I'm not impressed by Austin. It'll urbanize like any other flagship university town. It isn't growing uniformly outward from the core. It's sprawling most quickly to the north. The south and west are hot spots too.The east end is quite underdeveloped.
Columbus, OH is probably the most similar MSA. Columbus isn't growing as quickly, but the core and university district have made some serious progress in the last 10-15 years. If the city could get some of the expressways choking off downtown torn down, it'd be much nicer than Austin IMO...ignoring the weather
