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Tag Archives: Tax Increment Reinvestment Zone

Council considers Colony Park TIRZ ahead of expected approval

City Council appears ready to move forward next week with the creation of a property tax mechanism that will bring more than $80 million over 20 years to the Colony Park development in East Austin. At Tuesday’s work session, staff…

Exact shape of South Central Waterfront TIRZ in limbo

After a lengthy and complicated discussion at Tuesday’s work session, City Council directed Chief Financial Officer Ed Van Eenoo to advertise a new public hearing about the long-awaited tax increment reinvestment zone for the old Austin American-Statesman site and surrounding…

Cultural trust hopes to build pipeline of future creative space projects

The city’s new economic development corporation expects to begin its investment in a half-dozen venues and creative space projects by late spring, with $16.9 million in play to help combat the displacement of arts-focused businesses and organizations. The money will…

New worries arise over tax increment financing

Council members approved a resolution Thursday directing the city manager to bring them a plan for financing two Capital Metro Red Line rail stations in north Austin, one at McKalla Place and one at the new Broadmoor development. However, several…

Featured Collection: Austin Energy 2022 rate case

Austin Energy ramps up outreach for proposed rate changes

Austin Energy has entered the public hearing phase of its base rate review process, following its proposal to raise service costs. The monthslong dialogue with stakeholders and city staff, slated for resolution by City Council in November, has surfaced predictable…

Waller Creek taxes ID'd to possibly fund $30M in housing for homeless

City staff members have recommended that City Council consider using funds from the tax increment refinancing zone (TIRZ) created for the Waller Creek improvement project and system of parks as the biggest funding source for providing housing and services for…

City inches Homestead Preservation Districts forward

Technically, Austin has had a Homestead Preservation District for years. Last week, City Council decided to do something about it. Council members voted 9-0-1 to move forward with actually using homestead preservation districts as yet another way of addressing Austin’s…

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