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Real Estate News & Current Events

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Neil Narayan
  • Real Estate Agent
  • Austin, TX
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Chinese laser company that works with Samsung may set up major factory in Manor

Neil Narayan
  • Real Estate Agent
  • Austin, TX
Posted Apr 15 2023, 17:52

A multibillion-dollar Chinese industrial laser business has purchased 262 acres in Manor near Samsung and Tesla, where it plans to build a large 400,000 SF manufacturing facility that employs hundreds

https://www.bizjournals.com/au...

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Tyrell Proby
  • Investor
  • Scottsdale, AZ
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Tyrell Proby
  • Investor
  • Scottsdale, AZ
Replied Apr 16 2023, 15:31

This should be fun; Hundreds of new employees coming to the area, along with the need for transportation of goods and materials, could cause increased traffic congestion in the area, making it more difficult to get around. Especially in a city that already lack public transportation in the first place. The arrival of a large business can potentially change the community as more people move in and the area accommodates more industrial activity. This can lead to changes in the character of the area and potentially disrupt local communities.

But the positives outweigh the Negatives !!