This month we look at some of the biggest stories impacting the future of Austin’s economic growth, affordability and quality of life.
This November, Austin residents will have the option to vote for candidates in a variety of national, State and local races. But elected positions aren’t the only thing on the ballot. Voters will also consider two City of Austin propositions. Both Propositions A and B focus on transportation and mobility, but the two are quite different.
Meanwhile a report by the Urban Land Institute indicates Austin could tackle traffic problems and the shortage of affordable housing by taking advantage of more than 1,300 acres for what essentially would become mini cities within the larger city.
Also in the news, NASCAR will be featured at the Circuit of the Americas for the first time and the newly constructed Waterloo Park and Moody Amphitheater is all set for a grand opening to the public in spring 2021.
NASCAR is coming to Circuit of The Americas
Auto racing is coming back to the Circuit of the Americas in Austin next year. Circuit of the Americas will be hosting the NASCAR Cup Series event. It’s the first time NASCAR will be featured at the Circuit of the Americas and fans are encouraged to make a deposit for the NASCAR Cup Series event, which is scheduled for May 23.
Behind the Scenes Look at the New Waterloo Park and Moody Amphitheater
The much anticipated Waterloo Park and Moody Amphitheater will be opening to the public next spring. At 11 acres, the new development will be the largest park in downtown Austin. The park will have rolling gardens, play spaces, food trucks and shady areas to meet with friends. The amphitheater will comfortably sit around 5,000 people for outdoor entertainment and live shows.
A Possible Solution to Austin’s Growing Traffic and Lack of Affordable Housing
A new report indicates Austin could tackle both traffic and affordable housing issues by taking advantage of more than 1,300 acres for what essentially would become mini cities within the larger city.
In the report, experts assembled by the Urban Land Institute identified 1,350 acres within Austin that could fit into the city’s current zoning framework for “transit-oriented development,” or TOD. Anchored by a transit station, a TOD features a mix of office, residential, retail, entertainment, and other spaces in a compact walkable and bikeable area.
Two Austin Transportation Propositions are on the Ballot Next Month
Beyond national, state and local candidates on the ballot—this November, Austin residents will have a voice on Propositions A and B which both focus on transportation and mobility improvements. Get a detailed look at both propositions here.
National News
Did you know one out of every 15 home sales in the second quarter of the year were defined as “flips?” While flipping declined slightly last quarter, both profits and profit margins were up. According to an industry report, 3,621 single-family homes and condos were flipped in the second quarter.