Council OKs Sale of Treatment Plant to Developer
The Austin City Council voted unanimously to sell the largest city-owned plot of undeveloped land downtown, the former Green Water Treatment Plant site just west of the Second Street District.
Developer Trammell Crow is buying the site for more than $42 million to build housing and shops.
The deal requires Trammell Crow to make 10 percent of the apartments affordable to people who make 80 percent of the median family income.
Council member Kathie Tovo says the plan was improved by public input.
“We’ve seen this development really evolve since our first briefing on it last month,” Tovo said. “The affordable-housing provisions that are now in the MDA and the Workers’ Defense items have really brought it to a better place, and I think that’s the result of all of the public testimony that we’ve received and the input from council.”
Council members also agreed to allocate more than $20 million for infrastructure improvements at the Seaholm Development District next to the Green plant.