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Proposition 2 Fails

AG | November 6, 2008 |

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From the City of Austin web site:

Voters did not pass Proposition 2, which would have prohibited the City from entering into future agreements to provide financial incentives in connection with the development or redevelopment of property that includes one or more retail uses, and to stop the City from providing financial incentives under certain existing agreements in connection with the development or redevelopment of property that includes one or more retail uses. The unofficial vote tally on this proposition was 126,064 “for” and 136,609 “against.”

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