Austin's 10 new city council members may want to compare deal "offers" (incentives in exchange for favorable re- zoning)moving forward after this!
++++++KXAN STORY & videoclip ++++++++
It is not often that a big developer offers to make improvements to neighborhoods and nearby schools.
But that is what’s happening with a proposed high rise development that would cover 30 acres on the Southwest corner of Spicewood Springs Road and MoPac. The original plan included about 600 apartments, 40 townhomes, retail stores, restaurants and high rise office buildings.
The proposal called Austin Oaks would replace more than 4,000 square feet of office space.
A Dallas developer, represented by The Drenner Group law firm in Austin, needs the city’s blessing to re-zone the property. They also need the blessing of a growing group of unhappy neighbors.
“I’ve been doing this a long time so in Austin, Texas you’re always going to have some push back,” said attorney Stephen Drenner.
Drenner said the plan is in line with what a special city planning group called Imagine Austin said was needed in this part of town, but one problem critics have is the proposed height of the tallest building.
Full story here: http://kxan.com/2014/11/30/high-rise-developer-offers-big-incentives-to-improve-nearby-schools/
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