Worth Cats?

WHO do you think?

Trinity Vision Partners Llc.  

WHO are THEY??

Read the article in the Fort Worth Star-Telegram. And check out what the Dallas Observer had to say.  Yeah, Dallas is watching too.

We 'll hold off on saying, we told you so.

Owner Carl Bell has agreed to sell the baseball team to a group led by John Bryant and Byron Pierce, co-founders of United League Baseball. 

The Cats will be the fifth independent team owned by Bryant and Pierce.  Former Texas Rangers President Mike Stone is also part of the ownership group, Trinity Vision Partners Llc., and will be the team's chairman.

Financial terms were not disclosed, although Bell said he did not profit from the sale. The costs of independent teams vary depending on financial conditions, attendance and other factors.LaGrave Reconstruction Co., which Bell runs, still owns LaGrave Field and the surrounding 131/2 acres.

Bell felt that the proper business decision was to split the two entities. Most professional teams are tenants of the stadiums they play in, and the Cats have a 20-year lease at LaGrave.

Observer:

That said, "I really don't care who our landlord is," Stone says. "We have a 20-year lease. We bought the Cats, the property, the right to do business as the Cats, and that's what crucial to us." When it comes to the land, he explains, "It's a complicated process, a complicated transaction. The Tarrant Regional Water District is involved. Carl is involved. Amegy Bank is involved. We're involved. The bottom line is we end up owning the Cats and the right to play ball as the Cats."

Owner rl Bell has agreed to sell the baseball team to a group led by John Bryant and Byron Pierce, co-founders of United League Baseball. The Cats will be the fifth independent team owned by Bryant and Pierce.Former Texas Rangers President Mike Stone is also part of the ownership group, Trinity Vision Partners Llc., and will be the team's chairman.Financial terms were not disclosed, although Bell said he did not profit from the sale. The costs of independent teams vary depending on financial conditions, attendance and other factors.LaGrave Reconstruction Co., which Bell runs, still owns LaGrave Field and the surrounding 131/2 acres.Bell felt that the proper business decision was to split the two entities. Most professional teams are tenants of the stadiums they play in, and the Cats have a 20-year lease at LaGrave.

Read more here: http://www.star-telegram.com/2011/12/21/3611839/fort-worth-cats-sold-will-play.html#storylink=omni_popular#storylink=cpy