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Luxury subsidy deal stalls at council

Artist's rendering of the 305 South Congress redevelopment presented at a meeting of the Planning Commission (Endeavor Real Estate Group)

A majority of the Austin City Council at a work session Tuesday raised questions or concerns about a proposal to subsidize infrastructure development in the South Central Waterfront District, which runs along the south shore of Lady Bird Lake, including the site of the Austin American-Statesman.

The subsidy deal would pay for amenities like fountains, sculptures, and an amphitheater in the shadow of new luxury high rises in the 118-acre district, as well as utilities and a smarter street grid, according to the vision plan and preliminary project plan approved by the council Dec. 20.

Read the full story at The Austin Bulldog.


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