* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting. [00:00:09] YOU ARE WATCHING A MEETING OF THE AUSTIN CITY COUNCIL WITH MAYOR KIRK WATSON, MAYOR PRO, TIM VANESSA FUENTES, COUNCIL MEMBERS NATASHA HARPER, MADISON, JOSE VELAZQUEZ, CHEAT VELA RYAN ALTER, CRYSTAL LANE, MIKE SIEGEL, PAIGE ELLIS, ZOE CADRE, MARK UCHIN, CITY ATTORNEY DEBORAH THOMAS, CITY CLERK ERICA BRADY, AND CITY MANAGER TC BROAD MAYOR IS, UH, VIRTUAL TODAY IN THE MAYOR. PRO TEM IS OUT. SO I WILL BE RUNNING THE MEETING TODAY, UH, AND LOOKING FORWARD TO IT AND, UH, GONNA ENJOY IT. BUT LET'S GO AHEAD AND LAUNCH INTO IT 'CAUSE WE HAVE A PRETTY LONG, UH, AGENDA AND A LOT OF INFORMATION TO DISCUSS. I'LL GO AHEAD AND CALL THE WORK SESSION TO ORDER AT 9 0 1. UH, AM THIS IS WHAT WE CALL DESIGNATED SURVIVOR COUNCIL MEMBER . I'M, I'M LIKE THE, THE SPEAKER OF THE HOUSE, I GUESS. RIGHT. UH, AND LET'S GO AHEAD AND START WITH THE, UH, I'LL GO AHEAD AND CALL UP STAFF TO, UH, PRESENT ON, UH, THE, THE PULLED ITEMS. IF, DO WE HAVE A STAFF PRESENTATION? IS, IS, IS THE INTENT OF STAFF TO MR. MAYOR? THE POLLED ITEMS, UH, TYPICALLY ARE A RESPONSE, UH, TO ANY QUESTIONS THAT MAY COME UP FROM THE C CITY COUNCIL. GOT IT. SO WE'RE NOT GONNA START. OKAY. THEN WE WILL GO AHEAD [B.1. Downtown Highway Cap Benchmarking: takeaways from a study commissioned by the Downtown Austin Alliance regarding impacts of the I35 Cap and Stitch Program on the downtown area [Davon Barbour, President & CEO - Downtown Austin Alliance, Thomas Simpson, Principal - HR&A].] AND MOVE OVER TO, UH, A PRESENTATION WITH A CALL. WE'LL CALL THE FIRST SPEAKER, UH, FROM THE, THE DOWNTOWN AUSTIN ALLIANCE CLERK. WOULD YOU CALL THE, THE, THE FIRST SPEAKER WITH THE PRESENTATION? FIRST SPEAKER FOR B ONE IS JENNIFER SPENCER REMOTELY. HI THERE. GO AHEAD. UM, I'M JUST ASKING FOR ALL OF CITY COUNCIL TO PLEASE VOTE IN FAVOR OF FULLY FUNDING ALL THE ROADWAY ELEMENTS ON MAY 22ND AND SUPPORT FUTURE DEVELOPMENT OF CAP. IT'S A ONCE IN A LIFETIME OPPORTUNITY FOR OUR CITY. A CITY OF THIS, THIS SIZE AND STATURE NEVER GETS THIS OPPORTUNITY TO CREATE 25 ACRES OF DEVELOPMENT IN THE MIDDLE OF OUR CITY. OTHER PLEA HAVE BEEN TEST CASES IN HOW THIS CAN WORK. WE CAN LEARN FROM DALLAS, AND WHILE THIS INITIAL INVESTMENT IS TO CREATE THE INFRASTRUCTURE TO BUILD THESE CROPS IN THE FUTURE, PLEASE DON'T UNDER UNDERESTIMATE THE POWER OF OUR COMMUNITY TO HELP PROBLEM SOLVE, GATHER THE ADDITIONAL FUNDING NEEDED TO BUILD THE ACTUAL CAP AND HELP BEAUTIFY AND CONNECT OUR CITY. ONCE THE INFRASTRUCTURE'S IN PLACE, THE INVESTMENT IN THE FUTURE AND THE POSITIVELY IMPACT GENERATIONS TO COME WITH GREEN SPACES, WHICH IN ADDITION TO BEAUTIFYING OUR CITY WILL BE MORE IMPORTANT. AS TEMPERATURES RISE, WE CAN BE A PROACTIVE CITY. PLEASE USE YOUR AUTHORITY TO VOTE IN A FAVOR OF OUR FUTURE HERE IN AUSTIN FOR FUNDING ALL THE ELEMENTS FOR THE CAP, AND CHOOSE THIS OPPORTUNITY TO BUILD A BETTER FUTURE FOR ALL AUSTINITES. THANK YOU. AND CLARK, CAN WE GO AHEAD AND CALL THE, UH, SPEAKER FROM THE DOWNTOWN AUSTIN ALLIANCE? 'CAUSE I BELIEVE THEY HAVE A PRESENTATION. I'M GONNA INTRODUCE STAFF. STAFF. GO AHEAD. PRESENTING ON B ONE. YES. GOOD MORNING, UH, MAYOR AND CITY COUNCIL. THIS IS AN I 35 CATCH CAPTAIN STITCH UPDATE. UH, AIM TO AID IN THE PREPARATION FOR FUNDING DECISIONS, UH, POINTS THAT ARE OCCURRING, UH, LATER THIS WEEK. UH, WHEN IT COMES TO THE FUTURE PROOFING OPPORTUNITIES, STAFF WILL REITERATE OBVIOUSLY OUR FUTURE PROOFING RECOMMENDATION TO THE CITY COUNCIL, THE DOWNTOWN AUSTIN ALLIANCE PRESIDENT AND CEO, UH, DEVON, UH, BARBER, UH, WILL PRESENT ON THE RETURN ON INVESTMENT STUDY THEY COMMISSIONED, UH, THROUGH HRNA. UH, NOW PASS IT OFF TO MIKE ROGERS, ASSISTANT CITY MANAGER. UH, AND HE'LL BE FOLLOWED, UH, BY, UH, DEVON, UH, AS WELL AS, UH, PRINCIPALS FROM HRNA. MICHAEL. WELL, UH, THANK YOU, UH, CITY MANAGER, MAYOR, COUNCIL MEMBERS. UH, MIKE ROGERS, ASSISTANT CITY MANAGER. AND I JUST WANTED TO REITERATE THE ITEMS THAT, THAT [00:05:01] WE HAVE ON THURSDAY. ITEMS NUMBER 41, 42 43, OUR ITEMS TO, UH, ALL RELATED TO CAP AND STITCH. SO WE, WE HAVE A DECISION POINT ON THURSDAY TO, UH, LOOK AT, JUST LOOK AT THE ROADWAY ELEMENTS AS WE MOVE FORWARD, AS INFORMATION HAS HAS BEEN CHANGING. AND WE HAVE NEW INFORMATION FROM TDOT THAT WE ONLY NEED TO MAKE DECISIONS ON ROADWAY ELEMENTS ON THURSDAY. AND THOSE ROADWAY ELEMENTS ARE, UH, ITEMS THAT WOULD ALLOW FOR FUTURE PROOFING, UH, FOR CAPS TO, TO COME IN IN THE FUTURE. THE DECISION TO, UH, MAKE ON THE CAPS WE HAVE A LITTLE BIT OF TIME NOW, UH, AS FROM TXDOT, WE HAVE UNTIL, UM, MAY, OR EXCUSE ME, WE HAVE UNTIL NOVEMBER OF 2026 TO MAKE THE DECISION ON CAPS AND CAP FUNDING. AND SO WHAT THIS WILL ALLOW, IT WILL ALLOW THE CITY TO WORK WITH OUR EXTERNAL PARTNERS IN DEVELOPING A FUNDING STRATEGY, FUNDING STACKS FOR THOSE CAPS. AND SO WHAT I DO WANT TO REITERATE IS OUR POSITION THAT, UH, STAFF HAD ON, UH, MAY 6TH, 2025 AT OUR WORK SESSION. STAFF HAD, UH, RECOMMENDED, UH, SCENARIO ONE, WHICH SCENARIO ONE IS TO DO ROADWAY ELEMENTS FOR TWO CAPS IN THE DOWNTOWN AREA, CESAR CHAVEZ TO FOURTH AND 11TH THROUGH 16TH. AND SO WITH THAT, I WANT TO INTRODUCE DAVON BARBER FROM THE DOWNTOWN AUSTIN ALLIANCES, WHO WILL TALK A LITTLE BIT FURTHER ABOUT RETURN ON INVESTMENT AND OTHER INVESTMENTS. GOOD MORNING COUNCIL MEMBERS. GOOD MORNING. A CITY MANAGER, BROAD NEXT, MEMBERS OF THE PUBLIC AS WELL AS CITY STAFF, UH, DAVON BARBER PRESIDENT AND CEO OF THE DOWNTOWN AUSTIN ALLIANCE. UH, I WANT TO THANK YOU FOR THE OPPORTUNITY TO ADDRESS THIS BODY TODAY. CERTAINLY, UH, IN THE, IN THE NEXT FEW DAYS, THERE IS A PIVOTAL DECISION THAT WILL BE MADE BY THIS, BY THIS BODY AS WE DISCUSS OUR FUTURE 35. UH, I BELIEVE THAT WE HAVE AN INCREDIBLE OPPORTUNITY AHEAD OF US TO REALLY POSITION AUSTIN FOR CONTINUED GREATNESS. YOU KNOW, DOWNTOWN AUSTIN ALLIANCE, AS YOU KNOW US, WE ARE THE CARETAKERS, THE STEWARDS OF DOWNTOWN. AND SO WE WORK TIRELESSLY EVERY SINGLE DAY TO ENSURE THAT DOWNTOWN IS A GREAT WORK, GREAT PLACE TO LIVE, WORK, AND PLAY. YOU KNOW, MUCH OF OUR FOLK WORK FOCUSES ON CLEANLINESS, SAFETY, BUT WE ALSO TAKE A HOLISTIC VIEW OF DOWNTOWN. YOU KNOW, OUR MISSION IS TO MAKE SURE THAT THERE'S CONTINUED INVESTMENT WITHIN DOWNTOWN. AND SO CERTAINLY AS A PART OF OUR WORK MOBILITY, IMPROVING PUBLIC SPACES IS TOP OF MIND FOR US. YOU KNOW, BACK IN 2020, UH, THE DOWNTOWN AUSTIN ALLIANCE WORKED TO COMMISSION AN URBAN LAND INSTITUTE TECHNICAL ADVISORY PANEL. THIS WAS A VERY ROBUST COMMUNITY ENGAGEMENT PROCESS, BRINGING KIDS TOGETHER, STAKEHOLDERS FROM ALL ACROSS THE COMMUNITY TO LOOK AT THE OPPORTUNITY FOR FUNDING AND CAP FOR LOWERING AND CAPPING I 35. WE THINK THIS IS A TREMENDOUS OPPORTUNITY, AGAIN, TO RECONNECT OUR COMMUNITY AS WELL AS PRIME THE PUMP FOR ADDITIONAL INVESTMENT. YOU KNOW, I CAN TELL YOU I'VE BEEN INVOLVED IN PUBLIC-PRIVATE PARTNERSHIPS THROUGHOUT MY ENTIRE CAREER. I JUST RETURNED FROM ONE OF THE LARGEST REAL ESTATE CONVENTIONS IN THE COUNTRY WHERE CITIES, MUNICIPALITIES, STATES WERE ALL SAYING, WE ARE OPEN FOR BUSINESS. I CAN TELL YOU THAT THERE WAS RESOUNDING SUPPORT AND EXCITEMENT ABOUT AUSTIN. EVERY SINGLE ENCOUNTER THAT I HAD WITH INVESTORS, PEOPLE WOULD SAY TO ME, DAVON, WHAT AN INCREDIBLE MARKET. SO TO THINK ABOUT WHAT THIS PROJECT CAN DO TO BRING ADDITIONAL INVESTMENT IN OUR COMMUNITY IS TOP OF MIND AND IMPORTANT. WHEN YOU THINK ABOUT THE CAPS ITSELF, YOU KNOW, DOWNTOWN IS AN IMPORTANT, UH, ECONOMIC GENERATOR FOR OUR COMMUNITY. YOU KNOW, THERE ARE ONLY OVER, UH, OVER, UH, 15,000 RESIDENTS WITHIN DOWNTOWN WHERE THE HEARTBEAT, THE JOB CENTER WITHIN OUR CORE, WE'RE A SMALL BUT MIGHTY PIECE OF GEOGRAPHY WHEN IT COMES TO THE COMMUNITY. IN TERMS OF CITY LAND USE, AGAIN, WE REPRESENT JUST 0.5% OF THE CITY'S LANDMASS, YET WE GENERATE OVER, WE GENERATE 10% OF THE CITY'S ASSESSED PROPERTY VALUE THAT IS SIGNIFICANT. AGAIN, THAT'S PRETTY CONSISTENT IN OTHER COMMUNITIES AS WELL. WE KNOW THAT DOWNTOWNS ARE THE HEARTBEAT AND THE ECONOMIC CENTER OF OUR COMMUNITY. SO BEFORE US, THIS IS AN OPPORTUNITY, AGAIN, TO ATTRACT ADDITIONAL INVESTMENT WITHIN OUR CORE. IF WE DO NOT ACT NOW, WE WILL LOSE THIS OPPORTUNITY. UH, WE CERTAINLY APPRECIATE THE, THE FINANCIAL ANALYSIS PERFORMED BY THE CITY, CITY STAFF, UH, ASSISTANT CITY MANAGER, MIKE ROGER, BRINGING US ALL TOGETHER AS WELL TO LOOK AT OPPORTUNITIES FOR THE PUBLIC