The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1922-05-16
BIG BUILDING PROGRAM STARTS
early FOR 1922 BREAKS RECORD
MANY MAJOR BUILDING OPERATIONS ARE ALREADY UN-
DER WAY TO CARE FOR GROWTH OF CITY
A MILLION DOLLAR PROGRAM UNDER WAY
Oil MIL Community Auditorium Texas Utility Light and Ice Plant
Sl5OOO0 School Building Many Residences Business Houses
Sidewalks and Other improvements in Program

keep bic weeds cut should have these
things done for him and thc cost
legally assessed against this prop
erty. II he does not want % pay
for them then-why there are q lot
Of folks that would like 10 boy the
property on a forced sale and im-
prove it for the good Of tie town.
And they are folks that We n live
in Lubbock and contribute ome-
thing TO its development and r1Wth
and not simply sit down on the deed
% their property and wait for a
town So build up around them 20
make their property worth s'me-
thing
Foreign capital is desirable for a
town when it Is active But 1on-
resident property owners that rclTse
TO carry their part Of the burden
Of building town, making neces-
snry improvements 20 their property,
keeping the weeds cut and 60 keen
the entire property in q state Of re-
pair or condition un to the standard
Set by the folks qho live here and
make The pro0erty worth something
--Whv that uou-rc sidenl property
owner should bo reached ONE way
land reached so f1rcefIl|y that hs
hie womb sting tor year
Today fe time ID START build
r tr g0lr own home
ut aucrfy for rrc tuent only.
Ircr steady demand for houses
at rah.e rer for property az
within nlf " What 1T rs
actually porh No town can grow
frr thal W ability to house its
incoming hiD-and that at
reasonable rate. Lubbock has lost
more THAN 500 citizens during tae
past two years on account Of the
fact That there were gOt homes
available % care for them-at
price that was reasonable.
To give one example: A whole
sale firm wanted to locate in Lub-
book he required a building for
one car of supplies and space for
storing four more cars. Several
locations were submitted to him and
ho choose one When the owner
was approached he wanted GER
tain lease price for the wooden
shack and adjoining vacant lot
Whom asked what hc would take for
NENN |IMNfNNN NNN N|NANNINNN 20 N'N ANN NNe'
when figured out wolld make his
lease price ONLY % per cent Of the
price he offered Orb take for the
property In short he figured on
an income from The property each
year uf 2 Per cent of the value he
was asking for Without consld-
Grafton of what the place was actu-
ally worth He had "a $500 shack
and a $4,000 pr0perip and wanted
$50 per month rent on the layout.
Similar examples could be cited
Of rent houses IN the city. The
leases are all out Of proportion TO
the value Of the property-and the
result is-a prospective citizen is
bluffed entirely out Of the city. He
locates in some Of our neighborinf
towns and Lubbock Is just two far
lilies farther away from her undiss
puted leadership Of this section.
OF course You can't make a prop
erty owner that owns his building
or property takes less than he wants
% for his building or property. They
belong 20 him ard he can charge
100 per cent rent on rs value OF
II If it SO pleases him--but il viii
hurt the town more than If the
house burned down.
when rent values In a town the
size Of Lubbock Get higher than
rent values for similar homes in
comparafiveiv as desirable sections
Of Dallas and Fort Worth somebody
Is profitoering and in so doing is
hurting the city. An owner Of any
property, Of any business and in
stitution IS entitled to a reasonable
return on his mvcstment---if he
conducts that business, institution
or property IN an open, honest, con-
structive business manner. But he
is not entitled TO an exhorbitant
lease, rental or profit from that
property, business or institution
when such lease, rental or profit
is taken at the expense OF the indi-
vidual or town in which such BUSH
ness is located and conducted with.
That is not socialism--that IS
common sense backed up by the
moral obligation that goes with own
ership, leadership and exceptional
ability Business men everywhere,
are colning TO recognize the moral
obligation that goes with their con-
troll Of the worlds goods, and the
livelihood Of their employees. The
bigger the business man. the greater
business and greater responsibilities
are given 10 him.
The same appreciation Of rcspon-
sibiiity on the part Of the individual
property owner IN Lubbock viii re-
act favorabiy not only on him as an
individual but upon the growth and
development of the town a. whole
and the entire section.
Let us build Lubbock upor a sane
foundation.