On March 3rd the developers of Spring Condos, a new downtown residential tower, will announce a $50,000 contribution to the Austin Parks Foundation. The contribution is based on a formula of $500 for each new Spring resident, and will target needed public improvements to the lower Shoal Creek Trail, which have been called for since the 1990s. When all the units at Spring are sold, the total contribution will top $100,000.
The developers will gather at the Shoal Creek pedestrian bridge to make the announcement with Mayor Lee Leffingwell, City Councilmember Chris Riley and numerous parks and downtown advocates. The Shoal Creek pedestrian bridge is one block west of 3rd and Nueces. The Spring residential tower will provide the visual backdrop.
The developers of Spring–Diana Zuniga, Perry Lorenz, Larry Warshaw, and the late Hon. Robert Barnstone–set a standard for providing community benefits for downtown development during their zoning case several years ago. This led to a string of other developers offering similar benefits, leading to millions of dollars in pledges and contributions for parks and trails, new sidewalks, and affordable housing.
WHO: Mayor Lee Leffingwell, City Councilmember Chris Riley, Spring developers, Charlie McCabe of the Austin Parks Foundation, and representatives of the Trail Foundation, Downtown Austin Alliance, Austin Metro Trails & Greenways, and Original Austin Neighborhood Assn.
WHAT: Announcement of a $50,000 contribution to the Austin Parks Foundation for improvements to the Shoal Creek Trail.
WHERE: Shoal Creek pedestrian bridge, one block west of 3rd and Nueces. Spring residential tower will provide the visual backdrop.
WHEN: Noon Wednesday, March 3rd
Have they announced what specific improvements they plan to use the money for?