River North Passes Unanimously
City Council voted today to approve the River North TIRZ.
What this means: Developers will have added incentives to building in the area. This is really going to change the face of Downtown San Antonio in terms of residential units. This plans envisions nearly 8000 new units of all classes of housing in the area as well as 750 thousand sq ft. of new office and 300 thousand sqft. of new retail. Watch this area evelove. It should begin realtively soon. An Ordinance designating the River North Project area located in City Council District 1, as shown by the TIRZ Boundary Map to be bounded by the centerlines of the following streets: on the north by IH 35, to the west by N. St. Mary’s, Camden, Wilmington, Brooklyn, Augusta, and Baltimore Streets, to the south by 4th, Taylor, and 3rd Streets, and to the east by N. Alamo, 4th, Bonham, McCullough, Avenue E, Brooklyn, Union, 10th, E. Jones, and Broadway as a Tax Increment Reinvestment Zone (“TIRZ”); describing the boundaries of the TIRZ; creating a board of directors for the TIRZ; providing for an effective date and a termination date for the TIRZ; naming the TIRZ “Reinvestment Zone Number Twenty-Six, City Of San Antonio, Texas”; establishing a tax increment fund; and containing other statutorily required provisions for the designation of a TIRZ. [Presented by David D. Garza, Director, Housing and Neighborhood Services; Jelynne LeBlanc Burley, Deputy City Manager] |
I fear this will be a lot of low-end housing.
|
Well, it said a mix of income...so we will see.
|
We will have to see. I doubt they would put "low income" housing on something as important as the riverwalk. I think its just political that they put that wording in to appease any people who are against "High End" development/housing. But we shall see, nice to see the area moving forward...
:yes: |
And the face of downtown development has just changed.
In a very good way. |
Is there a website for River North?
|
No way will it be low income.It is going to be a part of the Musuem Reach.It is going to be awesome.
|
Quote:
|
Quote:
|
Uptown Houston and Midtown Houston are both TIRZ. I'm sure there are plently of other examples.
On thing this TIRZ has over the two aforementioned districts is the Riverwalk expansion. |
Quote:
|
I don't know what will happen to any low income housing. However what is the address for the apartments? Are you sure its in the River North TIRZ district, because Fox Tech High School isn't.
|
Quote:
Actually thinking about where the project is actually going to be...I think that area def. needs some sprucing up. We'll see if theres any good proposals come spring. |
there was a map outlining the TIRZ in the paper today. I will try to find it online and post it.
|
Definently a lot of potential in the area and a lot of incentive for future growth between this TRIZ and this Museum reach project through to Brackenridge.
|
Weston Solutions is relocating from 410 to the RIver North area. The TIRZ was a big factor in their decision. Along with their office being there, there will also be housing (condos) and a multi story parking garage.
I guess that would be the first (of many) projects announced for River North. |
All times are GMT. The time now is 4:42 PM. |
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.