Tribpedia: Red McCombs

Tribpedia

Red McCombs is a San Antonio businessman. He is the founder of Red McCombs Automotive Group, and co-founder of Clear Channel Communications and Koontz McCombs Construction Ltd. McCombs earned a business degree from at the University of Texas after leaving law school because he “realized it would take years before he achieved success.”

McCombs entered the automotive business in 1958 ...

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Property Tax Lending Industry Under Review Again

Some officeholders have raised the idea of replacing Texas' property tax with a larger sales tax. But that could create some new fiscal challenges.
Some officeholders have raised the idea of replacing Texas' property tax with a larger sales tax. But that could create some new fiscal challenges.

While buying a home in Texas may not be as expensive as it is in other states, keeping up with property taxes — the 14th-highest in the nation, according to tax analysts — can be harder. Facing an interim charge to review a bill regulating property tax loans in Texas, lawmakers are taking a closer look at the controversial industry.

F1s exiting the pitlane during the 3rd free practice  at the 2010 Montreal Grand Prix.
F1s exiting the pitlane during the 3rd free practice at the 2010 Montreal Grand Prix.

For Combs, Formula One is High-Risk Politics

If the proposed Formula One project comes off and does well financially, Comptroller Susan Combs will look smart. The timing of a successful annual November race couldn't be better. Or worse, if it's a flop. And if there's no race at all? That may be the best outcome of all.