River North- San Antonio
David Hendricks: Approval of taxing area could help remake part of downtown
San Antonio Express-News Dec. 14 could be a watershed day for downtown San Antonio. That is when the City Council is slated to vote on a 194-acre taxing area covering the northeast sector of the central business district. Future increased property tax revenues would finance dressing up the area — called River North — so it can draw more private investments for housing, retail and offices. The decision is scheduled for Dec. 14 on purpose. The council wants to lock in 2006 property assessments totaling nearly $125 million so future increases will count toward the project. The 25-year tax increment-financing proposal envisions an increase in property valuations zooming to $1.2 billion by 2031, yielding about $67 million for physical improvements. The fund would finance utility line burial and street improvements, especially along the main thoroughfares of Broadway and Avenue B, said David Garza, city Neighborhood Action director. The plan envisions that private investments will add a half-million square feet of office space, a quarter-million square feet of retail space and 5,500 or more residential units with a possible average of two people per unit. Another 7,000 parking spaces could be built, although multilevel garages would be encouraged instead of flat lots. The $67 million worth of improvements would be in addition to a $194 million extension of the River Walk, including the section between Lexington Street and the San Antonio Museum of Art on Jones Avenue. The two-year River Walk extension project, which breaks ground in March, will be paid from city, county and federal funds. The extended River Walk would provide a park dividing the district. The primary purpose of the tax district is to accelerate housing in an underdeveloped area as an alternative to further sprawl on the city's outskirts, said Andrés Andújar, group executive officer of the architectural firm 3D/International. He probably has worked more on behalf of River North than anyone else. Since 2005, Andújar has made about 70 presentations on the project to businesses, agencies and organizations. So far, only the city proposes a tax district. But other taxing entities, including Bexar County, the Alamo Community College District and the San Antonio River Authority, could create their own arrangements to add funds for improvements. If the tax district is approved, a board of public and private sector representatives would be established to oversee all expenditures except those for river improvements. The Downtown Alliance San Antonio plans to raise private funds for an urban planning firm to write a block-by-block master plan, said Ben Brewer, alliance president. The proposed River North boundary is zoned mostly light industrial, but it already has some impressive investments. AT&T Corp. occupies two office towers there, built initially by Valero Energy Corp. KLRN and KSAT operate television stations, and the district includes most of the San Antonio Express-News complex. The area also features a Cadillac dealership, several landmark churches, additional park space at Jones and Broadway, and a beautiful Southern plantation-style house that serves as a Veterans of Foreign Wars post. One street enhancement that has been widely discussed is narrowing Broadway to four from seven lanes to allow for wider sidewalks, trees and a boulevard. That could be accomplished, Andújar said, and still allow Broadway to accommodate the annual Fiesta parades. The City Council's choice Dec. 14 boils down to this: Keep the district's money flowing into the general fund or divert enough revenues to dramatically increase property values over 25 years in an underdeveloped area. Considering that urban sprawl is much more expensive for the city to serve with fire, police and other city services, City Hall might actually save money by opening the central business district to condominiums and apartments. River North would result in a better-balanced, healthier city. |
This is really good news. :)
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Look for city council to approve the River North project.
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I agree, i remember hearing about River North a good while back. They said it will take time and that it has. That area has so much potential. There are quite a handful of empty lots and buildings that can be used for a vareity of things. Such a close location to downtown, walking is not all that bad, i have done it many times. Would be nice to see some height/density in this area.
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Something must be done to enhance the look of Broadway; all those abandoned auto dealerships and parking lots look really shitty. If it wasn't for the downtown skyline in the distance one could say it kind of looks like a ghosttown.
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I still think they should turn Broadway into the broadway other cities have-- a nice long strip with theatres and condos and nice apartments.
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So...according to this article, they're taking the taxes from the zone and making sure it is reinvested in the neighborhood.
Also, that's a great plan for Broadway, highly needed. |
I think plans call for a really nice arts district around SAMA.
