BEACHFRONT TRACTS HITTING AUCTION BLOCK CORPUS CHRISTI

(Corpus Christi Caller-Times) – Developer Paul Schexnailder has submitted several tracts on Padre Island for an absolute auction to be held March 10 2007.

Mark Scott with the city council said the tracts do not include property where Schexnailder and his company, Gulf Shores Joint Venture, recently proposed a master-planned $1.5 billion resort development.

City voters in November decided against granting Schexnailder a ban on vehicular traffic on 7,200 feet of beach, a concession he said was necessary for the development.

Syler Sales in Burton are listed as brokers for the properties. The Auction Way Co. of Georgia will direct the auction.

As a "tourist" who has faithfully brought my family and my money to Corpus Christi for over 30 years, I am more than disappointed that CC voters didn't have the vision to support a $1.5 billion development. Corpus Christi people don't seem to want to change -- and that is not a good thing. Cars shouldn't be on that stretch of beach anyway. The proposed phased-in public parking was more than adequate. I will enjoy future vacations (and buy a condo) on someone else's beach. The last idiot off the beach should pick up the beer bottles and trash left behind because the city is too poor to pick them up.

On March 10, 2007 two Gulf Front seawall hotel/condo sites were auctioned off for $4 million each in the first 4 minutes of the auction. The buyer of these two lots did not want to give his name, his information will be available once the title work is done and it becomes public record.

Other waterfront lots available sold from 250K to 285K in the next five minutes. In less than an hour the whole package was sold bringing in 10,635,000 to Schexnailder. The least expensive lot was sold for $50,000.

Many of the area's developers were present during the auction, since the results affected their investments.

In response to rkw who said, "As a "tourist" who has faithfully brought my family and my money to Corpus Christi for over 30 years, I am more than disappointed that CC voters didn't have the vision to support a $1.5 billion development. Corpus Christi people don't seem to want to change -- and that is not a good thing. Cars shouldn't be on that stretch of beach anyway. The proposed phased-in public parking was more than adequate. I will enjoy future vacations (and buy a condo) on someone else's beach. The last idiot off the beach should pick up the beer bottles and trash left behind because the city is too poor to pick them up."


You don't live here and we don't need you or your opinion! Stay in Dallas where you belong.

MW