Downtown Austin Blog

downtown Austin's real estate and neighborhood blog

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Archives for 2008

Proposition 2 Fails

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KAW in oval Plus.ai

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.”

Urban Exploration – abandoned buildings

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I wish Austin had more interesting derelict buildings like this. There is something creepy but inviting about these old buildings. You can imagine these used to be active facilities that [some] operated for centuries. [more]

UT's Brackenridge tract – are big changes coming?

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The University of Texas is sitting on the most desirable parcel of land in Austin, known as the Brackenridge tract. 345 acres that includes miles of lake frontage and a golf course. For years this land has been home to affordable housing for UT graduate students. If they are talking about doing anything, then they are talking about redevelopment. UT Regents have already made it clear that any redevelopment must be profitable. This rules out a big, central park style, green space and presumes a mixed use development. [more]