Austin's I-35 ranked among top congested roads in Texas, worst for truck traffic "Roads and intersections across Texas cost commuters time and money, but no Lone Star route is more expensive, time-consuming and congested for 18-wheelers than a segment of Interstate 35 that runs through the heart of Austin, according to a study by the Texas A&M Transportation Institute." (Hogan Gore, Austin American-Statesman)
Rezoning vote for huge Brodie Oaks redevelopment postponed "A local developer seeking permission to redevelop a South Austin shopping center — one of the largest projects currently on the drawing board in the region — will have to wait a bit longer for the proposal to be considered by Austin City Council. During a packed Dec. 1 meeting, Council postponed a public hearing and associated ordinance regarding the creation of a planned unit development for Brodie Oaks Shopping Center proposed by commercial real estate firm Barshop & Oles Co." (Mike Christen, Austin Business Journal)
Austin's legal costs to oust the South Terminal's operator double to $3 million "Legal bills are piling up in the city's fight to oust the company running the South Terminal at Austin-Bergstrom International Airport. Austin's City Council voted Thursday to double ABIA's legal services agreement with corporate law firm Winstead PC to more than $3 million. The move comes after the company with a 40-year lease to run the South Terminal — Lonestar Airport Holdings — sued in federal court in at attempt to stop the city from forcing it out through the use of eminent domain." (Nathan Bernier, KUT 90.5)
Austin housing market stabilizes, with metro median home price below $475,000 "In October 2022, the Austin-Round Rock metro area's median price clocked in at $474,900, which, while a record for the month of October, is up only 4 percent year-over-year. At the city level, Austin's median price grew to $550,000 last month, also a record for October, but only a 3.8 percent increase year-over-year. Travis County's median price sat just below, at $544,950, up 5.8 percent from a year ago." (Arden Ward, CultureMap Austin)
Council directs staff to develop ‘site plan lite’ process "In an attempt to speed up city processing of plans for 'missing middle'Au housing developments, City Council approved a resolution Thursday that sponsors and housing advocates hope will shorten the wait for developers seeking to build triplexes, fourplexes and other small developments." (Jo Clifton, Austin Monitor)
TOOF building 100 units for homeless in Austin The Other Ones Foundation (TOOF), a nonprofit, is getting people off the streets of Austin and into a place they can call home. They are putting in 100 trailer-type units in the Esperanza community at what used to be a Texas Department of Transportation (TxDOT) workyard in South Austin. (Matt Fernandez, KVUE-ABC)