SECTOR, FOR PHILANTHROPY TO ALL JOINING TO THIS EFFORT, WE'VE PROVIDED TO YOU A REPORT WHICH WE BELIEVE PROVIDES ADDITIONAL, UH, INFORMATION AND INSIGHT TO YOU TO HELP YOU WITH THIS IMPORTANT DECISION. AND SO I BELIEVE AT THE END OF THIS PROCESS, WE'LL HAVE A GREATER [00:10:01] UNDERSTANDING OF THE OPPORTUNITIES THAT LIE AHEAD OF US. MAKE NO MISTAKE, WE UNDERSTAND WE'RE THINKING EVERY SINGLE DAY ABOUT IT, FILLING RETAIL VACANCIES WITHIN DOWNTOWN, ATTRACTING ADDITIONAL ATTENDANCE INTO THE CITY. WE NEED, WE MUST STRENGTHEN THE TAX BASE IN THE CITY. THAT'S WHAT THIS PROJECT IS ABOUT. AGAIN, PRIMING THE PUMP, ATTRACTING ADDITIONAL INVESTMENT TO OUR CORE. AND SO WITH THAT, I WOULD LIKE TO PASS THE BATON TO OUR CONSULTANT, THOMAS SIMPSON OF HRA ASSOCIATES. UH, HRNA IS A, A RENOWNED REAL ESTATE AND ADVISORY FIRM. THEY'RE GONNA WALK YOU THROUGH SOME OF THE, THE KEY POINTS IN OUR RESEARCH AND TO ASSIST YOU IN YOUR DECISION TODAY. AND SO WITH THAT, I'M GONNA PASS THE BATON TO, UH, TO OUR CONSULTANT. THANKS DAVON. AND, UH, THANK YOU ALL FOR THE OPPORTUNITY TO SPEAK WITH YOU TODAY AND, AND SHARE SOME OF OUR RESEARCH AND ANALYSIS. UM, AS DAVEON SAY, YOU KNOW, WE, UM, UH, THE WORK THAT YOU'LL SEE TODAY IS, IS, IS NOT NECESSARILY A, A RESPONSE TO ANYTHING THAT, UM, YOU ALL HAVE SEEN SO FAR, BUT IS INTENDED TO BRING, UM, HOPEFULLY SOME NEW DATA AND NEW PERSPECTIVES TO LIGHT, UM, THAT WILL HELP YOU, UM, AND BE HOPEFULLY BE INFORMATIVE AND USEFUL TO YOU IN THE DECISIONS THAT YOU'VE GOT IN FRONT OF YOU. SO, UM, WHAT WE STUDIED HERE WAS REALLY FOCUSED AROUND, UH, TWO QUESTIONS. WHAT ARE SOME OF THE ECONOMIC AND FISCAL BENEFITS, UM, IN TERMS OF HOW THE PROJECTS SUPPORTS LONG-TERM ECONOMIC DEVELOPMENT THAT AUSTIN COULD EXPECT FROM THE OUR FUTURE 35 CAP AND STITCH PROGRAM? UH, AND ALSO LOOKING AT SOME PRECEDENTS AND CASE STUDIES, UM, BOTH FOR THE TYPES OF IMPACTS, UM, THAT THEY'VE PRODUCED. AND ALSO, UM, YOU KNOW, LOOKING AT HOW SOME OF THOSE, UH, PROJECTS WERE FUNDED AND THE ROLES THAT, UM, THAT RESPECTIVE CITIES PLAYED IN THOSE PROJECTS. UM, I WANTED TO START WITH A FEW OF OUR KEY TAKEAWAYS BEFORE WE GET INTO SOME OF THE MORE DETAILED ANALYSIS. UH, FIRST, YOU KNOW, PUBLIC SPACE, AND ESPECIALLY WHEN WE TALK ABOUT THESE SORT OF SIGNATURE, HIGHLY PROGRAMMED PUBLIC SPACES GENERATE LOCALIZED REAL ESTATE VALUE, BUT THEY ALSO HAVE SHORT AND LONG-TERM RIPPLE EFFECTS THAT EXTEND WELL BEYOND, UM, THE BOUNDARIES OF THOSE IMPACTS THAT WE SEE, UM, SORT OF DIRECTLY IN, IN, IN SURROUNDING REAL ESTATE INVESTMENTS OF THIS MAGNITUDE ARE ALMOST ALWAYS PARTNERSHIPS AND THEY'RE FREQUENTLY SEEDED BY, UH, CITY GOVERNMENT BEFORE, UM, YOU KNOW, AS A, AS A, AS DAVON SAID, PRIMING THE PUMP BEFORE OTHER PARTIES COME IN AND, AND, AND MAKE THEIR CONTRIBUTIONS. THESE ARE GENERALLY LONG TERM PROJECTS, BOTH IN TERMS OF WHAT IT TAKES TO DELIVER THEM, UH, AND ALSO, UM, YOU KNOW, THE BENEFITS ACCRUE OVER THE COURSE OF THE LONG TERM. UM, AND I THINK, YOU KNOW, ONE OF THE THINGS THAT WE, UM, REALLY SORT OF KEYED IN ON, IN, IN OUR RESEARCH AND ANALYSIS HERE WAS LOOKING AT THE WAY IN WHICH, UM, INVESTMENTS IN THE CAP REALLY, I THINK, UM, ARE A COMPLIMENTARY PIECE OF A BROADER PROGRAM OF PUBLIC PRIVATE PRO DEVELOPMENT PROJECTS HAPPENING IN THIS PART OF THE CITY. UM, AND THAT, YOU KNOW, WITH A COMPLIMENTARY DESIGN AND, AND PROGRAMMING FOCUS, THOSE CAN ALL AMPLIFY THE IMPACTS OF EACH OTHER. UM, SO I'LL GO THROUGH THIS, YOU KNOW, RELATIVELY QUICKLY, UH, AS WE KNOW, UM, THE PROGRAM, UH, OUR, THE CABIN STITCH PROGRAM PROPOSES A SERIES OF PUBLIC SPACES, UM, SPREAD ALONG, UM, I 35 AS PART OF THE CAPITAL EXPRESS CENTRAL PROJECT. UM, AND THAT YOU ALL HAVE, UM, YOU KNOW, SOME DECISIONS IN FRONT OF YOU ON WHICH OF THE ROADWAY ELEMENTS, UM, UH, YOU PLAN TO FUND. AND WE RECOGNIZE THAT, YOU KNOW, THIS DECISION COMES AT A, AT AN UNCERTAIN TIME WHEN FEDERAL FUNDING MAY BE UNRELIABLE. CITIES, UH, ACROSS TEXAS ARE FACING BUDGET SHORTFALLS. UM, AND THAT, YOU KNOW, THERE'S, UM, ADDITIONAL LEGISLATION, SOME OF WHICH IS BEING, UM, CONSIDERED, YOU KNOW, AS WE SPEAK, THAT, UM, YOU KNOW, IS GONNA CONTINUE TO INFLUENCE SOME OF THESE DECISIONS AS WELL. UH, BUT SORT OF BROADLY SPEAKING, UM, THERE'S EVIDENCE ACROSS THE COUNTRY THAT, YOU KNOW, I THINK IS WELL DOCUMENTED ON HOW ACTIVE PROGRAMMED SIGNATURE PUBLIC SPACES AND HIGHWAY CAPS IN PARTICULAR HAVE A PROVEN RETURN ON INVESTMENT. AND I WANT TO CALL OUT, YOU KNOW, WE'RE GONNA TALK A LITTLE BIT MORE SPECIFICALLY ABOUT REAL ESTATE VALUE TODAY, BUT THAT'S REALLY JUST ONE COG IN THAT SORT OF ECONOMIC DEVELOPMENT WHEEL HERE. UM, THAT IS A REFLECTION OF THE, YOU KNOW, QUALITY OF LIFE THAT THESE CAPS CAN SUPPORT, AND THE DEMAND THAT THAT CREATES FOR PEOPLE TO, YOU KNOW, WANNA, UM, BE IN THAT PLACE. AND I THINK, YOU KNOW, THE OUTPUT THAT YOU SEE FROM THIS GRAPHIC IS THIS, UM, YOU KNOW, IT'S GOT ENHANCED QUALITY OF LIFE AT THE CENTER AND INCREASED REGIONAL COMPETITIVENESS ON THE RIGHT. UM, NOT ALL OF THOSE THINGS, YOU KNOW, SORT OF CAN BE DIRECTLY QUANTIFIED OR, OR, OR CAPTURED AS PART OF, UH, A PROJECT LIKE THIS. BUT I THINK IT'S IMPORTANT TO RECOGNIZE THE WAY IN WHICH THESE TYPES OF INVESTMENTS CAN, CAN, [00:15:01] UH, POSITION A CITY OR A REGION FOR LONG-TERM SUCCESS. SO, GETTING INTO SOME OF THE SPECIFICS, WE LOOKED AT A FEW DIFFERENT, UM, PRECEDENT PROJECTS HERE TO, UM, UM, LOOK AT SOME OF THE IMPACTS. UH, I KNOW WE'VE, I'M SURE YOU'VE HEARD A LOT ABOUT CLYDE WARREN PARK. WE ALSO WANTED TO TAKE A LOOK AT ROSE KENNEDY GREENWAY, AS I THINK IT'S A GOOD EXAMPLE OF WHERE A SERIES OF, UM, CAPS OVER, UM, YOU KNOW, IN A, OVER A, A A LINEAR PROJECT, UM, HAVE COME TO FRUITION. AND I THINK ONE OF THE THINGS TO, UH, LOOK AT HERE IS JUST THE, YOU KNOW, THESE ARE LONG TERM PROJECTS, RIGHT? THAT TAKE, UH, A LONG TIME TO COME TO FRUITION. HERE'S A, A VISUAL OF, OF THAT PLAYING OUT, UM, CONNECTING DOWNTOWN BOSTON TO, UM, IT'S WATERFRONT. AND IN TERMS OF SOME OF THE IMPACTS THAT HAVE BEEN MEASURED FROM THAT PROJECT, UH, WITHIN A QUARTER MILE OF THE ROSE KENNEDY GREENWAY, THEY'VE EXPERIENCED ALMOST DOUBLE THE GROWTH, UM, IN RESIDENTIAL DEVELOPMENT, UM, AS DOWNTOWN BOSTON AS A WHOLE. UH, SINCE THE OPENING OF THE GREENWAY, UM, THE OAK AREAS SURROUNDING THE GREENWAY HAVE ENJOYED, UH, OVER 10%, UM, OFFICE RENT PREMIUM. SO, YOU KNOW, A, A REFLECTION OF THE DEMAND FOR TENANTS TO BE IN PROXIMITY TO THE GREENWAY. AND I THINK THE LAST PIECE HERE IS INTERESTING. DURING THE CONSTRUCTION OF THE GREENWAY ITSELF, AFTER THE BIG DIG HAD ALREADY, UM, BEEN COMPLETED, YOU COULD SEE SORT OF THE REAL ESTATE VALUE AND INCREMENTAL PROPERTY TAX THAT WAS BEING GENERATED FROM IT ALREADY OCCURRING BEFORE THE PARK ITSELF OPENED AS PROPERTY OWNERS SORT OF PREPARED TO, UM, RESPOND TO THE DEMAND GENERATED BY THE PARK. UM, AND ALTHOUGH THERE WAS NOT VERY MUCH, UH, IN TERMS OF DEVELOPABLE LAND AROUND THE GREENWAY, UM, THERE'S SOME OF THE KEY PROJECTS HIGHLIGHTED HERE THAT, UM, ARE WITHIN THAT QUARTER MILE OF THE GREENWAY AND REFLECT, UM, YOU KNOW, A RESPONSE TO, ITS, ITS DEVELOPMENT IN TERMS OF, UM, UH, NEW COMMERCIAL DEVELOPMENT AROUND IT. UM, THE GREENWAY HAS ALSO DRIVEN VISITATION AND THOSE VISITORS, UM, SPEND MONEY IN, IN, UM, DOWNTOWN BOSTON AND ALSO AT THE, UM, UH, PARK OPERATIONS THERE. AND, UH, THOSE GO TO SUPPORT THE OPERATIONS AND MAINTENANCE AS WELL AS, UH, A BUSINESS IMPROVEMENT DISTRICT ASSESSMENT THAT, THAT COVERS A PORTION OF THOSE OPERATING EXPENSES OF THE PARK. SO, YOU KNOW, UM, SOME, SOME WAYS IN WHICH THE PARK SUPPORTS ITS OWN OPERATION. AND I THINK THIS SLIDE IS IMPORTANT, UM, AS WELL AS IT SPEAKS TO, AGAIN, YOU KNOW, WE'VE MADE AN EFFORT TO QUANTIFY, UH, AS MANY OF THE BENEFITS AS, YOU KNOW, AS WE'RE ABLE WHEN THINKING ABOUT THESE PROJECTS. UH, BUT OF COURSE, THEY ARE ALSO IN SUPPORT OF THESE, UM, A A MYRIAD OF OTHER FACTORS THAT AREN'T REP REFLECTED IN REAL ESTATE VALUE DIRECTLY, WHICH ARE THE WAYS IN WHICH THE COMMUNITY IS INVITED TO TO USE THE PUBLIC SPACE. UM, YOU KNOW, THESE, UM, PUBLIC SPACES CAN BECOME PLATFORMS FOR SMALL BUSINESS AND ENTREPRENEURSHIP. AND I THINK ALSO CRITICALLY, YOU KNOW, THIS LAST PIECE AROUND THE VOLUNTEER HOURS, UM, BROUGHT HERE, YOU KNOW, THERE ARE POINTS OF, UM, CIVIC ENGAGEMENT AND CIVIC PRIDE WHEN WE LOOK AT HOW THESE SPACES, UM, HAVE BEEN FUNDED. I'M GONNA GO BACK AND LOOK AT, AT CLYDE