The biggest new incentive has to do with Spire offering to contribute $10 million for traffic mitigation. Funds would be administered through a trust over the course of development — 15 years or so. Drenner said he believes the concept is unprecedented in the Austin real estate community and possibly across Texas.
The question for the citizens is WHO is managing the trust funds and will be accountable financially & legally for making sure the money is spent on roads and not a neighborhood association slush fund?
The city can't manage the trust or its contract zoning which is illegal.
Photo: the latest mock up for the Austin oaks PUD. It's mostly huge parking garages. 3,000-5,000 jobs and cars are planned. This is over half of all the jobs defined for a neighborhood center in imagine Austin's comprehensive plan.
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