A judge has ruled against an environmental group that sued the city of Austin, alleging elected officials violated state law with their vote allowing redevelopment along the shores of Lady Bird Lake. Travis County judge Jan Soifer did not include a reason for her ruling. Save Our Springs Alliance had argued that, by not adequately advertising the scope of […]
TIRZ
Posted inCourts
Judge rules city can’t use taxpayer money for South Central TIRZ
Travis County District Court Judge Jessica Mangrum has ruled that the city of Austin and the developers of the Statesman Planned Unit Development may not move forward with funding of the development on Lady Bird Lake with $354 million in property taxes. The Save Our Springs Alliance, former state Sen. Gonzalo Barrientos, former Council Member […]
Posted inPlanning
Memo brings questions about affordability, public benefits for Statesman redevelopment
A new memo that forecasts significantly higher costs for affordable housing and other public benefits proposed by the city for the largest development project in the South Central Waterfront has raised a number of questions as the planned unit development process moves forward in the coming weeks. City Council was scheduled to conduct the second […]
Posted inPlanning
Memo says bonds needed to meet affordability goals for waterfront redevelopment
To reach the goal of bringing about 500 units of affordable housing to the South Central Waterfront District, the city would need voters to approve more bond funds, for as much as $60 million. The prospects for planned affordable housing for the area south of the Congress Avenue bridge were among several issues discussed in […]
Posted inAustin
EDC waiting on TIRZ formation while moving ahead with cultural trust funding proposals
The city’s economic development corporation is moving ahead with evaluating proposals from creative groups vying for some of the $16.9 million in cultural trust funds for creative spaces, but its role in helping manage development south of Lady Bird Lake is in limbo while the real estate market moves forward. Staff from the EDC, a […]
Posted inPlanning
Council still has many questions about waterfront tax zone
Anyone expecting definitive answers about how the city will pay for improvements for the South Central Waterfront zone after a lengthy discussion at Tuesday’s City Council work session was likely disappointed. At the end of reports from the city’s financial and housing staff, Council still had numerous questions. Mayor Steve Adler, who has been a […]
Posted inPlanning
Council moves toward creating South Central Waterfront TIRZ
At its final meeting of the year, City Council gave preliminary approval for the South Central Waterfront tax increment reinvestment zone, or TIRZ in city parlance. Council members Leslie Pool and Greg Casar did not participate in the Dec. 20 meeting, but the rest of the members voted for the plan unanimously. Council unofficially adopted […]
Posted inPlanning
South Central Waterfront financing plan expected next month
After many years of vision planning and discussions, two major redevelopment projects – the South Central Waterfront and the Colony Park Vision Plan in Northeast Austin – are showing some degree of progress in relation to how the projects would be financed. City staffers are expected to present a preliminary financing plan for South Central […]
Posted inPlanning
Council to adopt TIRZ, implement full south waterfront plan
The long-delayed South Central Waterfront Plan moved closer to implementation Thursday after City Council initiated a tax increment reinvestment zone to guide the use of new property tax revenue on the south shore of Lady Bird Lake. The TIRZ is one key element of the South Central Waterfront Plan, which upon adoption will regulate development […]