WARREN PARK HERE IS, I THINK, YOU KNOW, THERE'S SOME WAYS IN WHICH THE, THE, THE TEXAS CONTEXT IS, IS USEFUL. UM, I THINK ONE OF THE, THE KEY POINTS TO MAKE HERE IS THE, THE PUBLIC FUNDING HERE, WHICH INCLUDED CITY FUNDING, FEDERAL FUNDING. ONE CLARIFICATION I'LL MAKE IS THE STATE FUNDING HERE REALLY IS MORE OF A PASS THROUGH, UH, A STATE ALLOCATION OF FEDERAL FUNDING AS OPPOSED TO DIRECT FUNDING FROM THE STATE. UM, BUT THERE'S A PRETTY EVEN SPLIT HERE BETWEEN WHAT WAS BEING USED TO FUND THE DECK INFRASTRUCTURE, WHICH WAS COMING FROM THE PUBLIC SECTOR AND THE PARK AMENITIES ON TOP, WHICH WAS COMING FROM THE PRIVATE SECTOR. AND IN THIS CASE, SORT OF THE PRIVATE SECTOR WAS A, A, A, A DRIVING FACTOR IN SORT OF PITCHING THE IDEA AND BRINGING THE IDEA FORWARD. BUT, UM, THERE WAS AN INFLECTION POINT AT WHICH, UH, MAYOR LAURA MILLER IN DALLAS SAID, YOU KNOW, WE'RE GONNA PUT SOME BOND MONEY TOWARDS THIS, ASSUMING THAT, UM, THE PRIVATE SECTOR CAN COME OUT AND, AND MATCH IT TO MOVE THINGS FORWARD. SO I THINK A GOOD EXAMPLE OF SORT OF A, A SEQUENCE OF EVENTS FOR HOW THE PUBLIC AND PRIVATE SECTOR, IN THE CASE OF CLYDE WARREN PARK WORK TOGETHER TO, TO MOVE IT FORWARD. UM, I THINK ANOTHER PIECE WE WANTED TO CALL OUT HERE IS THAT, YOU KNOW, BASED ON THE SUCCESS OF CLYDE WARREN, THEY'VE BEEN PUSHING FOR, UM, AND PUTTING TOGETHER THE, EXCUSE ME, FUNDING FOR AN EXTENSION OF THE, OF THE PARK, UM, WITH A SIMILAR SORT OF SPLIT BETWEEN PUBLIC FUNDING FOR DECK INFRASTRUCTURE AND PRIVATE FUNDING FOR THE PARK AMENITIES. AND I THINK, UM, YOU KNOW, SORT OF REFLECTED IN THIS AS WELL AS THE ONGOING, UM, UH, AMENDMENT AND, UM, APPROVAL OF THE PUBLIC IMPROVEMENT DISTRICT THERE, WHICH HELPS FUND THE OPERATIONS AND IS LAYERED ON TOP OF TWO OTHER PUBLIC IMPROVEMENT DISTRICT ASSESSMENTS. SO ALL OF THE PROPERTY OWNERS [00:20:01] WITHIN, UM, UH, THE CLYDE WARREN PARK PIT HAVE SAID, YOU KNOW WHAT, WE'LL ACTUALLY ACCEPT DOUBLE SPECIAL ASSESSMENTS ON US BECAUSE WE SEE THE VALUE IN THE PARK. SO THOSE REAL ESTATE INTERESTS AROUND IT, UM, ARE CERTAINLY RESPONSIVE TO THE BENEFIT THAT THE CLYDE WARREN HAS CREATED. SO, AS A SUMMARY OF THOSE, THE HIGHWAY CAP PROJECTS, YOU KNOW, IN OUR, UM, UH, AS IT SHOULD COME AS NO SURPRISE GENERALLY REQUIRE A MIX OF PUBLIC AND PRIVATE FUNDING VALUE CAPTURE TOOLS ARE IMPORTANT COMPONENTS OF HOW THESE PARKS HAVE BEEN FINANCED AND OPERATED AND MAINTAINED, UM, NEARBY LANDOWNERS AND BUSINESSES. IN ADDITION TO SORT OF MORE BROADLY, UM, CORPORATE PHILANTHROPY AND, AND PRIVATE PHILANTHROPY HAVE BEEN WILLING TO SUPPORT CAP PROJECTS, UM, BECAUSE THEY SEE THE ECONOMIC BENEFITS AND OFTEN PUBLIC FUNDING HAS ACTED AS SORT OF A, A, A SEED, UM, TO WHICH, UH, PHILANTHROPY AND PRIVATE FUNDING HAVE RESPONDED. SO WHAT DOES THIS MEAN FOR THE, UM, OPPORTUNITY IN IN FRONT OF AUSTIN? UM, WE, UH, HAVE DUG INTO SOME OF THE DATA HERE TO TRY AND EXPLORE WHAT THAT POTENTIAL IS. UM, AND I'M GONNA START WITH THIS SLIDE, WHICH, UH, LOOKS AT, UM, TRYING TO COMPARE WHAT IT WOULD COST TO ACQUIRE A COMPARABLE AMOUNT OF LAND, UH, OR OF PROPERTY, I SHOULD SAY, WITHIN DOWNTOWN AUSTIN, UH, VERSUS CONSTRUCTING NEW LAND VIA THE CAPS. UM, AND SO I'M GONNA DESCRIBE WHAT'S IN EACH OF THESE NUMBERS. THE PROPERTY VALUE PER LAND SQUARE FOOT HERE IS NOT LOOKING JUST AT WHAT THE VALUE OF, UM, UNDEVELOPED REAL ESTATE IS DOWNTOWN. THIS IS LOOKING AT WHAT AN AVERAGE OF REAL ESTATE ACROSS DOWNTOWN, INCLUDING THE IMPROVEMENTS ARE. I THINK THE THOUGHT BEHIND THAT IS, YOU KNOW, UM, WE'RE NOT GONNA EXCLUSIVELY BE ABLE TO FIND CONTIGUOUS ACREAGE THAT, UM, IS AT THE LOWEST ASSESSED VALUE AND CURRENTLY, UH, UNDEVELOPED. I THINK A, A MORE APPLES TO APPLES COMPARISON HERE IS LOOKING AT WHAT IS THE AVERAGE COST OF TERRA FIRMA VERSUS, UM, THE CONSTRUCTION OF A NEW CAP. UM, SO YOU CAN SEE THAT FIGURE NEXT TO THE COST OF THE, THE STRUCTURES FIGURE HERE. UNDER CAP COST IS FOR THE ROADWAY ELEMENTS AND THE DECK INFRASTRUCTURE. I THINK IT'S ALSO IMPORTANT THAT WE CONSIDER THE SORT OF ONGOING COSTS BOTH ON WHAT IT WOULD MEAN TO SORT OF, WHAT'S THE OPPORTUNITY COST OF USING DOWNTOWN REAL ESTATE FOR THIS TYPE OF PUBLIC OPEN SPACE VERSUS, UM, THE, THE, THE CREATING NEW REAL ESTATE VIA THE CAP. UH, IN THIS CASE, I THINK THERE'S BOTH THE COST OF OPERATING AND MAINTAINING THE STRUCTURES, WHICH YOU'LL SEE IN THE COLUMN TO THE RIGHT, BUT ALSO WE HAVE TO FACTOR IN THE COST OF FOREGONE PROPERTY TAX REVENUE. SO THIS IS, AGAIN, USING THAT SORT OF AVERAGE PROPERTY VALUE ACROSS, UM, DOWNTOWN TO LOOK AT WHAT A, FOR THE FOREGONE PROPERTY TAX WOULD BE. WE THEN TOOK A 30 YEAR NET PRESENT VALUE OF THOSE FOREGONE PROPERTY TAXES AND COSTS TO OPERATE, UM, AND MAINTAIN THE CAP STRUCTURE. AND, AND THAT'S THAT BOTTOM LINE FIGURE IS THOSE TWO ADDED UP, UM, NOT CAPTURED IN THIS, UH, EQUATION IS THE COST OF CONSTRUCTING AND OPERATING PARK AMENITIES, EITHER IN DOWNTOWN OR THE CAPS. AS YOU KNOW, THERE IS A, IF WE WERE TO THINK ABOUT BUILDING SOMETHING SIMILAR TO THE CAPS ON TERRA FIRMA, THERE WOULD ALSO BE THAT ONGOING O AND M COST AND THE COST TO ADD THE PARK AMENITIES. UM, AND SO, YOU KNOW, THOSE COSTS MAY NOT BE EXACTLY EQUAL ON EITHER SIDE OF THE EQUATION HERE, BUT WOULD HAVE TO BE ACCOUNTED FOR. I NOW WANNA TALK A LITTLE BIT ABOUT, UM, SOME ANALYSIS ON THE REAL ESTATE DEVELOPMENT POTENTIAL AND, UM, WHAT THAT COULD MEAN FOR THE CITY HERE. AND I WANNA JUST START BY LAYING OUT A LITTLE BIT WHAT THE NEXT FEW SLIDES CAPTURE AND WHAT THEY DON'T CAPTURE. SO REALLY THE FOCUS OF OUR STUDY WAS TO LOOK AT THE MAGNITUDE OF POTENTIAL DEVELOPMENT VALUE THAT THE CAPS COULD HELP UNLOCK. UM, THIS IS NOT A PARCEL BY PARCEL ANALYSIS OF DEVELOPMENT CAPACITY, AND IT DOES NOT ATTEMPT TO ISOLATE THE NET NEW PHYSICAL OR NET NEW FISCAL IMPACTS ATTRIBUTABLE TO THE CAPS VERSUS OTHER DOWNTOWN CATALYSTS OR TO CONDUCT A VALUE CAPTURE ANALYSIS, RIGHT? SO, YOU KNOW, UH, AS FOR INSTANCE, WITHIN THIS, THIS DOES NOT EXTRACT PARCELS THAT ARE WITHIN, UM, THE WALLER CREEK TURS, UM, FROM THE ANALYSIS. I THINK IN PART BECAUSE OUR THOUGHT PROCESS IS THE IMPACTS OF THE CAP, UH, IF THAT CREATES MORE VALUE THAT CAN FLOW INTO THE WALLER CREEK TURS, THAT SHOULDN'T BE COUNTED AGAINST THE CAPS. THAT'S A, THAT IS ALSO PART OF A BENEFIT OF THE CAPS. SO, UM, FOR THIS ANALYSIS, WE LOOKED AT, UM, LAND WITHIN A QUARTER MILE OF THE DOWNTOWN CAPS, AND YOU CAN SEE THE NUMBERS THAT YOU'RE GONNA SEE ARE FOR EXCLUSIVELY ON THE WEST SIDE OF 35. WE DIDN'T CONSIDER THE, [00:25:01] UM, LAND ON THE EAST SIDE OF 35 AS PART OF THIS ANALYSIS. AND I THINK, I MEAN, THIS SLIDE ALONE STARTS TO, I THINK, ILLUSTRATE WHAT SOME OF THE POTENTIAL, THE DEVELOPMENT POTENTIAL IS FOR THIS, UM, AREA ALONG THE CAPS WHERE, UM, YOU CAN SEE THESE FLORIDA AREA RATIOS, UH, LOOKING AT DOWNTOWN AUSTIN AS A WHOLE, UM, MORE RECENT DEVELOPMENT IN DOWNTOWN AUSTIN, AND THEN, UH, THE AREA JUST ISOLATED TO WITHIN A QUARTER MILE OF THE CAPS. AND, YOU KNOW, IT'S LESS THAN, OR IT'S APPROXIMATELY HALF OF WHAT THE FLORIDA AREA RATIO IS ACROSS DOWNTOWN AS A WHOLE AND ABOUT, UH, A FIFTH OF WHAT, UH, YOU SEE IN AS AN AVERAGE OF RECENT DEVELOPMENT IN THE LAST DECADE. UM, SO I THINK IT SHOWS REALLY THE, THE, THE CEILING OR, YOU KNOW, THE, THE OPPORTUNITY THAT, THAT, UM, THIS PART OF TOWN HAS. AND I THINK THIS VISUAL ACCENTUATES IT WHEN YOU LOOK AT, UM, THE LEVEL OF DENSITY, UH, IN AND AROUND THIS PART OF, UM, EAST DOWNTOWN RELATIVE TO DOWNTOWN AS A WHOLE. SO OUR ANALYSIS, UM, UNCOVERED AROUND 60 ACRES OF UNDEVELOPED OR UNDERDEVELOPED LAND WITHIN A QUARTER MILE OF THE CAPS. UM, AND, UH, LIKE I SAID, THIS, YOU KNOW, WE USED, UM, SOME, UM, SOME CRITERIA BY WHICH WE ISOLATED THESE OPPORTUNITIES LOOKING AT EITHER LAND THAT CURRENTLY DID NOT HAVE AN IMPROVEMENT ON IT, OR LAND THAT HAD, UM, WHERE THE IMPROVEMENT VALUE WAS, UM, AT A CERTAIN RATIO RELATIVE TO THE LAND VALUE. SO WHERE LAND WAS SIGNIFICANTLY MORE VALUABLE THAN THE IMPROVEMENT, UM, THAT WAS SORT OF FLAGGED AS A POTENTIAL REDEVELOPMENT OPPORTUNITY. AND THEN WE LOOKED AT, TOOK THOSE NUMBERS FOR WHAT THE EXISTING DEVELOPMENT TRENDS WERE IN DOWNTOWN AND SAID, LET'S ASSUME THE AREAS AROUND THE CAP WERE DEVELOPED AT JUST THE PREVAILING DENSE DENSITY OF DOWNTOWN AS A WHOLE. WHAT WOULD THAT GENERATE? UH, AND THEN WHAT IF WE WERE TO LOOK AT IT RELATIVE TO THE DENSITY OF PREVAILING DEVELOPMENT IN THE LAST 15 YEARS