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Tax district aims to boost area north of downtown
Guillermo X. Garcia EXPRESS-NEWS STAFF WRITER Publication Date : December 15, 2006 Hoping to attract more residents to the heart of San Antonio, the City Council approved a new taxing district Thursday designed to spur commercial and residential development in a 56-block area immediately north of downtown. The tax increment reinvestment zone -- centered generally along Broadway and nestled near the intersection of Interstate 35, I-37 and U.S. 281 -- would grant tax incentives to spur development of a pedestrian-friendly residential area that would significantly increase the area's population and property values. Called River North, the project, in conjunction with the planned northern extension of the River Walk, would redevelop underutilized or empty commercial buildings and stimulate construction of moderate and higher-end housing in what one proponent called a model for inner city-revitalization. The project is expected to boost property values in the 194-acre site from the current $125 million to more than $1.2 billion, according to city Economic Development Department projections. The city would benefit by collecting taxes on property whose value would be significantly higher. Fewer than 700 people currently reside within the district, but up to 2,250 would live in low- and mid-rise buildings within five years, and 9,000 new residents would call the area home within 20 years, according to department projections. The plan calls for the city to eventually invest up to $91 million in the project, said Housing and Neighborhood Services director David Garza. But Thursday's unanimous council vote didn't commit the city to spend any money, he noted. That investment would come after financing agreements are negotiated with commercial and corporate developers to build or locate in the area, Garza said. He estimated those agreements -- generally in the form of property tax breaks -- would be finalized in 2007. Property taxes paid by businesses already in the zone, including the San Antonio Express-News, would go into the reinvestment zone and not into the city's general fund. Mayor Phil Hardberger warned that private entities must commit to the project for the plan to succeed. "It is an exciting project ... that should be a Renaissance for the area, and includes a significant expansion of the River Walk," Hardberger said. "But I expect property owners and businesses that will benefit to contribute to this project. The city can stimulate, but for this to succeed, I fully expect private citizens and corporations to be involved, to make this a true partnership." Garza, in briefing the council, said the city's initial investment of $67.5 million would pay for streets, sidewalks, drainage and utilities, in addition to the $194 million the city already has committed to extend the River Walk, including sections between Lexington Street and the San Antonio Museum of Art. The River Walk extension, which breaks ground in March and will take two years to complete, will be paid by a combination of city, county and federal funds. Over the 25-year life of the tax increment reinvestment zone, or TIRZ, Garza envisioned the construction of 6,000 housing units, including 200 affordable units run by the San Antonio Housing Authority; 150 hotel rooms; 700,000 square feet of office and 250,000 square feet of retail space and 7,250 parking spaces. The economic development agency estimated the zone's commercial impact at $246 million a year from 155 new businesses that would create almost 1,700 new jobs paying annual salaries of $47 million. "We are trying for a positive impact for downtown San Antonio," said Andres Andujar of the 3D/International architectural firm. "This would be an urbanscape that would not be a tourist tract, it would be for us, San Antonians." He said the pedestrian-friendly area would include bike path lanes, and he envisioned grocery stores and shopping areas "that would mean residents could shop and walk to their work downtown." He called the concept far preferable to the urban sprawl under way in the northern and northwestern parts of the city. "Just don't make this a boxed downtown like Baltimore or Seattle," Councilwoman Elena Guajardo said. "Make it look and feel like San Antonio." River North 56 blocks covering 194 acres, in City Council District 1 Estimated construction: 6000 Residential units 150 Hotel rooms 700,000 Square feet of office space 250,000 Square feet of retail space 7,250 Parking places $67.5 million Infrastructure (streets, sidewalks, drainage, utilities). Source: City of San Antonio ggarcia@express-news.net |
Here are some past articles on River North. It should be noted that RIver North was first proposed in August of 2005. Since then it has taken off like a rocket shooting outer space.
http://www.mysanantonio.com/business....1746a550.html Quote:
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This is definently something we've needed downtown for a while and the article is right it will be the first "non-touristy" part of downtown.
It looks to me like they haven't actually made any tax breaks yet. They're going to work with each individual developer about how to organize the tax breaks. That might not be fair, it might be better to give everybody the same deal. |
No, it's a TIRZ, meaning everyone (developers) is entitled to the tax breaks. I think how much and how little is determined on the size and scope of each development.
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this sums it up...Basically don't expect anything over 10 stories. 10 stories probably being the tallest and being a parking garage. We can't be "boxy like seattle or baltimore" This sucks in terms of making the skyline better I don't think this project is going to contribute at all. |
Does anyone know if the Riverwalk is limited to any height restrictions?
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well luckily it's not in Guajardo's district so she has little say. I really envision this area becoming San Antonio's Victory, if you are familar with the Dallas development with the same name.
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Taking into consideration the space for roads, sidewalks, and green space the actual area available should be much less than 194 acres. I would guess some where between 70 to 85 acres would be available for construction. The number of floors needed to pack 6000 residential units, along with the other proposals, into an area that small would require much greater heights. If you look at the number of hotel rooms, 150, you can immediately begin to question some of the numbers. Maybe, the plan is to have only one hotel.
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Does anyone have the pictures of the boundaries of River North?
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Second, where do you get the 10 story number? There is no set height for developments as of now, and unless there is one put in place a developer could build as big as they wanted to. However, they'd have to build something mixed-use. Andres Andujar who helped visualizes River North as well as champion its birth has labeled this a mid-rise area, but that's his vision. Unless its put into zoning height that all developments be mid-rise or smaller, height enthusiasts shouldn't have anything to worry about. Third and last, who cares of its all mid-rise. If what expected happens, this will be something beyond words. An urban and dense residential district with the Riverwalk smack in the middle, something for San Antonian’s and not tourists directly inside the downtown area. We've never had that but for some reason because you feel there won't be any height in future projects so you give River North a thumb down. My friend, if skyscrapers are what keep you functioning in life I suggest you move to Las Vegas or Miami. I can’t tell you how extremely thrilled I am about River North. |
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River North has a street grid, it has the River Walk right in the middle. It has industrial buildings one could turn into housing or offices. Sure will a lot of building be torn down so a developer can build something. But there are tons of parking lots that will also be built on. I really don't think you can compare what River North will become. |
Hopfully city leaders will allow for taller buildings there. It's far enough away from the Tower of the Americas that most buildings there, really no matter how tall they'd be, wouldn't block views from the Tower of the Americas. And of course they'd be away from the Alamo and historical areas of downtown. Then it'd just be a matter of figuring out what heights to allow around the riverwalk regarding shadows. Still, there's a lot of developeable land on the other side of downtown to build tall towers on, too. I say allow taller buildings there.
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