View Single Post
  #27  
Old Posted Jul 1, 2018, 11:31 AM
JACKinBeantown's Avatar
JACKinBeantown JACKinBeantown is offline
JACKinBeantown
 
Join Date: Jun 2003
Location: Location: Location:
Posts: 8,824
Quote:
Originally Posted by AwesomeSAView View Post
There is an article on news4SanAntonio.com today regarding this project. Apparently the developer has been awarded 8 million dollars to build the high rise in front of city hall.
Anybody have any updates on this one??

Oh, and the article is on the negative side, but I think everyone on this forum is fine with awarding developers incentives to build downtown!
Thanks for mentioning it. Here's the link:
http://news4sanantonio.com/news/loca...rdable-housing

It's negative not because of buildings going up, but the lack of affordable units included in return for tax dollars. Tax dollars, which are paid by citizens, are supposed to provide for the public, not the corporations. It's a gray area with arguments on both sides, including that the city council put a moratorium on the tax breaks and wants to change the rules, but that's the realistic reason the story has a negative slant.

Makes sense... right there in the article is a quote that explains succinctly a good reason to include affordable units, aside from the obvious of giving those without gobs of money a chance of living in a vibrant downtown:

DeAndre Washington moved here from Atlanta and is still furnishing his new apartment on Broadway.

Washington says he almost didn't move downtown because the rents were so high.

“Anywhere from $1,200 to $1,500 for a one bedroom. I almost moved up to the Stone Oak area, right outside 1604, they're a little cheaper," Washington said.
Reply With Quote