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Austin At Large by John Davidson

In architecture, community, economics, ethnicity, government, North America, performing arts, politics, space on December 21, 2012 at 17:55

From: Austin At Large by John Davidson, n + 1, http://nplusonemag.com

Austin is the fastest-growing city in the United States. More than 150,000 people moved there in the last decade and the city now has almost 800,000 residents. The greater metro area added almost half a million people in the past ten years and now has a population of about 1.7 million. This rapid growth has made Austin one of the few cities in the country where the housing market is strong and stable. The total dollar amount of single-family homes sold in Austin in October was more than $543 million, and with the population expected to keep growing and spreading into other parts of the city, the future looks good for realtors and developers in Austin.

For everyone else, the future looks expensive. Central Texas is struggling with an overloaded infrastructure and crippling congestion, which will keep getting worse unless Austin and Travis County can figure out how to build light rail, buy more buses and establish more routes, carve out more bike and pedestrian paths, and build larger highways—all of which comes with a price tag in the tens of billions. That money would have to come from ever-increasing property taxes and fees paid by current residents, and of course those living in growing neighborhoods will be hit hardest.

Read the article

Reposted with permission from: n + 1

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