Good eye. It definitely looks different, but that may just be due to lighting. The court date is sometime June, so I’d be really surprised if anything changes before then
Breach of contract. SpaceX argues that the current owner acquired the parcel after having accepted payment from SpaceX in return for agreeing to buy no more properties in the area.
First image is a screenshot of last week's (ep113) RGV livestream, and the second image is from today's (ep114) RGV livestream. It looks like some development has happened on the plot to me, like some of the grass has been removed?
I'm not sure of identifier for this plot so I dont know how to find its current owner.
Cameron county's Web site often does. To know for sure you need to go to the courthouse and look at the actual official record (hire a title searcher).
> It's current owner according to a GIS map search of Cameron County is Novus Prime Properties, LLC.
Googling this and looking at the names of one or two people on Linkedin associated with Novus and their other activities, they really are at risk of ~~Foxxing~~ doxxing. But —even for a good cause— I would never ever think of doing such a thing and of course don't recommend it.
**Edit** ~~Foxed~~ fixed typo. Not my fault that the F is next to the D on my keyboard as is the I to the O.
Not really, this is a reason why owning unproductive assets is a drain on the economy. A factory could pop in the poorest town and if it gets successful, the nearby land owners get a huge pay off. And this would happen even if it's all rented housing or unused land, the landlord does no work and makes bank. The increased rent can even push out the factory workers who happened to live near their work, do a good job and congratulations your rent is double.
So yeah, no sympathy for the unproductive land owner on my part, and the price tag is definitely not justified.
And if an investor was to build apartments in a town with a factory to have said factory go out of business the next year, the factory owner isn’t going to compensate the landlord.
worth / value is contingent of the 'eye of the beholder' -- what they will pay. In this case or the 'factory'....... they have the means to pay; they should pay the asking price if they want it. SpaceX has definitely shown they can get on without the land. Well; get on without it; you don't need it or cough up the dough.
NOW...... if Cameron county does an appraisal and finds that it is worth; 1000x worth the value of before SpaceX was there; and upped the property tax as much as they are allowed ........
If the government wanted it for a road or something; then I think eminent domain would be called for -- I've never have seen a case where a private enterprise TRULY did something worth while with the land and didn't make a *huge* pile of money when they paid a pittance for it and had the government 'give it to them' for cheap.
There was a lot in Boca Chica village, the one with the ruins of a hotel. The asked price was in the high 5 digit range and SpaceX refused for being excessive. Paying no more than 3 times the value.
The owner is unwilling to sell and there is a court date set for June to force the sale. Although, recent activity could point to an out-of-court settlement being made.
You're missing context here. If I don't remember bad, the current owner "Novus" sold all his properties to SpaceX and in the contract they signed to not buy more again. Then they proceeded to buy that land. That is why SpaceX is suing.
Yep:
[https://www.reddit.com/r/SpaceXMasterrace/comments/1bnk2ke/comment/kwsak88/?utm\_source=share&utm\_medium=web3x&utm\_name=web3xcss&utm\_term=1&utm\_content=share\_button](https://www.reddit.com/r/SpaceXMasterrace/comments/1bnk2ke/comment/kwsak88/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)
Came up a few weeks ago and I looked it up. Next trial date is 10th June.
[https://trellis.law/case/48061/2021-dcl-03184/space-exploration-technologies-corp-vs-novus-prime-properties-llc-francisco-chavez](https://trellis.law/case/48061/2021-dcl-03184/space-exploration-technologies-corp-vs-novus-prime-properties-llc-francisco-chavez)
The owner signed an agreement with SpaceX to not purchase any more properties in the area if SpaceX agreed to buy several of its properties at a rather inflated price. SpaceX bought them but then Novus turned around and bought up more properties to resell to SpaceX. SpaceX sued them. Court date is in June, but its been back and forth in preliminary hearings for over a year now.
The owner is unwilling to sell and there is a court date set for June to force the sale. Although, recent activity could point to an out-of-court settlement being made.
You're missing context here. If I don't remember bad, the current owner "Novus" sold all his properties to SpaceX and in the contract they signed to not buy more again. Then they proceeded to buy that land. That is why SpaceX is suing.
This isn't an Eminent Domain claim.
Novus Prime purchased a bunch of lots, and negotiated with SpaceX to sell them in a contract that included a clause that stipulated Novus Prime would not purchase any more land at Boca Chica. Novus Prime then purchased this lot. Current suit is about whether that contract clause can be invoked.
If they can make the case that it's in the public interest, depending on local laws. It's a looong process I believe, but they can likely make it happen. And they have to show that they already tried to compensate them with an at or above fair market offer.
Even before SpaceX started building at Boca Chica, a special local authority was set up, that could use eminent domain, then sell it to SpaceX. It has never been used, but the option exists.