AND THEN THE LAST 10 YEARS. AND THOSE ARE THOSE CONSERVATIVE, MODERATE, AND OPTIMISTIC COLUMNS HERE. AND WHILE IT PRESENTS A A BROAD RANGE, I THINK IT STARTS TO ILLUSTRATE THE MAGNITUDE OF THE DEVELOPMENT OPPORTUNITY THAT EXISTS IN THIS PART OF DOWNTOWN. THE OTHER WAY IN WHICH, UM, YOU KNOW, CAT PARKS HAVE BEEN SHOWN TO GENERATE VALUE IS THROUGH, UH, PREMIUMS, UH, PREMIUM VALUES ON REAL ESTATE WITHIN A CERTAIN DISTANCE OF THE CAP. UM, AGAIN, WE LOOKED AT A CONSERVATIVE, MODERATE AND OPTIMISTIC SCENARIO HERE BASED ON, UM, OUR VIEW OF LITERATURE AND SOME ANALYSIS OF PRECEDENT PROJECTS, AND SHOULD A RANGE OF 5% TO 12%, IF WE APPLY THAT TO EXISTING PRIVATELY OWNED AND IMPROVED THE LAND, THAT THAT IS NOT BEING FACTORED INTO THAT REDEVELOPMENT FIGURE. UM, YOU KNOW, WE THINK AS, AS A ONE-TIME BENEFIT JUST OF A PREMIUM TO THAT REAL ESTATE, YOU COULD IMAGINE, UM, YOU COULD CONCEIVE SOMETHING BETWEEN 150 AND $370 MILLION IN PREMIUM JUST AS A RESULT OF THE, UM, RESPONSE IN VALUE TO THE CAPS. SO WHEN WE THINK ABOUT THE FISCAL IMPACT OF THAT, IF WE STACK THOSE ON TOP OF EACH OTHER, AND THIS IS, YOU KNOW, AT A, AT A FULL BUILD OUT SCENARIO, RIGHT, OF THOSE, UM, WE COULD EXPECT THAT TO GENERATE BETWEEN 12 AND A HALF TO AROUND $40 MILLION PER YEAR. NOW, I THINK AN IMPORTANT CAVEAT TO PUT ON THIS IS, AGAIN, THIS IS ASSUMING A FULL BUILD OUT, RIGHT? AND IT'S GONNA TAKE, IT WOULD TAKE A NUMBER OF YEARS FOR ALL THAT DEVELOPMENT TO OCCUR. UM, YOU WOULDN'T BE SEEING THESE FISCAL REVENUES IN YEAR ONE. AND OF COURSE, LIKE I SAID, THIS DOESN'T ACCOUNT FOR, UM, SOME OF THE OTHER, UM, UM, YOU KNOW, THINGS LIKE THE WALL CREEK TOUR THAT WOULD BE CAPTURING SOME OF THIS. BUT THIS IS A GROSS FIGURE OF WHAT THE FISCAL IMPACT COULD BE AT A FULL, AT A FULL BUILD OUT. UM, AND OF COURSE, THOSE, UM, PUBLIC BENEFITS ACCRUE TO THE OTHER PUBLIC, UH, AGENCIES IN, UM, IN AUSTIN AND IN TRAVIS COUNTY, AND, AND THEY COULD EXPECT, UM, UH, A PROPORTIONAL, UM, TAX BENEFIT. WE ALSO THINK THAT OUR, THE CABIN STITCH PROGRAM CAN COMPLEMENT AND AMPLIFY INVESTMENTS LIKE THE WATERLOO GREENWAY, THE AUSTIN CONVENTION CENTER, AND, YOU KNOW, THERE'S A PROVEN IMPACTS ACROSS THE COUNTRY FOR THE WAY IN WHICH THESE TYPES OF INVESTMENTS, UM, ATTRACT MORE TOURISTS, ENCOURAGE VISITORS TO STAY LONGER FROM BOTH INSIDE THE REGION AND OUTSIDE THE REGION. UM, AND, YOU KNOW, BRING, BRING THOSE DOLLARS TO BEAR, WHICH ARE GONNA GENERATE SALES TAX REVENUE, HOTEL OCCUPANCY, TAX REVENUE, ET CETERA. AND THAT THESE PROJECTS, UM, HAVE OTHER DIRECT, INDIRECT AND INDUCED IMPACTS, BOTH FROM THE ACTUAL CONSTRUCTION OF THE PROJECT AND THE WAY IN WHICH THAT HAS RIPPLE EFFECTS THROUGH THE ECONOMY. BUSINESSES THAT ARE, YOU KNOW, EARN CONTRACTS TO DO THE CONSTRUCTION, THEN GO INVEST IN OTHER THINGS. [00:30:01] AND WORKERS WHO ARE PAID TO DO THE, YOU KNOW, WHO ARE INVOLVED IN CONSTRUCTION OR OPERATING SOME OF THE FACILITIES WHO HAVE NEW WAGES CAN GO SPEND THAT IN THE ECONOMY, AND IT HAS A RIPPLE EFFECT. AND OF COURSE, THERE'S AN OPPORTUNITY TO INTENTIONALLY, UH, PLAN AND DESIGN AN INCLUSIVE PROJECT THAT, YOU KNOW, I THINK THERE'S A QUESTION AHEAD OF US AS WE MOVE FORWARD FOR THINKING ABOUT HOW IS THAT DEVELOPMENT VALUE, UM, HOW ARE WE PUTTING POLICIES IN PLACE WHERE THAT DEVELOPMENT OPPORTUNITY IS BEING LEVERAGED TO GENERATE OR TO, UM, MEET OTHER PUBLIC POLICY GOALS THAT WE HAVE, WHETHER IT'S AROUND AFFORDABILITY, UM, OR AROUND PRESERVATION. UM, THERE'S WEALTH BUILDING OPPORTUNITIES THROUGH THIS PROJECT, UM, AND ALSO, UM, THE OPPORTUNITY TO CREATE A, UH, UH, AN INCLUSIVE AND WELCOMING SPACE FOR, FOR ALL IN AUSTIN. AND WE THINK THAT THIS TRANSLATES TO THE ABILITY TO RETAIN BUSINESSES AND TALENT, UM, HAS BEEN, HAS BEEN SHOWN ACROSS THE COUNTRY THAT, AGAIN, CREATING THAT QUALITY OF LIFE, UM, IS A WAY TO ATTRACT, UM, PEOPLE AND, AND, AND DEMAND IN THE REAL ESTATE VALUE. IT'S JUST A REFLECTION OF, OF PEOPLE WANTING TO, TO BE HERE AND, AND, UM, AND INVEST IN THE PLACE . SO, UM, TO, TO CLOSE, WE THINK THAT THE, OUR RESEARCH, UH, HAS SHOWN THAT, YOU KNOW, WE THINK OUR FUTURE 35 CAN BE A CENTERPIECE IN THIS LARGER PROGRAM OF PROJECTS IN EAST DOWNTOWN AND GENERATE SIGNIFICANT, UM, ECONOMIC, FISCAL AND SOCIAL BENEFITS. UH, AND WITH THAT, I'M GONNA PASS IT BACK TO DAVEON. THANK YOU, THOMAS. NOW, YOU KNOW, THOMAS WALKED THROUGH WHAT WE BELIEVE ARE THE ECONOMIC IMPACTS OF THIS PROJECT. AND AS A NEWCOMER TO THIS COMMUNITY, I HAD THE OPPORTUNITY TO VISIT CLY WARREN PARK MYSELF. I KNOW MANY OF YOU HAVE DONE SO AS WELL. AND WHEN I SAW LY WARREN PARK, I WAS AMAZED BY THE ENERGY THAT WAS THERE, THE AMOUNT OF DEVELOPMENT THAT WAS THERE, THE DIVERSITY OF PEOPLE, UH, ALL, ALL WEEKEND LONG. WHEN I SAW PEOPLE VISITING THE, THE PARK, YOU KNOW, BANK OF AMERICA RECENTLY, UH, BEING PART OF A NEW TOWER, UH, ADDITIONAL INVESTMENTS IN THAT COMMUNITY, I THINK THAT'S THE TYPE OF INVESTMENT THAT WE WANT TO SEE. YOU KNOW, THOMAS WALKED THROUGH SOME OF THE OTHER TANGIBLE BENEFITS. THIS IS ABOUT BUILDING QUALITY OF LIFE, MAKING AN ATTRACTIVE PLACE WHERE CONTINUED INVESTMENT TAKES PLACE, WHERE BUSINESSES WANT TO OPERATE. AGAIN, AS I SHARED WITH YOU THE PAST FEW DAYS, I WAS SITTING WITH INVESTORS WHO HAVE SAID, DAVON AUSTIN, WHAT AN INCREDIBLE MARKET. CERTAINLY, YOU KNOW, THE MARKET IS EXPERIENCING A MARKET CORRECTION. WE KNOW THAT PROPERTY, THERE'S A, UH, PROPERTY VALUES ARE BEING IMPACTED RIGHT NOW. THIS IS OUR OPPORTUNITY, AGAIN, TO PRIME THE PUMP, AND I CANNOT STRESS THAT ENOUGH. YOU KNOW, PUBLIC-PRIVATE PARTNERSHIPS LIKE THIS ALL ACROSS THE COUNTRY REQUIRE PUBLIC INVESTMENT, SEED CAPITAL TO GET PROJECTS MOVING ALONG. AND CERTAINLY YOUR DECISION ON THURSDAY IS NOT THE END. UM, WE HOPE THAT THIS WILL BE THE BEGINNING OF THAT PROCESS. THERE'S STILL A LOT MORE WORK TO DO. NUMBER ONE, WE NEED TO THINK ABOUT HOW DO WE ADVANCE A PART OR ADVANCE THIS MISSION IN PARTNERSHIP. AGAIN, LOOKING AT OPERATING STRUCTURES AS WELL. WE KNOW THAT WHEN PUBLIC, PUBLIC SECTOR, PRIVATE SECTOR WORKS TOGETHER, WE CAN GET THESE PROJECTS DONE. CERTAINLY WHEN WE THINK ABOUT MANAGEMENT OF THESE FACILITIES, THERE ARE EXISTING PRECEDENTS ALL ACROSS THE COUNTRY, EVEN WITHIN OUR COMMUNITY TODAY, YOU KNOW, DOWNTOWN AUSTIN ALLIANCE HAS LONG ENJOYED A PARTNERSHIP WITH THE CITY THROUGH OUR PARKS, LLC PROGRAMMING, REPUBLIC SQUARE OF THE WATERLOO GREENWAY, AS WELL AS SHOWED EXAMPLES OF BRINGING PRIVATE SECTOR AND PHILANTHROPY TO THE TABLE TO FUND THESE PROJECTS. AND SO WE'RE LOOKING FORWARD TO DOING THAT AS WELL TO LOOK AT OPERATIONAL STRUCTURES. WE ALSO NEED TO THINK ABOUT, AGAIN, HOW ARE WE ATTRACTING INVESTORS? I WOULD ASK US ALSO TO TAKE A LOOK AT A, TAKE AN EMBRACING APPROACH OF LOOKING AT EACH CAP TO CUSTOMIZE IT FOR THE SPECIFIC INTEREST OF INVESTORS ADJACENT TO THOSE CAPS. IT'S NOT A ONE SIZE FIT PONY. AGAIN, IT'S REALLY TARGETING INVESTMENT TO THOSE INDIVIDUALS INVESTORS. AND SO THIS IS A KEY MOMENT FOR US, AN OPPORTUNITY FOR US TO SHINE. UM, I CANNOT THANK TXDOT ENOUGH FOR THEIR, UH, WILLINGNESS, THEIR PARTNERSHIP, THEIR FLEXIBILITY, UM, AND ALLOWING US TO REALLY THINK CREATIVELY TO GET TO THE FINISH LINE. AND SO WE LOOK FORWARD TO WORKING WITH YOU ON THIS PROJECT. OUR STAFF REMAINS AVAILABLE TO ANSWER ANY QUESTIONS THAT YOU MAY HAVE. AND AGAIN, THANK YOU FOR THE ROBUST AND THOUGHTFUL CONVERSATION. THANK YOU VERY MUCH. UH, AND WE'LL PAUSE HERE TO TAKE ANY QUESTIONS FROM, UH, COUNCIL MEMBERS. COUNCIL MEMBER SIEGEL, THANK YOU, CHAIR, AND, UH, THANK YOU MR. BARBER AND MR. SIMPSON. UM, I DID HAVE A COUPLE QUESTIONS ABOUT THE PRESENTATION. I DON'T KNOW IF YOU'D LIKE THAT OR MR. SIMPSON. OKAY, WONDERFUL. UM, IF STAFF WOULDN'T MIND TURNING TO SLIDE 25, PLEASE. UM, THIS WAS THE SLIDE THAT KIND OF COMPARES. UM, I GUESS WHAT IT SEEMS TO SUGGEST IS THAT IT'S CHEAPER TO CREATE NEW REAL ESTATE VIA THE CAPS THAN IT IS TO BUY REAL ESTATE DOWNTOWN. IS THAT WHAT IT SHOWS MR. SIMPSON? UM, THAN IT IS TO PURCHASE A, UM, YES. THE, THE AVERAGE PROPERTY VALUE DOWNTOWN, WHICH INCLUDES BOTH LAND AND THE AVERAGE VALUE OF, UH, AN IMPROVEMENT [00:35:01] ON TOP OF THAT. OKAY. YEAH, I WANT TO KIND OF INTERROGATE THIS A LITTLE BIT BECAUSE THE NUMBER ON THE LEFT, 1297, UH, THAT INCLUDES FULL VALUE OF IMPROVEMENTS LIKE SKYSCRAPERS, CORRECT? UH, I THINK IN THIS CASE, YOU KNOW, IF WE'RE THINKING ABOUT THE AVERAGE FAR IN DOWNTOWN, THIS WOULD