The Austonian Throws Itself A Little Party

The Austonian threw itself a ground breaking party this morning in the parking lot on the corner of 2nd and Congress, where the shiny building designed by Houston-based Zeigler Cooper Architects will one day stand. The festivities, complete with mimosas and mini-quiches, celebrated the future ‘landmark’, and featured a whole lot of loving between the City and Benchmark Development.
Senator Kirk Watson and Mayor Will Wynn showed up, and praised Benchmark’s contributions to Austin’s skyline and to all of its tax payers, not just downtown residents. According to Mayor Wynn, “The Austonian is a significant step in helping us reduce energy use, water use and vehicle miles traveled per capita, all while increasing the vibrancy and vitality of Congress Avenue. Urbane, mixed-use density has dramatic benefits economically, environmentally and socially."
Benchmark thanked the city for being so easy to work with, and patted itself on the back for providing just what this city needs, more ground floor retail and million dollar condos. We get that all the economic activity generated by people who can afford to buy these things is going to increase the city’s tax revenue, but if it’s just going to be given back to national retail chains at the Domain as tax breaks, what’s the point?
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