How Investors See Richardson

In case you missed the news, Pillar Commercial bought Nortel's former campus in Richardson for $43.1 million. The property includes a 16-story office tower and a 3-story research and laboratory building with a total of 800,000 square feet. In other words, as our Vice President might say, it's a big, f*@#ing deal.

D Magazine's Real Points blog posted an article by the president of Pillar Commercial, Manny Ybarra, explaining his company's motivation for investing in Richardson. The whole article is worth a read.

After the jump, a choice paragraph ... and then a stop for barbecue.

Non-Profits No More

The IRS published the names of thousands of organizations throughout the US who have had their nonprofit tax exemption automatically revoked. There were 21,000 groups on the list from Texas alone. Most groups are defunct, but even active groups can make the list by failing to file an annual return for three consecutive years. The list of groups from Richardson ought to raise a few eyebrows, as I recognized some groups that are still active.

After the jump, the list of revoked groups from Richardson.

Sherrill Park Golf Courses Earn Honors

"A Jewish Grandmother loses her grandson at the beach when a tidal wave sweeps him away. The grandmother kneels in the sand and prays for the return of her grandson. Just as she finishes her prayer, a huge wave crashes back on the beach, returning the young boy to his grandmother's side. The grandmother is overcome with joy and gratitude. She begins to cry and hug her grandson, then looks up to the sky and yells, 'He had a hat!' "

What does this have to do with Sherrill Park, you ask? Bear with me. I'll get us back on the fairway and down to the green. After the jump.

HEAT DEFEAT MAVS

Sure it's disappointing to see the Dallas Mavericks lose to the Miami Heat in the NBA Finals. But, deep down, in your heart of hearts, you always knew it was going to end this way. Admit it. Here's what I tweeted a month ago, after the Mavs won the first two games in their series with the L.A. Lakers:

• 2011 05 06 - Congrats to the Mavs and all, but it's hard to get excited knowing, even if they beat the Lakers, there's still the Heat in the Finals.
• 2011 05 06 - By the way, I mentioned the Heat, not the Grizzlies or Thunder because, let's face it, those are made up team names, right?

Face it. We all knew the Miami Heat was going to win the championship this year as far back as last summer, when LeBron James and Chris Bosh joined Dwyane Wade in Miami to form the most-favored lineup since, when, Murderers' Row of the 1920s New York Yankees? Now that the inevitable has happened, and the team favored to win it all actually has won it all, it's good to recall the advice of the most gifted sportswriter of the 1920s, Damon Runyan:

"The race is not always to the swift, nor the battle to the strong, but that's the way to bet."

Congratulations to the Miami Heat for winning the 2011 NBA championship.

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Postgame update: Oops. I should have held up the presses until the series was over. Oh well, I'm not the first to prematurely declare a winner. My bad. ;-)

Early Summer in the Steger Garden (2011)

From Flowers

More photos after the jump.

What Odds Would You Give on a Dirk Free Throw?

FrontBurner's Tim Rogers made a bet during Thursday's Mavs/Heat NBA Finals game. He won, but got to wondering if he had made a smart bet.

"I need help from someone who has a bigger math brain than I do. Last night, as Dirk was taking some free throws, I made a bet that he wouldn’t miss two in a row, and I gave 1,000-to-1 odds. I won a dollar. But was that a smart bet?"

After the jump, the answer.

Chasing Ambulance Stories

On Tuesday, the City of Richardson issued this press release:

Richardson Among Several Texas Cities Settling Dispute Concerning Medicare/Medicaid

(Richardson, TX) -- The City of Richardson is one of many Texas cities that contracted with Southwest General Services of Dallas, L.L.C. (SGS) to perform all aspects of ambulance billing services. SGS was selected based on its substantial experience and expertise in Medicare and Medicaid billing and compliance with state and federal laws, and those representations and obligations were included in Richardson's contract for services.

In 2006, SGS failed to incorporate changes in its billing methodology to comply with new federal rules regarding the standards for ambulance transport charges for Medicare and Medicaid reimbursement. The failure to change the billing method resulted in Medicare and Medicaid being over charged for some services. Billing for all other ambulance transports was not affected.

The City has reached a settlement agreement in the amount of $160,979.56 with the U.S. Attorney's Office to release the City from any claims arising from the failure of SGS to properly bill for services. Although Richardson disputes responsibility for any penalties, a settlement of the matter will avoid further defense expenses and exposure to higher damages and penalties.

The City has also put SGS and the contractor's insurance company on notice that the City's rights under contract indemnify the City from all claims arising out of SGS's performance of the contract and from any violation by SGS of federal, state, and local laws, ordinances, regulations and policies. The City also put SGS on notice that it will seek full restitution of damages that have come as a result of improper billing practices.

After the jump, interpreting the doctor's handwriting.

No Backsliding on Transparency

In the 2009-2011 City Council term, Richardson took some significant steps towards improved transparency -- televising council meetings, posting checkbook register online, passing a code of ethics.

After the jump, how's that holding up?

Redistricting Musical Chairs

Every ten years, the whole country plays a game of musical chairs called redistricting. Congressmen, state senators and representatives, county commissioners, even city council members have to play the game. Depending on where the new lines are drawn, your future as an elected official could be enhanced or jeopardized.

State Representatives Angie Chen Button and Stefani Carter, State Senator John Carona, and Congressman Pete Sessions all look like they'll be able to hold their seats as long as they want because their redistricting is in friendly hands. Ambition might lead Carter to give up her seat sometime in the future when opportunity presents itself. Chen Button is more likely to stay put. Carona was once rumored to be interested in running for Dallas Mayor, but that obviously didn't happen. Sessions looks comfortable in Congress and has no other prospects on the horizon (with the possible exception of Vegas casino greeter, but that's down the road a bit).

There does appear to be one musical chair newly available, which caused one Dallas County Commissioner Tuesday to flip out. After the jump, how the game is played in the Dallas County Commissioners Court.

Chicago Expects to Feel Like Baton Rouge

A funny thing happened on the way to a world changed by global warming. While the environmentalists who seek to reduce greenhouse gas emissions are just as convinced as ever about the seriousness of the problem, and the climate deniers are just as determined as ever to stop them, there's a third group that is quietly at work, mostly out of the spotlight, trying to adapt to the reality of climate change.

"Cities adapt or they go away. Climate change is happening in both real and dramatic ways, but also in slow, pervasive ways. We can handle it, but we do need to acknowledge it. We are on a 50-year cycle, but we need to get going."
-- Aaron N. Durnbaugh, deputy commissioner of Chicago's Department of Environment

That's from an article in The New York Times describing Chicago's attitude towards the need to adapt.

After the jump, what adaptation looks like.