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Real Estate Council calls for more real estates

Thursday, October 27, 2016 by Elizabeth Pagano

The Real Estate Council of Austin released a white paper, “Public Land Use in Austin,” on Wednesday that evaluates public land in the city and examines how upward of 6,154 publicly owned parcels appraised at about $15 billion could be used to build housing. The paper is in line with recent steps taken by the city of Austin, Travis County and the Austin Independent School District to do just that, but a press release from RECA warns that those interlocal plans “may not go far enough.” RECA President Ward Tisdale elaborated in a statement to the press, saying, “Every square foot of dirt in the city needs to be used efficiently, and if governments are not ensuring the highest and best use of their real estate, then they need to adopt processes to annually review their real estate holdings.” The white paper is embedded below.

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