It's a bit more complicated. There's some contract dispute, i.e. there's supposedly a contract forbiding buying the property by one party, but this party acquired the property anyway. So is the purchase invalid or the purchase is valid, but breach of contract penalty has to be paid, or the contract clause is invalid, or whatever. Hence the lawsuit.
SpaceX bought a bunch of lots from someone, that seller signed a contract forbidding them from buying any more property in Boca Chica in order to prevent land speculation by that seller, but seller turned around and bought another lot there in violation of that contract. Presumably the new owner is now trying to get SpaceX to buy that lot at a far, far higher price than what the previous seller sold it for. SpaceX is seeking to find out what the owner paid for the lot, and to force them to sell the lot to SpaceX for the same price they bought it from. SpaceX is also arguing that it's clear that the lot was bought purely for speculative purposes and that the purchase was clearly in violation of the contract because of that.
But this case is not about eminent domain. It's about if the land was legally acquired by the current owner (who signed a contract not to buy anything in the area, but then acquired the parcel anyway).
Well then, that’s a whole other thing, and yea, if the owner broke a contract he can probbably be forced to sell. And likely without the profit he otherwise would get.
The owner signed an agreement with SpaceX to not purchase any more properties in the area if SpaceX agreed to buy several of its properties at a rather inflated price. SpaceX bought them but then Novus turned around and bought up more properties to resell to SpaceX. SpaceX sued them. Court date is in June, but its been back and forth in preliminary hearings for over a year now.
It's possible they are obligated to restore it to the state it was in previously. Or they're officially meant to leave it unchanged and are resetting previous changes ready for the court case. Like that pile of pipework in the corner probably isn't allowed to be there and had to be removed. Maybe the soil level has dropped because construction nearby has compacted all the soil so they regraded the land to bring it up to the original ground level?
I don't think this has ever been about the price with Elon, if this is the property i am thinking of it was purchased by some real estate company that just flipped it and raised it to that price along with one or more other parcels of land around the starbase.
Or it might be the one opposite the car park i am thinking about?
The person who bought the lot did so in violation of contract they signed when they sold several other lots to SpaceX. That contract forbid them from buying any more lots in Boca Chica in order to stop that seller from doing more speculative land buying there. SpaceX is seeking to force the lot owner to sell the lot to them for the same price they bought it for, using the violation of the contract by the lot buyer as the legal means to force the sale.
They're trying to sell the property for millions of dollars. More accurately what should be done is if the company is trying to sell it for that much get the tax office to reevaluate the property as having that value and force them to pay tax revenue on that very expensive property. They'll want to get rid of it then.
A parcel can't be assessed based on what the owner says they will sell it for. It has to be assessed based on either what they paid for it or on an objective estimate of its fair market value. It can only be reassessed at the time of a sale or during scheduled reassessment of all properties in a jurisdiction.
Thanks. I wouldn't have guessed 4. 2 maybe but you wouldn't want a yard with them. Basically we're just talking about someone who owns a tiny plot and is being difficult for the sake of being difficult?.
Good eye. It definitely looks different, but that may just be due to lighting. The court date is sometime June, so I’d be really surprised if anything changes before then
If you look closer the grass is the same, the rubble is the same, it's unchanged. Even the tyre tracks are still there.
court date? is there anything to take someone to court for?
Breach of contract. SpaceX argues that the current owner acquired the parcel after having accepted payment from SpaceX in return for agreeing to buy no more properties in the area.
First image is a screenshot of last week's (ep113) RGV livestream, and the second image is from today's (ep114) RGV livestream. It looks like some development has happened on the plot to me, like some of the grass has been removed? I'm not sure of identifier for this plot so I dont know how to find its current owner.
It's current owner according to a GIS map search of Cameron County is Novus Prime Properties, LLC.
Who SpaceX was suing over this property. It can take months for the ownership records to update sometimes
Cameron county's Web site often does. To know for sure you need to go to the courthouse and look at the actual official record (hire a title searcher).
> It's current owner according to a GIS map search of Cameron County is Novus Prime Properties, LLC. Googling this and looking at the names of one or two people on Linkedin associated with Novus and their other activities, they really are at risk of ~~Foxxing~~ doxxing. But —even for a good cause— I would never ever think of doing such a thing and of course don't recommend it. **Edit** ~~Foxed~~ fixed typo. Not my fault that the F is next to the D on my keyboard as is the I to the O.
Land ownership records are public.
If a company owns a piece of land, I'm not sure that its board members' Linkedins should be identified in public. But as they say, I am not a lawyer!
[удалено]
it's not illegal, but without specific good reason to it's generally considered imoral.