BE ABOUT A THREE FAR ON TOP OF THAT. UM, SO, UM, BUT INCLUDES THAT, THAT, THAT AVERAGE FULL DEVELOPED PROPERTIES, EITHER UNDEVELOPED PROPERTY AND, AND, UM, AND DENSER PROPERTY. YES. AND THE NUMBER ON THE RIGHT DOES NOT INCLUDE THE COST OF BUILDING THE CAPS, IS THAT CORRECT? THIS INCLUDES THE DECK STRUCTURE AND THE ROADWAY ELEMENTS, BUT NOT THE AMENITIES, NOT THE AMENITIES ON TOP. OKAY. OKAY. SO, UM, SO IF YOU WERE TO, I GUESS, INCLUDE THE FULL BUILD OUT, DO YOU KNOW WHAT THAT NUMBER WOULD BE FOR THE CAP COSTS? UH, I DON'T HAVE IT DIRECTLY IN FRONT OF ME. IT'S, IT'S SOMEWHAT CLOSER TO THE NUMBER THAT YOU SEE ON THE LEFT. UH, BUT I THINK ONE OF THE POINTS THAT WE WERE TRYING TO MAKE ON THIS SLIDE IS, YOU KNOW, ACQUIRING THE DOWNTOWN REAL ESTATE IS A PORTION OF WHAT THE COST WOULD BE TO DEVELOP SOMETHING SIMILAR TO THE CAPS. YOU WOULD ALSO HAVE THE CAPITAL COST OF BUILDING AMENITIES ONTO A A, A PARK ON TERRA FIRMA. ARE YOU AWARE THAT STAFF HAS TOLD US THAT, UM, THE COST TO OBTAIN A DOWNTOWN LOT ADJACENT TO THE DOWNTOWN CAPS IS ABOUT ONE THIRD OF THE PRICE TO BUILD THE ROADWAY ELEMENTS AND DECKS OF THE CAPS? I, I HAVE SEEN THAT FIGURE IN THE PRESENTATION THAT, UH, STAFF PROVIDED TO COUNSEL. OKAY. DO YOU DISAGREE WITH THAT ASSESSMENT? I DON'T KNOW THE ENTIRETY OF WHAT WENT INTO THAT FIGURE OR HOW EXACTLY IT WAS SOURCED. SO I, I, I DON'T TAKE A SPECIFIC DISPUTE WITH THE FIGURE THAT CAP, OR EXCUSE ME, THAT STAFF PROVIDED TO COUNSEL. I CAN ONLY SPEAK TO THE, UM, ANALYSIS THAT WE DID. OKAY. REALLY APPRECIATE THAT. AND JUST WANTED TO ACTUALLY TURN TO SLIDE 31, IF THAT'S OKAY, STEPH. UM, THIS IS KIND OF LOOKING AT THE, UM, POTENTIAL INCREASE IN PROPERTY APPRAISAL REVENUE. AND, UM, I GUESS I WANTED TO ASK IT, THIS ESTIMATES SOMEWHERE BETWEEN 12 AND 40 MILLION IN INCREASED REVENUE FOR THE CITY. ARE YOU AWARE THAT THE OM COSTS FOR FIVE CAPS WOULD BE IN THE, UM, BALLPARK OF $47 MILLION ANNUALLY? I'VE, I HAVE SEEN THE FIGURES THAT, UM, HAVE BEEN DEVELOPED AS PART OF THIS PROJECT. SO IT'S FAIR TO SAY THAT EVEN IF THE MOST OPTIMISTIC VISION IS REALIZED THAT THERE'S STILL A NET NEGATIVE, UM, IN TERMS OF JUST THE OPERATIONAL COSTS. IS THAT RIGHT? I'M NOT SURE THAT OUR POSITION WOULD BE IT. IT'S, UM, I GUESS IF THE EXPECTATION IS THAT THE PARK SHOULD BE FULLY FUNDED BY ANNUAL PROPERTY TAX REVENUE, THEN, THEN I THINK YES, THOSE, THAT FIGURE IS LOWER THAN THE OTHER. BUT, UM, IN OUR EXPERIENCE, YOU KNOW, THERE ARE OTHER BENEFITS THAT THESE TYPES OF SPACES ARE CREATING OUTSIDE OF PROPERTY TAX REVENUE AND ARE NOT NECESSARILY RELYING EXCLUSIVELY ON PROPERTY TAX REVENUE TO OFFSET O AND M COSTS. ARE YOU AWARE IF ANY ENTITY, INCLUDING DA, HAS OFFERED TO PAY FOR O AND M? I, I'M SURE, UH, COUNCIL MEMBER. I, I APPRECIATE THE, THE, THE QUESTION AGAIN, YOU KNOW, WHEN I TALKED ABOUT THE MOVING FORWARD AND NEXT STEPS, WE ABSOLUTELY NEED TO DEVELOP AN OPERATIONS AND MANAGEMENT PLAN FOR THIS. WHEN YOU LOOK AT OTHER, UH, CAPTAIN SIX PROJECTS, THERE HAVE BEEN ORGANIZATIONS, ENTITIES IN PLACE TO OVERSEE THE OPERATIONS. AND SO OUR THOUGHT IS THAT THERE WOULD NEED TO BE AN ORGAN, AN ENTITY IN PLACE THAT WOULD HELP FUNDRAISE OPERATE. UM, CERTAINLY A PROJECT LIKE OF THIS MAGNITUDE IS IMPORTANT. UM, WE LOOK AT SOME, SOME OF THE OTHER BENEFITS AS WELL AS TOM HAS OUTLINED. YOU KNOW, IT'S SIMPLY NOT ABOUT PROPERTY TAX VALUES AS WELL, BUT I THINK ABOUT ADDITIONAL SALES TAX REVENUE THAT COULD BE GENERATED, UH, UM, ADDITIONAL, UM, HOTEL OCCUPANCY, UH, REVENUE AS NEW DEVELOPMENT COMES ONLINE. SO IT'S VERY MUCH A HOLISTIC STRUCTURE. I THINK IT WOULD BE UNREALISTIC TO EXPECT THE CITY TO BEAR THE FULL COST OF, OF OPERATING A PARK LIKE THIS. AGAIN, WHEN YOU LOOK AT OTHER PROJECTS LIKE THIS ACROSS THE COUNTRY, IT'S REALLY BEEN A PARTNERSHIP, AGAIN, BRINGING PHILANTHROPY, PUBLIC SECTOR, PRIVATE SECTOR TO FUND THOSE, THOSE OPERATIONS. UH, THANK YOU MR. BARBER. I, WHILE YOU'RE UP HERE, IF I COULD JUST ASK YOU A QUESTION. I MEAN, WE'VE BEEN HEARING ABOUT THE POTENTIAL FOR PHILANTHROPY TO SUPPORT THIS PROJECT, AND MY UNDERSTANDING IS THE DAA HAS BEEN WORKING ON THIS PROJECT FOR SEVERAL YEARS, UM, THAT THE CAP PROJECT IN GENERAL, PEOPLE HAVE BEEN THINKING ABOUT IT FOR 10 YEARS PLUS, BUT SO FAR NO DONOR OR SPONSOR HAS COME FORWARD. UM, DO YOU HAVE ANY ANALYSIS OF WHY THAT'S THE CASE? NO, YOU KNOW, I CAN SAY DAA IS CERTAINLY INVESTED IN THIS PROJECT. UM, LET ME BE CLEAR. AND HAVING WORKED IN OTHER MARKETS AND OTHER LARGE SCALE PROJECTS AS WELL, AGAIN, IT'S THE PUBLIC SECTOR THAT REALLY SEEDS, UH, REALLY JUMPSTARTS THE PROJECT. YOU KNOW, I FOUND THAT PHILANTHROPY, THE PRIVATE SECTOR WILL FOLLOW, WILL COME ALONG ONCE THEY SEE THAT INITIAL, UH, INITIAL INVESTMENT. THEY ALSO NEED TO SEE A CLEAR PLAN AND STRATEGY. AND AGAIN, AS WE MOVE FORWARD, WE ABSOLUTELY NEED TO DEVELOP A CUSTOMIZED FINANCING STRATEGY FOR [00:40:01] EACH CAP. WE NEED TO THINK ABOUT THE INVESTORS THAT WOULD BE ATTRACTED TO EACH CAP. UM, AND SO I BELIEVE THAT THAT WILL BE THE NEXT WAVE AND WE WILL SEE ADDITIONAL MOVEMENT MOVE MOVING FORWARD. OKAY. THANK YOU. THANK TO YOUR CHAIR ANY FURTHER? COUNCIL MEMBER LANE. SO I APPRECIATED SEEING IN THE PRESENTATION THE DIFFERENT CAPITAL STOCKS, AND I WOULD BE VERY INTERESTED TO SEE, UM, WHAT THE CAPITAL STOCK WOULD LOOK LIKE BASED ON THE STAFF RECOMMENDATION, AND THAT WOULD INCLUDE WHAT THE PROJECTION IS FOR HOW MUCH PRIVATE PHILANTHROPY COULD BE LEVERAGED OR NOT, SO THAT WE CAN HAVE A LITTLE BIT OF A MORE CONCRETE DISCUSSION ON HOW REALISTIC, UM, THAT IS. I APPRECIATED YOUR COMMENTS ABOUT THE NEED FOR AN ENTITY OR ORGANIZATION TO TAKE THAT LEADERSHIP ROLE. I, I, I AM A BIG BELIEVER IN, UH, CHANGES OF LEADERSHIP AND ALSO COMING TOGETHER AND AS A NEW TEAM CAN MAKE A VERY BIG DIFFERENCE IN ACCOMPLISHING THESE SORTS OF THINGS. AND I REALLY APPRECIATE WHAT'S BEEN PULLED TOGETHER JUST SINCE WE'VE BEEN ASKING THESE QUESTIONS. UM, BUT I ALSO WOULD FEEL FAR MORE COMFORTABLE IF IN ADDITION TO THE CAPITAL STACK, I COULD SEE SOME SORT OF PLAN FOR THE FUNDRAISING WITH LIKE A TIMELINE. UM, WHEN WILL WE IDENTIFY THIS, THIS ENTITY? HOW MUCH DO WE EXPECT TO RAISE BY CERTAIN MILESTONES? FOR ME, THAT'S CRITICAL. AND IN ADDITION TO THINKING THROUGH HOW WILLING I AM EVEN TO VOTE FOR ROADWAY ELEMENTS, BEING ABLE TO SEE WHETHER, I THINK IT'S REALLY FEASIBLE TO FUNDRAISE FOR THE CAPS ALL ALONG THE WAY, BECAUSE IF WE SPEND MONEY FOR ROADWAY ELEMENTS THAT DON'T COME TO FRUITION, IT'S A WASTE OF MONEY THAT CAN BE PUT TO VERY MUCH MORE SIGNIFICANT USE, UM, IN A CITY THAT HAS A LOT OF NEEDS THAT HAVE GONE UNMET FOR A LONG TIME. THANK YOU. UH, BEFORE THEY ANSWER, I JUST WANT TO, BECAUSE YOU MENTIONED STAFF'S RECOMMENDATION, I MISSPOKE EARLIER AND I WANNA MAKE A CLARIFYING STATEMENT. STAFF'S RECOMMENDATION ON MAY 6TH WAS SCENARIO ONE, WHICH IS CESAR CHAVEZ TO FOURTH AND 11TH THROUGH 12TH. SO I JUST WANT TO MAKE THAT CLARIFYING STATEMENT. UH, AGAIN, I WANT TO THANK ASSISTANT CITY MANAGER MIKE ROGERS, UH, FOR HIS LEADERSHIP. UM, HE ACTUALLY BROUGHT SEVERAL OF US TOGETHER, COMMUNITY MEMBERS, UH, COM, UH, AUSTIN COMMUNITY FOUNDATION, THE CHAMBER OF COMMERCE, OTHERS TO AGAIN, START INITIATING THESE CONVERSATIONS ABOUT THE NEXT STEP, NEXT STEPS, HOW DO WE CREATE THIS, UH, OPERATIONAL PLAN FOR SO THAT WE CAN GO OUT AND FUNDRAISE. IT'S AN IMPORTANT, UH, DECISION. UM, AND I THINK IT'S CERTAINLY SOMETHING THAT'S VERY MERITED. AGAIN, JUST USING MY OWN PERSONAL EXPERIENCES, HAVING BEEN INVOLVED IN MAJOR PUBLIC PRIVATE PARTNERSHIPS, I WAS A FORMER CITY STAFFER ON A MAJOR REDEVELOPMENT PROJECT WHERE IT WAS A PROJECT THAT REQUIRED SIGNIFICANT PHIL PHILANTHROPIC SUPPORT OF CONTRIBUTIONS FROM FEDERAL GOVERNMENT, STATE GOVERNMENT LEFT THAT ROLE TO HELP CREATE A NEW 5 0 1 C3 TO OVERSEE THE OPERATIONS. THAT PROJECT HAS COME TO FRUITION. AGAIN, WHEN WE LOOK AT OTHER PROJECTS ACROSS THE COUNTRY, THERE ARE ABSOLUTELY PRECEDENTS. YOU KNOW, AS THOMAS OUTLINED, UH, ROSE KENNEDY PARK, CLYDE WARREN PARK, WHEN YOU LOOK AT EACH ONE AND EVERY ONE OF THESE CAP CAPTAIN STITCH PROJECTS, IT'S CLEAR THAT THAT'S BEEN A RESOUNDING SUCCESS IN TERMS OF, UH, THE BENEFIT TO THE COMMUNITY. AGAIN, I AM BULLISH ON THIS MARKET. I MOVE TO THIS COMMUNITY BECAUSE OF THE QUALITY OF LIFE THAT'S OFFERED HERE. THE INDUSTRIES THAT POWER THIS COMMUNITY, AGAIN, WE'RE, WE'RE EXPERIENCING RIGHT