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Is Austin, Texas emulating San Diego?

Similarities arise from Manchester's new hotel

One wing of Papa Doug Manchester's hotel empire, Manchester Financial Group LLC, is building a 1035-room, $350 million hotel in Austin, Texas According to the publication AustinTowers, Doug Manchester, Papa Doug's son, is championing "a major push" to develop the Austin Convention Center to compete with centers of cities such as San Diego. Sound familiar?

Then there is another thing that smacks of San Diego. According to the Declaration of Covenants, Conditions, and Restrictions of June 25, 2012, Manchester was seeking CBD-CURE (Central Business District-Central Urban Redevelopment District) zoning from the City of Austin. Says the document: "Prior to the issuance of a Certificate of Occupancy for the first structure on the Property, a contribution of Seven Hundred Fifty Thousand and No/100 dollars ($750,000) shall be made by Manchester to either: 1. The Waller Creek Conservancy; 2. The Austin Parks Foundation; or 3. another non-profit entity or organization with a similar mission. This contribution shall be used for park improvements in the general area of the Property." This sounds faintly familiar, too.

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One wing of Papa Doug Manchester's hotel empire, Manchester Financial Group LLC, is building a 1035-room, $350 million hotel in Austin, Texas According to the publication AustinTowers, Doug Manchester, Papa Doug's son, is championing "a major push" to develop the Austin Convention Center to compete with centers of cities such as San Diego. Sound familiar?

Then there is another thing that smacks of San Diego. According to the Declaration of Covenants, Conditions, and Restrictions of June 25, 2012, Manchester was seeking CBD-CURE (Central Business District-Central Urban Redevelopment District) zoning from the City of Austin. Says the document: "Prior to the issuance of a Certificate of Occupancy for the first structure on the Property, a contribution of Seven Hundred Fifty Thousand and No/100 dollars ($750,000) shall be made by Manchester to either: 1. The Waller Creek Conservancy; 2. The Austin Parks Foundation; or 3. another non-profit entity or organization with a similar mission. This contribution shall be used for park improvements in the general area of the Property." This sounds faintly familiar, too.

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Comments
8

Nice--he is competing against himself. Oh, and does the $750k check get delivered to the office of the mayor of Austin?

June 30, 2013

aardvark: It appears -- but this is not really clear -- that the money went directly to the charitable organization. If the money went by circuitous route through the mayor's office, this is not included in the document. Best, Don Bauder

July 1, 2013

"Papa" Doug can bite me.

June 30, 2013

chendri887: You will have to give him the invitation directly. I can't pass it on. Best, Don Bauder

July 1, 2013

It appears that with CBD-CURE zoning Papa Doug can sell green cards to the Chinese investors for $1 million per card instead of $500k. If this is true, he made the $750,000 back on the first two green cards. This transaction is no different than Sunroad paying $100,000 for a city easement that may be designed to allow it to cram more apartments on the lot. The easement may have added $1 million or more to the value of Sunroad's lot. Sunroad paid a pittance. U-T San Diego has no standing to attack Filner on this issue when its owner is involved in similar transactions.

June 30, 2013

Burwell: I am not aware that the CBD-CURE zoning had anything to do with Papa Doug's participation in the EB-5 financing. (See "Senate immigration bill strengthens green card financing" in a post below. Manchester uses this technique to attract Chinese capital.) However, I am not questioning you on that. Manchester's Chinese hotel financing has been touted by Texas groups. I am also not aware that investors plunk down $1 million, not $500,000 to get a green card facilitating Manchester's hotel financing. Again, I don't question you on that. I do agree that Sunroad got a helluva deal paying only $100,000. Best, Don Bauder

July 1, 2013

So now we know what Pope Doug's real agenda is, selling out San Diego because we refuse to accept his tyranny, while creating an empire in Texas where tyrants thrive.

July 1, 2013

Anon92107: I always thought Papa Doug would fit well into the Texas milieu. Best, Don Bauder

July 1, 2013

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