The New Downtown Austin -- Operation: Density

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“The question is no longer if we're going to grow, but how we're going to grow - with transportation, open space housing affordability and city services.”
Mayor Will Wynn (during his recent re-election campaign)

Major change is coming to Austin’s downtown area over the next few years, as we now begin to enter what is being referred to as “Austin’s next boom.” Already, as you read this, the new generation of residential towers is on its way, several of them of truly massive proportions.

In December 2005, City Council filed the Downtown Resolution,” which made plain the Council’s intention to pursue the following goals for downtown Austin. To mention a few:

  • Mayor Wynn’s goal of 25,000 residents living downtown within 10 years;
  • Selling government-owned land and turning it into housing in all price ranges;
  • Serious planning for the placement of downtown rail/transit stations; and
  • Increasing funding for infrastructure such as sidewalks and flood control.

spring.jpgThe Resolution charges the City with creating and enforcing what will be known as the Downtown Austin Plan. In April, the City released its formal “Request for Qualifications” (RFQ) for “a consultant with extensive experience in urban downtown planning and financial modeling, to assist the City and the community in the creation of a vision for the development of downtown Austin for the next 20 years, and to develop an implementable strategy to achieve that vision.” At the moment, the City is reviewing several submitted proposals, and the choice will apparently be made by late July or August of this year. Whichever consultant’s proposal the City decides to select will very much determine the course of development in the downtown Austin area for years to come. Ultimately, it’s the City Council’s decision to make.

The publicly-stated goal here, as Mayor Wynn has emphasized repeatedly, is to pursue “smart growth” and ”population density” for the downtown area. This basically means preventing horizontal urban sprawl, common in cities like San Antonio and Houston, by encouraging growth to go vertical. Wynn and his supporters insist that, in order to preserve Austin’s unique character and personality while at the same time keeping downtown businesses thriving, the idea of population density is the key.

interior01.jpgBut none of this is new. For years, the City has been trying to spark an en masse migration of young businesspeople to the downtown residential scene with these same ideas in mind. Until now, the City has generally failed. The reason: despite the improvements in downtown infrastructure, the increase in attractive upscale housing, and the building of attractive, chic retail stores and eateries, it’s still too expensive for most people to live downtown.

But this time around, the City's plan includes a solution for the high costs of living in downtown Austin: The subsidization of residential construction projects. Several members of City Council have gone on record as suggesting that, as part of the Downtown Austin Plan, the City may actually “buy down” the price of developing residential towers so that the cost of renting or purchasing an urban flat wouldn't be so steep. Whether this will actually work depends on just how much disposable income the City can scare up to provide such subsidies to developers. Yet rest assured that if the City does pull off its subsidy plan, and affordable, state-of-the-art housing is finally constructed in the downtown area, we could see a total transformation of our city as we know it as thousands upon thousands of people begin moving to the area within MLK, Lamar, Town Lake, and I-35. Until the Downtown Plan is released, however, stay tuned.

For more information on future development in the Austin downtown area, as well as development across the rest of the city, here are some useful links:

* Photos from Austin Urban Living 2000.com

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Comments (1) [rss]

The real reason downtown remains expensive is that construction has failed to keep pace with latent demand, but at the same time, there's considerable disincentives financially to living downtown - i.e., property taxes, on which you get screwed and the asshats in Circle C and other sprawlburbs laugh their way to the bank.

Also, there's a ton of people who want to live near, but not directly in, downtown; but all of the near-downtown neighborhoods are run by irresponsible jackasses who oppose any and all multifamily development until/unless it becomes a fait accompli.

Read my 'bad neighbors' crackplog category for background, if you please.

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