NOW, I THINK, AGAIN, MARKET CORRECTION, BUT WE'RE PLAYING THE LONG GAME. UM, I, AGAIN, I THINK THERE ARE INSTITUTIONAL INVESTORS ON THE SIDELINE. PHILANTHROPY, AGAIN, WAITING FOR A CLEAR ROADMAP WITH A CLEAR PLAN OF ACTION. I THINK THE INVESTMENT, AGAIN, IN THE ROADWAY ELEMENTS WILL PROVIDE THAT CONFIDENCE THAT BRINGS OTHERS ALONG. DO YOU THINK THAT IT'S REALISTIC THAT PRIOR TO OUR VOTE I'D BE ABLE TO SEE SOME SORT OF A, A TIMELINE FOR ESTABLISHING THE ENTITY FUNDRAISING GOALS? UM, I MEAN, IT'S, IT'S WONDERFUL THAT TECH O HAS PROVIDED ADDITIONAL TIME, BUT I'D ALSO LIKE TO UNDERSTAND WHAT IS FEASIBLE IN THE TIME THAT WE HAVE BEFORE THAT COMES. YES, I BELIEVE WE CAN, WE CAN GET SOME INFORMATION TO YOU. OKAY. AND I ALSO THINK IT'S IMPORTANT AS PART OF THIS LEADERSHIP FUNCTION TO GET SPECIFIC ABOUT THE LEVEL OF PRIVATE PHILANTHROPY THAT'S GENUINELY NEEDED IN ORDER TO BRING AUSTIN INTO LINE, HOWEVER CLOSE WE CAN GET TO BEING IN LINE WITH ANY OF THE PEER CITIES, UM, THAT'S, THAT'S AN IMPORTANT EXPECTATION SETTING THAT I WOULD HOPE COULD HAPPEN BEFORE WE VOTE. THANK YOU. COUNCILMAN BALTER MUCH JUST WANTED TO FOLLOW UP ON THE, THE LAND QUESTION AND, AND THIS VALUATION, 'CAUSE I KNOW IT CAME UP A LITTLE BIT LAST TIME. WHEN YOU ARE DOING YOUR ANALYSIS, AND I SEE YOUR FOOTNOTE HERE, YOU HAVE THE PROPERTY VALUE PER LAND AND YOUR, YOUR FOOTNOTE SAYING THAT'S THE LAND AND IMPROVE VALUE. AND SO I THINK TRYING TO SUSS [00:45:01] OUT, YOU KNOW, IF, IF WE'RE PAYING FOR, IF WE'RE EVALUATING, IF EVALUATING THE LAND PLUS THE STRUCTURE, UM, YOU KNOW, I THINK IT IS BEING RAISED. IS THAT A FAIR COMPARISON? RIGHT. AND SO I GUESS THAT YOU, WHEN YOU DID THIS ANALYSIS, DID YOU, UM, LOOK AROUND DOWNTOWN JUST IN TERMS OF, UH, WHAT IS KIND OF BUILT ENVIRONMENT VERSUS NOT? AND, AND I'M NOT TALKING FROM A VALUE STANDPOINT, JUST FROM A WHAT EXISTS. UM, SO I MEAN, I I I ABSOLUTELY APPRECIATE THE, UM, THE, THE SORT OF THRUST OF THE, THE QUESTION AROUND IS THAT, IS THAT FIGURE, UM, IS THAT, IS THAT A, IS THAT A REASONABLE FIGURE? AND I THINK THE PLACE THAT WE CAME FROM ON THAT IS, IS IT ALSO REASONABLE TO ASSUME THAT YOU COULD FIND 12 OR 11 OR 12 CONTIGUOUS ACRES OF UNIMPROVED REAL ESTATE, YOU KNOW, AT A, AT THE LOWER END OF THE VALUE OF DOWNTOWN LAND TO REPLICATE THE TYPE OF SORT OF SEMI CONTIGUOUS PROGRAM THAT YOU COULD ACHIEVE ON THE CAPS. AND SO THAT'S WHY WE OPTED TO TAKE AN AVERAGE OF THE DOWNTOWN REAL ESTATE TO SAY, OKAY, LET'S SEE. YOU COULD GET A VACANT BLOCK, BUT IT MIGHT BE NEXT TO A, YOU KNOW, A BLOCK WITH SOME IMPROVEMENTS ON IT. AND SO WE TAKE AN AVERAGE OF DOWNTOWN REAL ESTATE. THAT'S, THAT'S REALLY, UM, A, A CLOSER COMPARISON TO WHAT IT WOULD LOOK LIKE TO ASSEMBLE THAT AMOUNT OF LAND IN DOWNTOWN. AND, AND THAT'S HOW I, I DID NOT DO A CLEAR JOB ASKING, BUT I I YOU, YOU, YOU HAVE ANSWERED WHERE, WHERE I, WHAT I, THE QUESTION I WAS TRYING TO ASK, AND THAT IS, IF WE WANTED TO CREATE THIS TYPE OF PARK SPACE, COULD WE PURCHASE JUST LAND OR WOULD WE HAVE TO PURCHASE LAND WITH BUILDINGS ON IT? RIGHT. AND YEAH, I, UH, WE HAVE NOT DONE THE SPECIFIC ANALYSIS TO SAY, ARE THERE, ARE THERE, AND WHERE ARE THE, YOU KNOW, ANY OPPORTUNITIES TO GET THE AMOUNT OF CONTIGUOUS OR SEMI CONTIGUOUS SPACE THAT WOULD BE COMPARABLE TO THE, WHAT THE CAPS OFFER. RIGHT. AND WHEN YOU WERE DOING YOUR ANALYSIS, DID YOU COME ACROSS 10 UNIMPROVED ACRES DOWNTOWN? UM, THERE, I MEAN, THERE'S A COUPLE OF LARGER, YOU KNOW, OF LARGER SITES THAT, BUT I THINK THEY'RE NOT NECESSARILY, UM, IT'S NOT COMMON AND, AND THERE'S PLANS TO DEVELOP THEM. AND I THINK PART OF WHAT WAS INTENDED TO BE CAPTURED IN THIS ANALYSIS AS WELL IS THAT DOWNTOWN REAL ESTATE HAS OTHER POTENTIAL REVENUE GENERATING USES THAT HAVE FISCAL BENEFITS. THE AREA ABOVE I 35 DOES NOT HAVE ANOTHER, UH, OVER A BURIED I 35 DOES NOT HAVE AN ALTERNATE USE THAT COULD BE GENERATING RIGHT REVENUE OR BENEFITS OR PRIVATE ENTERPRISE. AND, AND WHEN YOU ARE, I MEAN, YOU'RE FINANCIAL GUY, WHEN, WHEN SOMEONE IS GOING TO PURCHASE A PIECE OF LAND, LET'S SAY IT IS A, AN UNIMPROVED PIECE OF LAND, ARE THEY PAYING FOR THE VALUE OF THE LAND UNIMPROVED? ARE THEY PAYING FOR THE VALUE OF WHAT THEY CAN PUT ON THE LAND? IT WOULD GENERALLY BE VALUED BASED ON HOW THE LAND IS ENTITLED, WHAT THE MARKET SUGGESTS THAT IT COULD BEAR. UM, YEAH, WHAT, WHAT COULD BE BUILT ON TOP OF IT AND WHAT THE VALUE OF THAT WOULD BE? OKAY, THANK YOU. UH, I WOULD JUST, UH, THAT WE, UH, TRIED IN THE CONVENTION CENTER EXPANSION, WE TRIED TO BUY LAND ADJACENT TO THE CONVENTION CENTER TO NOT TEAR IT DOWN AND, AND END UP DOING WHAT WE DID. AND WE WERE ULTIMATELY UNABLE TO DO THAT BECAUSE OF THE, THE PRICE OF, UH, OF THE LAND. SO THE CITY HAS TRIED BEFORE TO, TO ADD, UH, DOWNTOWN, UH, REAL ESTATE. AND, UH, THAT'S, UH, VERY EXPENSIVE AND, UH, DIFFICULT, UH, PROPOSITION. UH, BUT THANK YOU. IF THERE'S NO FURTHER QUESTIONS, THEN I GUESS WE'LL GO TO THE SPEAKERS. UH, THANK Y'ALL VERY MUCH FOR THE PRESENTATION. GREATLY APPRECIATE THE ONLY, SORRY. OH, I'M SORRY. UH, COUNCIL MEMBER HARPER MADISON MEDICINE. MY APOLOGIES. THE MUTE BUTTON WAS HIDING BEHIND IT. I WAS TOGGLING BETWEEN SCREENS. UM, I DIDN'T HAVE A QUESTION SO MUCH AS I I WANTED TO ASK. UM, WE'VE ALLUDED TO, UH, THIS IS, UH, FOR THE PRESENTATION. SO WE'VE ALLUDED A COUPLE TIMES TO AN ORGANIZATION, AND IN VARIOUS CONVERSATIONS I'VE HEARD ORGANIZATIONS NAMED, IS THERE A SPECIFIC REASON WE'RE NOT NAMING AN ALREADY ESTABLISHED ORGANIZATION TO BECOME THE STEWARD? OR, I MEAN, IS IT THAT WE SPECIFICALLY NEED A SEPARATE, DIFFERENT NEW ORGANIZATION, OR COULD WE LEAN ON AN ORGANIZATION THAT'S ALREADY ESTABLISHED, FUNDED, [00:50:01] STAFFED? UH, BECAUSE I'VE HEARD SOME ORGANIZATION NAMES, BUT NOT IN ANY OFFICIAL CAPACITY. AND SO EVEN DURING THE COURSE OF THIS CONVERSATION, TWICE, WE TALKED ABOUT AN ORGANIZATION, BUT IT'S VERY, UM, AMBIGUOUS. UH, THANK YOU ABOUT, UH, COUNCIL MEMBER HARPER MADISON. I APPRECIATE THE QUESTION. I THINK CERTAINLY ONE OF THE THINGS WE NEED TO DO AGAIN, IS LOOK AT THE GOVERNANCE STRUCTURE TO REALLY IDENTIFY THE GOAL, THE VISION FOR EACH ONE OF THE, EACH ONE OF THE CAPS. I WOULD SAY, BASED ON MY EXPERIENCE IN OTHER COMMUNITIES, THERE HAVE BEEN INSTANCES WHERE AN EXISTING ORGANIZATION HAS STEPPED IN, UM, SORT OF AS A, AS A CUSTODIAN, IF YOU WILL, TO JUST GET THE PROJECT MOVING ALONG UNTIL GOVERNANCE. UM, THE, THE GOVERNMENT'S REQUIREMENTS WERE ESTABLISHED AND THEN AN INITIAL 5 0 1 C3 WAS ESTABLISHED TO THEN CARRY OUT THAT MISSION. SO I THINK WE HAVE A LITTLE BIT OF TIME TO DO THAT. IT'S SOMETHING THAT WE WANT TO MOVE WITH, UH, VARIOUS PARTNERS TO MOVE IN EARNEST ON, UM, WITH THE COUNCIL'S DECISION TO, TO FUND THE CAPS. AND SO AGAIN, IT'S NOT AN EITHER OR PROPOSITION AT THIS MOMENT. THERE COULD BE AN EXISTING ORGANIZATION THAT COULD SERVE AS A CUSTODIAN OR AGAIN, CREATING A NEW ORGANIZATION. OKAY. THANK YOU. I APPRECIATE THAT. I, I JUST WAS CURIOUS. AND THEN, UM, BEYOND THAT, UH, IT'S A QUESTION FOR YOU ABOUT HOW TO TALK ABOUT VALUE. AND SO I HEARD MITCHELL SILVER BECOME HIM, THE GODFATHER OF CENTRAL PARK, MITCHELL SILVER, YOU KNOW, FOR 20 PLUS YEARS WAS THE PARKS COMMISSIONER IN NEW YORK. AND HE TALKED ONE TIME, IT WAS ACTUALLY A DAA EVENT WHERE I HEARD HIM GIVE THIS TALK. HE SAID, WHAT IS THE VALUE OF NOT DOING IT IN A WAY, LIKE HE WAS TALKING ABOUT COMMUNITY SPACES AND, YOU KNOW, INJECTING OPPORTUNITIES FOR FUTURE FACING ECONOMIC DRIVERS. AND, UH, HE TALKED ABOUT THE COST OF NOT DOING IT AND THE COST OF NOT MAKING THE INVESTMENT WHEN THE TIME IS ABSOLUTELY THE ONLY TIME TO MAKE THE INVESTMENT. AND I'M HAVING A DIFFICULT TIME FINDING THE WORDS TO ARTICULATE THE DIS AS I'M CONTRIBUTING TO THE DISCUSSION. MY, THAT'S MY PERSPECTIVE. LIKE WE, WE CAN'T AFFORD TO NOT, BUT THE DIFFICULTY FOR ME IS NOT EMOTING THERE NOT BRINGING FORWARD ANECDOTAL EVIDENCE AS AN AUSTINITE. I, I WANNA BRING FORWARD AS A COUNCIL MEMBER AND POLICYMAKER, WHAT, HOW DO WE ADDRESS, YOU CAN'T QUANTIFY INTRINSIC VALUE AND THINGS LIKE THAT. SO HOW DO WE TALK ABOUT THE NOT MAKING THE INVESTMENT IN A WAY THAT DOES SPECIFICALLY REFLECT TO DATA THAT PEOPLE CAN DEFER TO FOR MORE INFORMATION? I'M TRYING TO FIGURE OUT HOW TO ARTICULATE THAT. THANK YOU, COUNCIL MEMBER. I THINK YOU'RE DOING A, A GOOD JOB AT, UH, MS. OLIVAREZ, UH, COUNCIL MEMBER, KIMMEL LAVAR, DIRECTOR OF FINANCIAL