There very well may be a great need for a multi purpose project in Midland for which this speculative project may be able to fulfill; and earlier for the record, I made a bitter sweet comment offering good luck wishes to Midland.
....the Midland Project may have some hurdles although it does appear that the hurdles can be overcome....Severely bitter sweet but for sure, the bar has and is being raised by places even like Midland.
An extended period of high oil prices coupled with new technology increasing the viability of nearly all old wells in the Permian as well as making new wells profitable...which is drawing billions in new infrastructure investments and all that goes along with it. Lowest unemployment rate and highest population growth rate in the country. Housing shortages, hotel room shortages, and Class A office space shortages on a fairly large scale.
Aside from Midland having perhaps the greatest need for such a speculative multi purpose project of any sizeable city in Texas, Dallas chances are at least equal or better that a speculative project will be doable as are the chances of Midland. Time is the perspective. http://www.bizjourna...n.html?page=all
FYI, here is a list of the largest cities in Texas, estimated 2011 population and growth rate; including Midland: http://en.wikipedia....s_by_population
And while I think post #97 is an interesting post, it is an editorial without much of an offering of facts to support standing. The bottom line for me has always been this nagging question: Why Fort Worth seems to lack the large speculative projects that we see happening in the region? A bad economy and or speculative projects are not profitable have both been cited; yet both reasons have been addressed by me with factual data and reports that call these remarks into question.
Psychologically, I get it that people are apt to confuse their personal economy with that of a regional or national economy; but no individual or household is a multi-trillion dollar economy as is our American Economy which is capable of driving the global economy. The fear of the U.S. becoming Cyprus or Greece is irrational; the U.S. economy is just so much more diverse and gigantically dense and pivotal; and if it were to come about, then what would it matter for the world would be doomed anyway. The American economy is an economy of risk and speculation which has proven that it can withstand anything even when it does go terribly wrong as it just did; the U.S. economy picked itself up again as it always has ready to usher in the next market surge; and btw which signs indicate lately to be already underway. Watching Texas leading the next building boom while at the same time watching the self serving "leadership" of Fort Worth being super cautious is a fact that cause me chagrin, notwithstanding the remaking of the city's core.