Posted May 1, 2019, 10:38 PM
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Meh
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Join Date: Jul 2001
Location: Austin,TX<-->Dripping Springs,TX<-->Birmingham, AL<-->Warm Springs,GA
Posts: 57,205
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https://www.statesman.com/news/20190...austins-future
Quote:
Report: Steering downtown’s growth is crucial to Austin’s future
By Sebastian Herrera
Posted Apr 30, 2019 at 4:42 PM
Updated at 9:54 AM
Downtown Austin could reach capacity within the next 20 years based on land availability and current building restrictions, according to the report’s findings.
Downtown Austin’s growth has been rapid. There are 58 projects either under construction or planned, totaling more than 6,000 residential units and almost 3,000 hotel rooms, according to the report. Total worker population within the downtown corridor is now more than 93,500 employees and development has reached 70 million square feet — just over half the amount experts say the area can handle based on current building codes.
The area also has become an economic engine for Austin’s economy. In 2018 alone, the downtown area accounted for more than $540 million in tax revenue, according to the report. While downtown is only 0.5% of the city’s land area, it accounts for 10% of Austin’s total assessed property value, with the area creating 20 times more tax revenue than the city average on a per acre basis, according to the Downtown Austin Alliance.
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My girlfriend has a poodle named Kevin.
Last edited by KevinFromTexas; May 2, 2019 at 12:57 AM.
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