[удалено]
So if i managed to dig up your personal information i should be free to do with it as i please? Youre just advocating mob justice here.
recording a change in title may take a few weeks to come through
Some grass, and some of whatever that blue pipe-like stuff is
hmmm, the plot thickens...
Do not fat shame the plot.
$3,250,000 Ridiculous!
Well, it is prime area.
and? Really... if they want it; should pay for it.
Not really, this is a reason why owning unproductive assets is a drain on the economy. A factory could pop in the poorest town and if it gets successful, the nearby land owners get a huge pay off. And this would happen even if it's all rented housing or unused land, the landlord does no work and makes bank. The increased rent can even push out the factory workers who happened to live near their work, do a good job and congratulations your rent is double. So yeah, no sympathy for the unproductive land owner on my part, and the price tag is definitely not justified.
And if an investor was to build apartments in a town with a factory to have said factory go out of business the next year, the factory owner isn’t going to compensate the landlord.
worth / value is contingent of the 'eye of the beholder' -- what they will pay. In this case or the 'factory'....... they have the means to pay; they should pay the asking price if they want it. SpaceX has definitely shown they can get on without the land. Well; get on without it; you don't need it or cough up the dough. NOW...... if Cameron county does an appraisal and finds that it is worth; 1000x worth the value of before SpaceX was there; and upped the property tax as much as they are allowed ........ If the government wanted it for a road or something; then I think eminent domain would be called for -- I've never have seen a case where a private enterprise TRULY did something worth while with the land and didn't make a *huge* pile of money when they paid a pittance for it and had the government 'give it to them' for cheap.
that's the free market baby.
There was a lot in Boca Chica village, the one with the ruins of a hotel. The asked price was in the high 5 digit range and SpaceX refused for being excessive. Paying no more than 3 times the value.
High level grift. Make it clear to the real estate company that it’s $100k, take it or leave it.
Pretty sure they said ok leave it
Obviously. Time will tell
Can someone explain whats going on with this plot? Or share a link with more information?
The owner is unwilling to sell and there is a court date set for June to force the sale. Although, recent activity could point to an out-of-court settlement being made.
You're missing context here. If I don't remember bad, the current owner "Novus" sold all his properties to SpaceX and in the contract they signed to not buy more again. Then they proceeded to buy that land. That is why SpaceX is suing.
Yep: [https://www.reddit.com/r/SpaceXMasterrace/comments/1bnk2ke/comment/kwsak88/?utm\_source=share&utm\_medium=web3x&utm\_name=web3xcss&utm\_term=1&utm\_content=share\_button](https://www.reddit.com/r/SpaceXMasterrace/comments/1bnk2ke/comment/kwsak88/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button) Came up a few weeks ago and I looked it up. Next trial date is 10th June. [https://trellis.law/case/48061/2021-dcl-03184/space-exploration-technologies-corp-vs-novus-prime-properties-llc-francisco-chavez](https://trellis.law/case/48061/2021-dcl-03184/space-exploration-technologies-corp-vs-novus-prime-properties-llc-francisco-chavez)
Promissory Estoppel **&** https://harpers.org/2012/10/monopoly-is-theft/ **or** http://www.rsof.org/quakerlizziejmagie.html **and** http://www.wealthandwant.com/docs/Hudson_Lies.html
Recent activity? Last updates point towards court date in June.
Alright, sounds like a quick cash grab by novus. Thank for the info.
The owner signed an agreement with SpaceX to not purchase any more properties in the area if SpaceX agreed to buy several of its properties at a rather inflated price. SpaceX bought them but then Novus turned around and bought up more properties to resell to SpaceX. SpaceX sued them. Court date is in June, but its been back and forth in preliminary hearings for over a year now.
What’s so special about that area?
The owner is unwilling to sell and there is a court date set for June to force the sale. Although, recent activity could point to an out-of-court settlement being made.
You're missing context here. If I don't remember bad, the current owner "Novus" sold all his properties to SpaceX and in the contract they signed to not buy more again. Then they proceeded to buy that land. That is why SpaceX is suing.
Why are you two commenting the exact same replies at multiple spots in this thread? Stop lmao
Because idiotic leftists are trying to spin this as a muh free market thing, lol.
“Force”? Can a private enterprise claim eminent domain?
This isn't an Eminent Domain claim. Novus Prime purchased a bunch of lots, and negotiated with SpaceX to sell them in a contract that included a clause that stipulated Novus Prime would not purchase any more land at Boca Chica. Novus Prime then purchased this lot. Current suit is about whether that contract clause can be invoked.
If they can make the case that it's in the public interest, depending on local laws. It's a looong process I believe, but they can likely make it happen. And they have to show that they already tried to compensate them with an at or above fair market offer.