SERVICES. UH, IN RESPONSE ALSO TO YOUR QUESTION ABOUT THE, AN ORGANIZATION THAT WOULD BE A STEWARD FOR THIS, THERE'S, WE ALSO NEED TO TAKE INTO ACCOUNT, UH, PROCUREMENT LAW, UM, AND HOW WE MIGHT, UM, WE WOULD HAVE TO LOOK AT A COMPETITIVE PROCESS POTENTIALLY FOR THIS. UM, SO BEFORE WE IDENTIFY A PARTICULAR STUDENT DEPARTMENT, WE NEED TO WORK THROUGH ALL OF THOSE, UM, ALL OF THOSE COMPONENTS TO MAKE SURE THAT WE'RE, WE'RE FOLLOWING OUR PROCESSES INTERNALLY AND LEGALLY. MM-HMM . THAT ANSWERS MY QUESTION ABOUT THAT. THANK YOU. I WAS WONDERING IF THERE WAS A SPECIFIC REASON, AND YOU KNOW, WHILE WE HAVE YOU, UM, UH, KIM, I WANTED TO ASK A QUESTION. YOU KNOW, DURING THE COURSE OF A CONVERSATION THAT YOU AND I WERE HAVING ABOUT UNIQUE FUNDRAISING OPPORTUNITIES, UM, I KNOW WE HADN'T MADE THAT OFFICIAL, AND SO I WON'T, UH, IN THIS OFFICIAL, UH, UH, VIDEO CAPACITY DEFERRED TO IT. BUT I'M JUST OUTTA CURIOSITY, ARE THOSE KINDS OF CONVERSATIONS HAPPENING IN A WAY THAT WE WILL EVENTUALLY BE ABLE TO ASSUAGE PEOPLE'S FEARS ABOUT THE CAPACITY TO RAISE FUNDS MOVING FORWARD FOR OPERATIONS AND MAINTENANCE? I FEEL PEOPLE GETTING A BELLYACHE OVER THAT. AND JUST DURING THE COURSE OF THAT DISCUSSION THAT YOU AND I WERE HAVING IT, IT CERTAINLY SWAYS ALL MY FEARS ABOUT EVERGREEN OPPORTUNITIES FOR FUNDRAISING, PERPETUAL OPPORTUNITIES FOR COMMUNITY LED FUNDRAISING EFFORTS TOWARDS THESE TYPES OF INITIATIVES. HOW, HOW CLOSE ARE WE TO BE ABLE TO HAVE A COMPREHENSIVE CONVERSATION WITH THE BODY OR ONE OF THE COMMITTEES ABOUT THOSE FUNDRAISING OPPORTUNITIES? I THINK RELATIVE TO WHAT A CM ROGERS NOTED, UM, AND OTHERS HAVE SAID ABOUT MEETING WITH THE VARIOUS POP UH, PARTNERS, UH, AND THE COMMUNITY LEADERS, UM, THERE'S STILL A LOT MORE CONVERSATION TO OCCUR. UM, BUT WE ARE DEFINITELY ON A VERY SOLID PATH. OUR, OUR OUR INITIAL KICKOFF MEETING WAS INCREDIBLY POSITIVE. UH, SO IT'S, IT'S HARD TO SAY A A PARTICULAR TIMELINE, BUT IT'S DEFINITELY A PRIORITY. OKAY. I APPRECIATE THAT. THAT'S GOOD. AND, AND I CAN'T EVEN IMAGINE THE AMOUNT OF WEIGHT YOU GUYS ARE UNDER IN ORDER TO EVEN LIKE THE FEASIBILITY AND, AND THEN, AND, AND YOU GUYS ARE DOING IT ALL AT ONCE. SO THANK YOU. I APPRECIATE EVERYBODY'S EFFORT AND DOWNTOWN AUSTIN FOR BEING IN CHAMBERS TODAY. UM, THANKS FOR THE PRESENTATION AND FOR ANSWERING ALL THE QUESTIONS. THANKS, CHAIR. UH, THANK YOU VERY MUCH. UH, COUNCIL MEMBER, I WOULD ALSO JUST NOTE THAT, UM, THE LONG CENTER AND WATERLOO GREENWAY AGAIN JUST JUMPED TO MIND AS ORGANIZATIONS THAT, UH, HAVE BEEN ESTABLISHED AS PART OF PUBLIC PRIVATE PARTNERSHIPS WHERE THERE WAS A LOT OF, UH, PRIVATE FUNDRAISING. SO IT'S DEFINITELY NOT, UH, UNPRECEDENTED. LET ME, UH, GO BACK TO COUNCIL MEMBER KRISTA, UH, LANE, AND THEN, UH, I'LL CALL IN MR. COUNCIL MEMBER UCHIN. I, I DO AGAIN, REALLY APPRECIATE ALSO THE WORK THAT'S GONE INTO THIS. I KNOW THAT PEOPLE HAVE PUT IN A LOT OF EXTRA TIME TO GET WHERE WE ARE RIGHT NOW, AND THAT'S IMPORTANT. UM, THIS PROJECT [00:55:01] HAS A LOT OF CHEERLEADERS, UH, FROM ALL DIFFERENT AREAS. I, MYSELF HAVE BEEN A CHEERLEADER OF THIS PROJECT AT, AT CERTAIN TIMES. UM, AND I, I HAVE TO SAY THAT WHEN IT COMES TIME TO VOTE, I CAN'T JUST BE A CHEERLEADER. I HAVE TO BELIEVE THAT WE'VE MOVED PAST THE POINT OF WORDS AND SEE SOMETHING THAT LOOKS FEASIBLE, UH, IN TERMS OF FUNDRAISING AND THE SOURCES OF FUNDS. AND SO I KNOW THAT THERE WOULD BE, THERE'S A PROCESS THAT'S NEEDED TO IDENTIFY THE ENTITY. THERE'S A PROCESS THAT'S NEEDED TO GO THROUGH EACH CAP. AND I CAN SAY, I REALLY NEED TO SEE A TIMELINE THAT YOU FEEL IS REALISTIC FOR THE DIFFERENT STEPS. UM, AND I NEED TO BE ABLE TO SEE A CAPITAL STACK THAT SHOWS ME HOW MUCH IS COMING FROM PRIVATE PHILANTHROPY. BECAUSE AT THE END OF THE DAY, AND I'VE SAID SINCE THE BEGINNING THAT, UM, SINCE I TOOK OFFICE THAT I, I, THERE IS A LONG RUNWAY FOR GETTING PRIVATE PHILANTHROPY SECURED. HAVING YOUR EXPERIENCE IS HELPFUL, BUT IT DOESN'T TAKE AWAY THE TIME THAT'S NEEDED. I KNOW YOU KNOW THAT. UM, AND I REALLY WANNA UNDERSTAND IF THIS IS REALISTIC OR NOT. AND I, I CAN'T, WITHOUT SOMETHING IN WRITING TO SET EXPECTATIONS, I WASN'T PART OF THAT MEETING. AND WE NEED TO BRING THAT FORWARD IN THAT WAY, I BELIEVE. THANK YOU. COUNCIL MEMBER UCHIN, I FIRST WANNA THANK DEVON AND THOMAS FOR THEIR PRESENTATION. I AM GONNA TRY AND SUMMARIZE EVERYTHING I'VE GOT INTO JUST A SINGLE QUESTION FOR Y'ALL. I HEAR YOUR OPTIMISM AND YOUR WORK YOU PUT IN TO TRY AND PULL SOME DATA TO COMPARE THIS PROJECT TO PROJECTS IN OTHER CITIES, SIMILAR PROJECTS. I'M TRYING TO FIGURE OUT BETWEEN THE REDEVELOPMENT OPPORTUNITIES AND THE PHILANTHROPIC OPPORTUNITIES, UM, WHAT WE'VE BEEN PRESENTED PREVIOUSLY BY STAFF AND, UH, THEN THAT INCLUDES, I BELIEVE AN INDEPENDENT ANALYSIS IS THAT THE REDEVELOPMENT OPPORTUNITIES HERE ARE DIFFERENT FROM WHAT HAPPENED IN DALLAS. AND I'M ALSO GONNA JUST POINT TO WE, EVEN IN OUR DISCUSSIONS ON AAS, WE'VE COMMENTED ON THE DIFFERENCES IN THE PHILANTHROPIC EXPERIENCE HERE IN AUSTIN ARE RELATIVE TO OTHER CITIES. AND I PARTICULARLY POINT TO THE EXPERIENCE WE'VE HAD FAIRLY RECENTLY WITH FINDING HOME A TX TO TRY AND RAISE MONEY FOR WHAT MANY PEOPLE THOUGHT WAS AN INCREDIBLY WORTHWHILE ENTERPRISE. SO MY QUESTION IS JUST GIVEN THESE POTENTIAL DIFFERENCES BETWEEN AUSTIN OR WHAT MAKE DIFFERENT CITIES AND MUNICIPALITIES DIFFERENT CONTEXTUALLY, WHAT FUELS YOUR OPTIMISM THAT WE WILL BE LIKE THESE OTHER CITIES WITH THESE OTHER PROJECTS FROM BOTH A REDEVELOPMENT AND PHILANTHROPIC PERSPECTIVE AS A, AS AN ECONOMIC DEVELOPER, I WILL CERTAINLY SAY, UM, AND I DON'T SHY AWAY FROM THIS, THE PUBLIC SECTOR, WE'RE NOT JUST A, A HELPLESS, UH, YOU KNOW, PASSENGER, YOU KNOW, OUR ROLE IS TO REALLY PRIME THE PUMP. SO WHEN WE LOOK AT THE REGULATORY ENVIRONMENT, WHAT ARE WE DOING FROM A LAND USE ZONING PERSPECTIVE, AGAIN, TO PROVIDE AND INSTILL CONFIDENCE TO THE PRIVATE SECTOR TO INVEST IN OUR COMMUNITY. THAT'S GOING TO INCREASE THE LIVELIHOOD WHEN WE TALK, WHEN THOMAS LAID OUT, YOU KNOW, THE VARIOUS FUNDING SCENARIOS. UM, SO WE COULD OPTIMIZE DEVELOPMENT, THAT IS VITALLY IMPORTANT. AGAIN, WHEN I LOOK AT THE MARKET FUNDAMENTALS THAT ARE HERE, THE INDUSTRIES THAT ARE POWERING THIS COMMUNITY, WE HAVE AN OPPORTUNITY. THERE'S NOT A DAY THAT PASSES WHERE I'M NOT THINKING ABOUT HOW DO WE FILL ADDITIONAL OFFICE SPACE? HOW DO WE ACTIVATE VACANT GROUND FLOOR SPACE, INCREASING SALES, TAX REVENUE. THAT IS TOP OF MIND FOR ME WHEN THOMAS OUT OUTLAY OUTLINED, EXCUSE ME, THE ECONOMIC BENEFITS COMPANIES WANT TO BE IN A PLACE WHERE THERE'S GREAT QUALITY OF LIFE. WHERE THERE GREAT PUBLIC SPACE IS WHERE RESIDENTS CAN CONVENE. THIS IS WHAT THIS PROJECT AMOUNTS TO. THE DECISION THAT WE'RE ASKING YOU TO MAKE IS TO FUND THE ROADWAY ELEMENTS. THIS IS OUR TIME NOW. IT'S BOLD VISION, BO BOLD ACTION AGAIN, THAT WILL POSITION US FOR GREATNESS. WHEN YOU LOOK AT THE FUNDAMENTAL MARKET, UH, CONDITIONS HERE, WE'RE IN A REALLY STRONG PLACE. THERE'S NO DOUBT, AGAIN, THAT THE PROPERTY VALUES, THERE'S AN ADJUSTMENT PERIOD RIGHT NOW. THERE ARE PRIVATE INVESTORS THAT ARE CERTAINLY ON THE SIDELINES RIGHT NOW. WHEN YOU LOOK AT DEVELOPMENT, WE CANNOT IGNORE MACROECONOMIC CONDITIONS. WHEN YOU LOOK AT, YOU KNOW, THE IMPACT OF TARIFFS ON, ON THE COMMUNITY INTEREST RATES, WHEN THOSE CONDITIONS CHANGE, INVESTORS AGAIN, WILL, WILL JUMP ON BOARD. SO, YOU KNOW, I FEEL VERY CONFIDENT WE'RE PLAYING THE LONG, THE LONG, UH, GAME HERE. THOMAS OUTLINED, AGAIN, SORT OF ANNUAL, UH, PROPERTY TAX IMPACTS. AGAIN, THIS WON'T BE GENERATING ALL OF THE REVENUE WITHIN THAT FIRST YEAR, BUT THIS IS OVER TIME WE ARE PLAYING THE LONG GAME. AND SO AGAIN, I THINK THIS IS A, YOU KNOW, IMPORTANT INVESTMENT, UM, IN OUR FUTURE FOR ECONOMIC DEVELOPMENT, UH, FOR PROSPERITY FOR ALL OF AUSTIN. THANK YOU. ALRIGHT, THANK Y'ALL VERY MUCH. UH, THANK YOU VERY MUCH FOR THE, THE PRESENTATION AND THE DISCUSSION AND, UH, UH, CLERK, LET'S [01:00:01] GO AHEAD AND GO BACK TO, UH, SPEAKERS. THANK YOU, COUNSEL. CONTINUING WITH B ONE SPEAKERS, WE HAVE SARAH GORE REMOTELY. SARAH GORE, B ONE. WE'LL MOVE ON TO THE NEXT SPEAKER. IN PERSON WE HAVE MEL LEBLANC FOR B ONE. GOOD MORNING, COUNSEL. MY NAME IS MEL LEBLANC. I'M FROM DISTRICT ONE AND I'M HERE TODAY WITH VOCAL TEXAS. UM, I KNOW WE JUST HEARD A LOT OF GREAT THINGS, SO I'M SORRY TO SAY THAT I'M ASKING YOU TO VOTE NO ON THE CAP AND STITCH