Quote:
Originally Posted by 427MM
We could have saved it…against the wishes of the non-profit who owns it (Delta Kappa Gamma Society International promotes professional and personal growth of women educators and excellence in education. Vision: Leading women educators, impacting education worldwide.)
We also could have forgone the ~$5M in tax revenue that the property looks to generate each year once redeveloped. Put another way, is the current building worth subsidizing to the tune of ~$5M/yr? I don’t believe it is.
Glad it will be redeveloped with a 375’ residential building mere feet from the largest transit investment in Central Texas’ history.
|
Plus, from what I believe are the most current renderings in Post #19, it looks as though they are either retaining or re-creating a significant portion of the existing facade.
Save for what will likely be a building with little-to-no street level interaction, I think this will look great without totally ignoring what came before it.