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Updated over 4 years ago on . Most recent reply

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643
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Neil Narayan
  • Real Estate Agent
  • Austin, TX
493
Votes |
643
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Austin's $10 Billion transit package with 3 new light-rail lines

Neil Narayan
  • Real Estate Agent
  • Austin, TX
Posted

The Austin City Council and the Capital Metropolitan Transportation Authority have put the city on track toward a nearly $10 billion transportation overhaul, including three new light-rail lines.

A major component of the 30-year plan would be the addition of three light-rail lines that would snake throughout the city. More than 36 miles of light rail would connect North Austin and South Austin with downtown Austin and Austin-Bergstrom International Airport.


https://austin.culturemap.com/news/city-life/06-15-20-three-new-light-rail-lines-drive-10-billion-transit-plan-for-austin/

Most Popular Reply

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1,221
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1,007
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Aaron Gordy
  • Real Estate Broker
  • Austin, TX
1,007
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1,221
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Aaron Gordy
  • Real Estate Broker
  • Austin, TX
Replied

Thanks for sharing. I am not sure if it will pass. I wish it would but prefer to take the money from elsewhere. I don't like it that the city's financial creativity begins and ends with property tax increase. Surely, the city council has to realize that the tax increase will be passed on to the tenants thereby making it even more expensive to live in the city,  for everyone. Why can't the city sell property?  They own a bunch of land around the city and some of it is extremely valuable. Its just an example of how to raise money without taxing folks. How about bonds? Good grief. 

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