development

The Marriott debacle

Jude Galligan | December 22, 2008 |

The inopportune demolition of the Las Manitas restaurant and neighboring buildings has sparked some discussion in the blogosphere. On December 5th, it was announced that the 1,000 room Marriott hotel development was put on hold. Chris Bradford over at Austin Contrarian suggests we charge developers a fee if they delay development of blighted block.

Time will tell how long it takes Marriott to develop to sell the site. One reason to be optimistic that Marriott may still have sincere interest in developing the hotel is that Downtown Austin hotels routinely reach full capacity. Meanwhile, wrapping a block in chain link fence and leaving it to sid idly will not be taken kindly by local stakeholders. I would like to see City Council implement maximum development timelines for projects like this and begin to revoke concessions initially granted to the project.

AustinTowers has some photos of the demolished block.

[Part two] City of Austin v. Harry Whittington: the saga of a parking garage

Jude Galligan | December 5, 2008 |

by jude galligan

Who has legal claim to the Convention Cener parking garage? The City of Austin or Harry Whittington? — Who has legal claim to the Convention Center parking garage? The City of Austin or Harry Whittington?

Part one begins here.

In 2003 Harry Whittington begins to win. But, the City is proving to be just as stubborn with their appeals – just as Whittington had been between 2000-2003.

Whittington has postured himself along the following legal issues
1)    originally, the condemnation was incorrectly processed
2)    on the second condemnation attempt, the City did not properly condemn the alley
3)    the City hasn’t demonstrated the condemnation was done out of necessity for a public purpose
4)    the City already has parking on 2nd & Trinity and the new parking lot and (later) chiller system are intended to benefit private sector, beginning with the new Hilton hotel, and specifically future developers

Chronology of events from 2003 to 2007 begins after the jump.

City of Austin v. Harry Whittington: the saga of a parking garage

Jude Galligan | December 4, 2008 |

17,000 square feet of empty retail space rests at the base of the Convention Center’s parking garage. This retail space has the potential to add vibrancy and day time services to the Entertainment District. This is the only retail space within a few hundred feet of the 555, the Sabine on 5th, the Hilton, the Hilton Garden Inn, and the Convention Center. So, why hasn’t this space been filled?

After the jump: Part 1 of the chronology of City of Austin v. Harry Whittington
[Read more…] about City of Austin v. Harry Whittington: the saga of a parking garage

Downtown Austin Condos: Build or bust? Fact or editorial disguised as fact?

Jude Galligan | November 28, 2008 |

by jude galligan

does the statesman use dirty headline tactics? — "At last?"

The Austin American Statesman is one of two local papers (the other being the Chronicle) that reach Austin’s masses. These newspapers set the agenda and guide the discussion on topics of their choosing. The words printed on the pages of the Statesman, Austin’s most widely read newspaper, have the power to affect the home values and lives of thousands of Austinites. With that power comes responsibility.

Wednesday morning I picked up a Statesman at Jos Coffee and in big bold black letters “Condos caught by crisis at last”, “Breakneck rate on sales of units, construction slows as credit and capital dry up”.

Curiously, neither of those dramatic headlines exist in the online version of the article. In the print edition, immediately to the left, in much smaller font, was the news – the government is injecting $800MM to expand the credit markets.

Shonda Novak is a staff writer at the Statesman and wrote the above article. Shonda has been reporting on Austin real estate for years. If Shonda writes that the sky is falling on Austin real estate, then 100k+ Austin readers look at their spouse and say “Hon, did you see that article in today’s paper about Downtown condos? I’m telling you, Babe, those developers will never sell all those condos! Just wait and they’ll be selling them at twenty cents on the dollar!”

I read and re-read the article. Seeing the print edition headline, I expected catastrophe. Instead, I found nothing at all particularly newsworthy.

Is it possible that the Statesman’s headline was overly sensational?

Taking a similar approach to how I dissected this article, after the jump, I’ve cut/pasted a handful of quotes from the article, and then I explain if that quote is, generally speaking, true, false, or if the quotes are generalizations or simply editorial in nature.

Seaholm TIF zone approved

Jude Galligan | November 21, 2008 |

The redevelopment of the Seaholm powerplant has just taken a big step forward. The City approved the tax increment financing zone to pay for new public utilities within the 7.8 acre site sandwiched between Cesar Chavez and 3rd Street.

TIFs work by applying the increase in ad valorem tax revenue within a defined zone to repay the debt used to build the public infrastructure.

Seaholm.info
ABJ article

renderings of the Seaholm Powerplant redevelopment