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Austin's Waterloo Greenway plans for Phase 2 with $9 million federal grant

Austin's Waterloo Greenway plans for Phase 2 with $9 million federal grant

The second phase of the Waterloo Greenway will soon be underway thanks to a $9 million federal grant. (Waterloo Greenway Conservancy)

Downtown Austin will soon get a little more green as Austin's Waterloo Greenway park enters its second phase thanks to a new $9 million federal grant.

The grant will bring over 1,500 trees, 200,000 plants and 10 acres of seeds along Waller Creek as part of the new project dubbed The Confluence, officials said at a Monday press conference. The U.S. Army of Engineers provided the funding through the Infrastructure Investment and Jobs Act.

Local leaders, including U.S. Representative Lloyd Doggett and Austin Mayor Steve Adler, said the new phase will beautify the area, boost the ecosystem and improve air quality by reducing greenhouse gas emissions.

The Confluence is part of the Waterloo Greenway, which partially opened in 2021 with the new Moody Amphitheater and Waterloo Park. The organization behind the project, Waterloo Greenway Conservancy, plans to extend the green space into a 1.5 mile, 35-acre park from 15th street to Lady Bird Lake. The second phase is projected to start this October.

The three-phase development process is under way and expected to be fully completed in 2026. (Waterloo Greenway)

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elon musk

With deposition and trial looming, Elon Musk has offered $44B for Twitter, again

With deposition and trial looming, Elon Musk has offered $44B for Twitter, again
Shutterstock

Elon Musk has proposed once again to buy Twitter for $54.20 a share.

The news that Musk is offering to carry on with the $44 billion buyout was first reported by Bloomberg. Now, a filing with the Securities and Exchange Commission shows Musk made the proposal in a letter to the tech giant on Monday.

The New York Stock Exchange temporarily halted trading in Twitter stock twice Tuesday, first because of a big price move and the second time for a news event, presumably the announcement of Musk's renewed offer.

While the per share offer price on this latest proposal remains the same as the original offer, it’s unclear if Musk has made other term changes or if Twitter would reject it. According to other reports, a deal could be reached this week.

The stock closed at $52.00/share Tuesday, indicating market uncertainty around the $54.20 offer.

After Musk informed Twitter of plans to terminate the original agreement in July, Twitter sued. A trial has been expected in Delaware Chancery Court on Oct. 17.

With the proposition of a buyout on the table again, it revives the question of whether Musk might move Twitter from San Francisco to Central Texas.

He’s done so with some of his other companies. Tesla’s headquarters in southeast Travis County had its grand opening earlier this year and tunneling business The Boring Company moved to Pflugerville. At least two other Musk companies, SpaceX and Neuralink, have a Central Texas presence without being headquartered here.

Technology journalist Nilay Patel this afternoon voiced concerns that owning Twitter and Tesla together could be problematic for Musk, as his Tesla manufacturing facilities in Germany and China are both in countries that have disputes with Twitter over content moderation and censorship.

Telsa shares fell after the Twitter news became public, before rallying to close up, at $249.44.

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real estate

Austin rents nearly double in a year and are now in the top 5 nationwide

Austin rents nearly double in a year and are now in the top 5 nationwide
Dwellsy

While searching for a place to live, Austin renters will face monthly rates of nearly $3,000, a recent guide from rental marketplace Dwellsy shows.

The median rent in August this year was $2,930, a more than 86% increase since August 2021. That’s $820 more than the nationwide median asking rent in August and puts Austin just below the Bay Area, Boston and New York for large cities with the most expensive asking rent.

“Within this group, Austin, TX stands out for the highest increases in asking rent, which has nearly doubled since this time last year,” the study notes.

Outside of those large cities, however, others are seeing even higher rent spikes. Metro areas that ranked above Austin in one-year increases include those like Kansas City, MO with a 112% change in rent since last August and Tucson, AZ with a 124% change.

The data reflects large apartment communities, single-family homes and 2-6 unit buildings.

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