Dirt turns on new subdivision expected to bring 1,000 homes to northeast Austin "Tri Pointe Homes, along with Ashton Woods, will be the two builders in the new subdivision, which is expected to add about 1,000 homes in northeast Austin over the next several years." (Shonda Novak, Austin American-Statesman)
Tokyo Electron inks lease at RiverSouth for its new North American HQ "The maker of semiconductor manufacturing equipment has signed a roughly 98,800-square-foot lease at South Austin’s RiverSouth building." (Cody Baird, Austin Business Journal)
City to Create New Bonus Program to Incentivize Affordable Housing in Tall Towers "Two months after a district judge struck down changes City Council made to the city’s zoning regulations, Council has approved a resolution, Feb. 1, that will revive some of them." (Austin Sanders, Austin Chronicle)
Elon Musk's X, formerly Twitter, to have Austin-based content moderation center "The social media company X, formerly Twitter, is establishing an Austin-based "trust and safety" center and appears to be building out an Austin-based office." (Kara Carlson, Austin American-Statesman)
San Marcos, Austin sued by Texas AG Ken Paxton over marijuana policies "Attorney General Ken Paxton announced five lawsuits against Austin, San Marcos, Killeen, Elgin, and Denton on Wednesday, January 31." (Gabriel Romero, San Antonio Express-News)
Austin gave families $1,000 a month for a year. Most of the money was spent on housing. "Austin began its first guaranteed income program in 2022. The city selected 135 households to each receive the money for a year. Those who responded to a survey from the Urban Institute, a nonprofit research organization, said they spent 60 percent of the money on rent and mortgage payments." (Audrey McGlinchy, Austin Monitor/KUT 90.5)
Downtown Commission members suggest city pursue legal action against Union Pacific Railroad "Members of the Downtown Commission showed support for the city possibly using legal action including eminent domain against Union Pacific Railroad to acquire property eyed for improvements near the Seaholm District." (Chad Swiatecki, Austin Business Journal)
