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Old Posted Feb 22, 2023, 5:29 PM
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Join Date: Sep 2015
Location: Austin, TX
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Quote:
Originally Posted by atxsnail View Post
The downtown salvation army shelter is closing. Any idea what that might mean for the building? Sounds like it's in poor condition and costs are untenable to maintain/repair it.

https://www.kxan.com/news/local/aust...elter-closing/
I saw this and it seemed . . . curious. Have to admit I wondered whether they were going to try and sell the land to a developer, or maybe let another entity (the city maybe? or ARCH?) take over the administration of the shelter. TBH I can't see there being much value to the land unless you're a buy-and-hold kind of investor. The ARCH being right next door limits a lot of what can feasibly be built there.
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