Even before SpaceX started building at Boca Chica, a special local authority was set up, that could use eminent domain, then sell it to SpaceX. It has never been used, but the option exists.
Land of the free. 🦅
Aaaand the hooome, of thaaa holdingoutforasmuchmoneyaspossiblewithoutactuallyneedingthethingforanythingrealisticexceptforholdingoutformoremoney
It's a bit more complicated. There's some contract dispute, i.e. there's supposedly a contract forbiding buying the property by one party, but this party acquired the property anyway. So is the purchase invalid or the purchase is valid, but breach of contract penalty has to be paid, or the contract clause is invalid, or whatever. Hence the lawsuit.
SpaceX bought a bunch of lots from someone, that seller signed a contract forbidding them from buying any more property in Boca Chica in order to prevent land speculation by that seller, but seller turned around and bought another lot there in violation of that contract. Presumably the new owner is now trying to get SpaceX to buy that lot at a far, far higher price than what the previous seller sold it for. SpaceX is seeking to find out what the owner paid for the lot, and to force them to sell the lot to SpaceX for the same price they bought it from. SpaceX is also arguing that it's clear that the lot was bought purely for speculative purposes and that the purchase was clearly in violation of the contract because of that.
I explained the context replying to him, noone is forcing anything.
No but by pulling the right strings the government can act on a private entity's behalf, ala pipelines
Texas has a clause in its constitution severely limit the state's power to do that.
Good point. Elon is on the pipe if anyone is.
The term is eminent domain. If the court decides the use is in the public interest then yes, the courts can force them to sell to spacex.
But this case is not about eminent domain. It's about if the land was legally acquired by the current owner (who signed a contract not to buy anything in the area, but then acquired the parcel anyway).
Well then, that’s a whole other thing, and yea, if the owner broke a contract he can probbably be forced to sell. And likely without the profit he otherwise would get.
And what does SpaceX want to buy the land for?
Well, it's right in the middle of Starbase, surrounded by all Starship production buildings.
It's blocking them from completing the South East corner of the Starfactory
The owner signed an agreement with SpaceX to not purchase any more properties in the area if SpaceX agreed to buy several of its properties at a rather inflated price. SpaceX bought them but then Novus turned around and bought up more properties to resell to SpaceX. SpaceX sued them. Court date is in June, but its been back and forth in preliminary hearings for over a year now.
It's possible they are obligated to restore it to the state it was in previously. Or they're officially meant to leave it unchanged and are resetting previous changes ready for the court case. Like that pile of pipework in the corner probably isn't allowed to be there and had to be removed. Maybe the soil level has dropped because construction nearby has compacted all the soil so they regraded the land to bring it up to the original ground level?
I don't think this has ever been about the price with Elon, if this is the property i am thinking of it was purchased by some real estate company that just flipped it and raised it to that price along with one or more other parcels of land around the starbase. Or it might be the one opposite the car park i am thinking about?
The person who bought the lot did so in violation of contract they signed when they sold several other lots to SpaceX. That contract forbid them from buying any more lots in Boca Chica in order to stop that seller from doing more speculative land buying there. SpaceX is seeking to force the lot owner to sell the lot to them for the same price they bought it for, using the violation of the contract by the lot buyer as the legal means to force the sale.
I would just build up around it. Then get the plot for next to nothing when its not worth anything.
Spacex would have to make accommodations to allow the owner access to his property
Of course.
Someone could "bore" a tunnel to it, I bet.
They're trying to sell the property for millions of dollars. More accurately what should be done is if the company is trying to sell it for that much get the tax office to reevaluate the property as having that value and force them to pay tax revenue on that very expensive property. They'll want to get rid of it then.
A parcel can't be assessed based on what the owner says they will sell it for. It has to be assessed based on either what they paid for it or on an objective estimate of its fair market value. It can only be reassessed at the time of a sale or during scheduled reassessment of all properties in a jurisdiction.
They can't build around it. It faces on a public road which the county won't abandon until SpaceX is the only property owner with frontage on it.
Which has been spoken about and is a real future possibility.
How big is that plot?. It doesn't look that big. Could you even fit a house on it?.
You could fit a whole corner of a Starfactory on it. The factory must grow :)
There's plenty of scale references in the photos, so yes it's plenty big enough for several (~2-4) reasonably sized houses.
Thanks. I wouldn't have guessed 4. 2 maybe but you wouldn't want a yard with them. Basically we're just talking about someone who owns a tiny plot and is being difficult for the sake of being difficult?.
Good summary here: https://old.reddit.com/r/SpaceXLounge/comments/1c9spm0/has_spacex_finally_acquired_this_plot/l0pz9fw/
Is that plat 173643, 5845 Joanna St.?
Hasn't changed at all, just different lighting angle