Lawyers argued the city violated state law when it created a tax increment refinancing zone, or TIRZ, across several South Austin neighborhoods. The city's plan would have used property taxes to fund, in part, the former Austin American-Statesman site.
The plan would have used property taxes to fund, in part, a development along Lady Bird Lake where the formerA Travis County District judge has ordered the City of Austin to scrap a plan to divert a portion of property taxes from general city services and use it to fund infrastructure projects — such as roads, sidewalks and affordable housing — in parts of South Austin.
Money from TIRZs have been used to fund the redevelopment of several neighborhoods in Austin, including most notably the city's Seaholm District. Home to the former city-owned power plant, this section of downtown is now full of high-rise apartments, shops and restaurants. But lawyers for the plaintiffs, including former state Sen. Gonzalo Barrientos and former Austin City Council Member Ora Houston, argued this tax plan was a misuse of state law. A TIRZ is intended to incentivize development in an area where it otherwise wouldn’t happen. Attorneys argued developers building in neighborhoods just south of Lady Bird Lake, where homes sell for over $1 million, need very little encouragement to build.
In their lawsuit, Bunch and fellow attorneys quoted former Austin Mayor Steve Adler during a hearing on the TIRZ in 2022.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New federal cash paves way for East Austin's 'wishbone' bridge over Lady Bird LakeThe three-pronged pedestrian bridge — the first of its kind in Austin — will finally complete the 10-mile Ann and Roy Butler Hike and Bike Trail around Lady Bird Lake.
Read more »
Sue Bird On Documentary 'Sue Bird: In The Clutch,' Megan Rapinoe EngagementRandi Richardson is a reporter for NBC News' TODAY.com based in Brooklyn.
Read more »
APD investigating after body found near Lamar Street Bridge at Lady Bird LakeA body was discovered near the Lamar Street Bridge at Lady Bird Lake on Tuesday morning, the Austin Police Department said.At approximately 11:31 a.m., officer
Read more »
Body found in Lady Bird Lake near Roy G. Guerrero Colorado River Metro ParkA body was found in Lady Bird Lake near Roy G. Guerrero Colorado River Metro Park Saturday morning.The Austin Police Department responded to Krieg Field, locate
Read more »
Texas' Garrison Brothers Distillery to release 2024 Lady Bird bourbon May 11Texas whiskey haven Garrison Brothers Distillery will release the second iteration of its award-winning Lady Bird bourbon May 11, benefitting Austin’s Lady Bird Johnson Wildflower Center. First released in 2023, the limited expression is Texas honey-infused and finished with cognac.
Read more »
KUT Partners with Austin Vida to Highlight Latino Arts and Culture Events in AustinKUT is partnering with Austin Vida to showcase arts and culture events in Austin's Latino community. The Blanton Museum of Art is providing support for the initiative, with its new galleries dedicated to Latino art. This month, the Selena Quintanilla tribute band Bidi Bidi Banda will be performing in celebration of the late Tejano star's birth month.
Read more »