The Price of Smart Growth

A Summary of Incentives for Smart Growth

Since late 1998, the Austin City Council has awarded over $100 million in subsidies for new corporate buildings, downtown office, retail and residential projects, and big, all-encompassing developments like the Triangle Project near Hyde Park. City officials say such incentives are needed to achieve Smart Growth goals of shifting development into downtown and other Desired Development Zones and away from environmentally sensitive areas.

Here's a breakdown of Smart Growth costs:


Major Employer Incentives ('99-'00) (in $ millions)

Dell Computer/$14.4/$147

Computer Sciences Corp./$10.4/$150


Intel (project currently suspended)/$10.4/$124

Vignette (project cancelled)/$25.0/$350


Project Specific Incentives ('00-'01)

Bennett Tract/$23.0/$300


Morse TND/$4.9/$126

Fourth & Congress/$1.1/$100


Development Incentives ('98-'01)

Sixth + Lamar/$2.10/$70

300 W. Sixth/$1.20/$93

W. Ave. Lofts/Post Properties (Phase 1)/$0.53/$20

W. Ave. Lofts/Post (Phase II)/$0.45/$32

Nokonah Condominiums/$0.28/$36

524 N. Lamar/$0.14/$8


Total Approved Incentives/$103.4/$1,766

Source: City of Austin *Based on council estimates

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