PROJECT. UM, LAST WEEK, VOCAL TEXAS DELIVERED A LETTER TO ALL OF YOUR MAILBOXES ASKING YOU TO RETHINK THIS PROJECT. IT WAS SIGNED BY 54, FORMERLY AND CURRENTLY HOMELESS PEOPLE IN AUSTIN, AND WANTED TO REITERATE SOME PARTS OF THAT LETTER, UH, HERE TODAY. SO I'M ASKING YOU TO VOTE NO, BECAUSE BOND DOLLARS ARE DESPERATELY NEEDED TO BUILD MORE HOUSING FOR UNHOUSED AND LOW INCOME PEOPLE IN OUR COMMUNITY ON THE, ON THE BASIS THAT OUR CITY HAS NOT BUILT ENOUGH HOUSING FOR POOR, FOR POOR AUSTINITES. IN 2017, THE CITY COMMITTED COMMITTED TO BUILDING 20,000 UNITS OF, OF DEEPLY AFFORDABLE AND EXTREMELY LOW INCOME UNITS. AND THE 2023 BLUEPRINTS, UH, SCORECARD SHOWED THAT SEVEN YEARS IN WERE ONLY 426 OF THOSE HAVE BEEN BUILT. UM, MEANWHILE, YOU KNOW, NEARLY 20,000 UNITS HAVE BEEN BUILT FOR THOSE MAKING 121% OF MFI. SO IN THE SIMPLEST TERMS, PEOPLE MAKING A HUNDRED THOUSAND DOLLARS OR MORE ARE GETTING A LOT OF HOUSING, WHILE EXTREMELY LOW INCOME AUSTINITES THAT MAKE LESS THAN 25,000 CAN'T AFFORD RENTS AND THEY'RE GETTING LEFT BEHIND. NOT TO MENTION OUR CITY'S FINANCIAL SITUATION IS DIFFICULT AND UNCERTAIN. SO THERE ARE OVER 6,000 PEOPLE SLEEPING ON THE STREETS RIGHT NOW, AND ARPA DOLLARS HAVE RUN OUT THE CITY, UM, RELIED ON THOSE DOLLARS FOR SERVICES AND HOUSING. THOSE VOUCHERS ARE ENDING. THE FEDERAL GOVERNMENT IS PROPOSING MASSIVE BUDGET CUTS TO THOSE PROGRAMS AND SERVICES THAT PEOPLE HAVE RELIED ON. AND EVERY DOLLAR THAT IS TAKEN AWAY FROM THE CITY BOND CAPACITY IS ONE THAT CANNOT BE USED FOR LIFESAVING CARE. IN AUSTIN. EVIDENCE SHOWS THAT THE LONGER PEOPLE ARE ON THE STREETS, THE MORE THEY'RE SUSCEPTIBLE TO, UM, BEING CHRONICALLY HOMELESS AND NEEDING PERMANENT SUPPORTIVE HOUSING AND SERVICES LIKE THAT. MANY OF OUR LEADERS HAVE BEEN HOMELESS FOR MONTHS, IF NOT YEARS, AND WITH SUCH UNCERTAIN, UNCERTAIN TIMES AND, OH, THANKS. VOTE NO PLEASE, . THANK YOU. WE'RE GONNA TRY. SARAH GORE AGAIN. REMOTE B ONE. SARAH GORE, PLEASE UNMUTE YOUR PHONE. OKAY, WE'RE GOING TO MOVE ON [A. Pre-Selected Agenda Items] TO, UM, ITEM 41, IF THAT'S OKAY. BENTON MAHAFFEY REMOTE ON ITEM 41. GOOD MORNING COUNSEL, AND THANKS FOR EVERYONE FOR PRESENTING THIS MORNING. UH, NOT SURPRISING THAT THE REAL ESTATE CONSULTANT IS EXCITED ABOUT DEVELOPING DOWNTOWN AT TAXPAYER COST, BUT IT, IT REALLY DOES JUST MAKE ME THINK KINDA LIKE THE LAST SPEAKER WHO IS REALLY BENEFITING HERE AND WHO DO THESE OFFICE RENT PREMIUMS REALLY BENEFIT? I THINK THAT THE PROJECT IS THE RICH RICHER. UM, THERE'S BEEN A LOT OF DISCUSSION ABOUT WE NEED A PUBLIC, A SIGNATURE PUBLIC SPACE. UH, I THINK PEOPLE ARE FORGETTING THAT WE ALREADY HAVE ONE, IF NOT A LOT OF THOSE. SO WHY ARE WE GOING TO SPEND $613 MILLION AT A BEST CASE TO FUND ANOTHER ONE? UH, DALLAS NEEDED CLYDE WARREN PARK. THEY DID NOT HAVE A SIGNATURE PUBLIC SPACE. AND SO I THINK THAT THAT IS AN INCOMPARABLE SITUATION TO WHAT AUSTIN IS FACING RIGHT NOW. SO, AGAIN, I I JUST THINK THAT BEYOND THE UPFRONT DEBT, THE ANNUAL MAINTENANCE BUDGET, UM, COUPLED WITH THE MINUSCULE OFFSETS OF REVENUE AND REALLY JUST WHO IS THE OPPORTUNITY BENEFITING, UM, IS, IS WHY I WOULD JUST REALLY, REALLY ASK Y'ALL TO, TO VOTE NO HERE. YOU KNOW, I THINK THAT, UM, YES, IT SOUNDS BEAUTIFUL. IT SOUNDS WONDERFUL. LET'S COVER I 35 WITH A PARK, BUT IT'S TOO EXPENSIVE. THERE ARE OTHER PRIORITIES AND WE HAVE TO MAKE OUR DECISIONS. THANK YOU, COUNSEL BURKE FORT [01:05:01] ITEM 41. UM, HELLO AND GOOD MORNING. THANK YOU FOR THE OPPORTUNITY TO CONTRIBUTE TO THE MAKING OF THIS DECISION. I LIVE IN DISTRICT NINE. I'M IN FAVOR OF, UH, PASSAGE OF A 41. UM, SIMPLY PUT, THE DECISION YOU'LL BE MAKING IS A FOREVER DECISION WITHOUT THE INFRASTRUCTURE NECESSARY TO INSTALL CAPS AND SWITCHES, UH, STITCHES AT A FUTURE DATE. THE POSSIBILITY ENDS FOR AT LEAST THE LIFETIMES OF NEARLY EVERYONE ALIVE IN AUSTIN TODAY. THINK ABOUT IT, 75 YEARS SHORT TERM FINANCIAL PRESSURES BROUGHT US TO THIS POINT TODAY, A POINT WHERE YOU MAY POSSIBLY DECIDE TO END A FUTURE THAT AUSTINITES BROADLY SUPPORTED. YES, WE CURRENTLY HAVE IMPORTANT CHALLENGES TO ADDRESS TODAY. HOMELESSNESS PARKS ARE OUR EXPANDING POPULATION, PUBLIC TRANSIT MOBILITY, BUT AS IMPORTANT AS THESE ARE, THEY ARE PROBLEMS THAT WILL ALWAYS BE ABLE TO BE ADDRESSED AS REGIONAL SHORT TERM ECONOMICS, EBB AND FLOW. THE SAME CANNOT BE SAID FOR THE CAP AND STITCH INFRASTRUCTURE. IF IT FAILS NOW, IT FAILS FOREVER. SO NO DO-OVERS WILL BE POSSIBLE EVER, NOT IN OUR LIFETIMES ANYWAY. I RESPECTFULLY URGE YOU TO INVEST IN CAP ANDIT INFRASTRUCTURE AT THIS TIME AND TO DO SO FOR ALL PROPOSED LOCATIONS, INCLUDING, YOU KNOW, THE AREA FROM THE RED LINE ALL THE WAY SOUTH TO HOLLY STREET. UH, IF YOU DON'T, I'M CONVINCED THAT THE OPPORTUNITY WILL BE LOST FOREVER AND AUSTIN WILL BE BE DIMINISHED, UM, SIMPLY BECAUSE OF SHORT TERM PRESSURES THAT ARE TEMPORARY. THANK YOU AGAIN FOR THE OPPORTUNITY TO, UH, EXPRESS MY OPINION. THANK YOU. NEXT SPEAKER IS REESE ARMSTRONG ON ITEM 41. HI, UH, I'M ESE ARMSTRONG. I'M FROM, UH, DISTRICT SEVEN, AND I JUST SORT OF WANT TO, UM, SHARE MY CONCERNS WITH CAPTAIN STITCH. UM, I THINK THAT IT'S A GREAT PROJECT. I I LIKE THE IDEA OF CAPPING THE HIGHWAY, BUT I'M JUST WORRIED ABOUT HOW THIS IS GONNA IMPACT OTHER PRIORITIES. UM, YOU KNOW, IF WE'RE GOING TO BE USING THINGS LIKE THE, UH, THE RENTAL CARD PACKS THAT COULD BE USED TO BOND FOR OTHER, UH, PARK PRIORITIES IN OTHER PLACES, UM, ADDITIONALLY THINGS LIKE THAT STATE INFRASTRUCTURE LOAN IS STILL GONNA BE PAID OUT OUT OF THE, UH, GENERAL FUND, WHICH IS SOMETHING THAT SHOULD BE GOING TOWARDS, YOU KNOW, MORE PRE PRESSING PRIORITIES LIKE CITY WORKERS AND HOUSING AND TRANSIT. UM, I'M ALSO REALLY CONCERNED ABOUT THE, UH, THE REDIRECTING CONVENTION CENTER MONEY TO SUPPORTING THIS PROJECT. I THINK THAT THIS COULD BE SUPPORTING TRANSIT OR SOME OTHER NEEDS AND I, I JUST DON'T SEE HOW, ESPECIALLY WITH THE O AND M COST EVERY YEAR, HOW WE'RE GONNA BE ABLE TO, TO PAY FOR THIS WHEN YOU KNOW PEOPLE ARE LIVING ON THE STREET AND WE HAVE JUST MUCH MORE PRESSING CONCERNS THAN PUTTING A PARK OVER A HIGHWAY. THANK YOU. NEXT SPEAKER IS ANNE PETS ON ITEM 41. HI, I'M ANNE PETS AND I OPPOSE FUNDING ANY OF THE CAPS THEY WOULD BE VERY NICE TO HAVE IF MONEY WERE NOT A CONSIDERATION. BUT WITH FEDERAL BUDGET CUTS AFFECTING AUSTIN'S FINANCES, IT'S NOT PRUDENT TO FUND THESE. AS HAS BEEN NOTED, CONSTRUCTION COSTS TYPICALLY DO RISE BEYOND WHAT IS PROJECTED IN THE CURRENT ECONOMIC ENVIRONMENT. THEY ARE LIKELY TO INCREASE FAR MORE THAN USUAL FOR A KIND OF DOUBLE WHAMMY. TARIFFS WILL DEFINITELY INCREASE THE COST OF CONSTRUCTION MATERIALS, EQUIPMENT AND MACHINERY AS WELL. IF TRUMP SUCCEEDS IN MASS DEPORTATIONS, AND I HOPE HE WON'T. LABOR COSTS AND AVAILABILITY COULD BE EXPENSIVE PROBLEMS APPROVING ANY OF THESE CAPS WOULD BE HIGHLY IMP PRUDENT, GIVEN THE POTENTIAL ULTIMATE PRICE TAG AND COULD EVENTUALLY AFFECT BOND RATINGS. I URGE COUNCIL MEMBERS TO FUND NONE OF THESE PROJECTS. THE IDEA THAT PHILANTHROPY WILL BE A BIG FUNDER OF CATHOLIC EXPENSE SEEMS LIKE A PIPE DREAM IN THE ABSENCE OF SPECIFIC INTEREST DONORS SUCH AS EXISTED FOR THE LONG CENTER. YOUR VOTE INDICATES YOUR VALUES AND WHETHER YOU REALLY CARE ABOUT MEETING MUNDANE, BUT IMPORTANT CITIZEN NEEDS. LEAVING ROOM IN THE BUDGET FOR PRIORITIES LIKE LIBRARY, SENIOR CENTERS, PARKS, AND SIMILAR IS CRITICAL AND FAR MORE IMPORTANT FOR INCLUSION THAN ANY SOCIAL BENEFIT OF THE CAPS. PLEASE REMEMBER THAT TARIFFS [01:10:01] WILL MEAN EXTRA LARGE RISES IN PROJECTED CONSTRUCTION COSTS BEYOND THE NORM AND VOTE AGAINST THESE PROJECTS. THANK YOU. NEXT SPEAKER IS SARAH GORE, ITEM 41. HELLO Y'ALL. MY NAME IS SARAH GORE AND I'VE LIVED IN AUSTIN FOR, UM, 15 YEARS, AND DURING THAT ENTIRE TIME, I HAVEN'T DRIVEN A CAR AT ALL. I, I AM ONE OF THESE WEIRD TEXANS WITH NO CAR. I LIVE IN DISTRICT SEVEN AND I WORK DOWNTOWN AND I COMMUTE ENTIRELY BY BIKE. UM, SO WHEN I FIRST HEARD ABOUT THE CAP AND STITCH PROJECT, I WAS VERY EXCITED. IT SOUNDED LIKE A BEAUTIFUL ADDITION TO OUR CITY AND IT SEEMED LIKE IT WAS BEING TARGETED SPECIFICALLY TO ME AS SOMEONE WHO'S ALWAYS OUTDOORS AND, UM, ALWAYS PASSING THROUGH DOWNTOWN, UM, AND USING A BIKE. HOWEVER, AFTER FURTHER RESEARCHING THE PLANS AND THE FUNDING AND LOOKING AT THE, WHAT THE DEPARTMENT OF TRANSPORTATION PLANS ARE FOR, IF WE DON'T GO WITH THE CAP AND STITCH, UM, NOW WITH MY MORE EDUCATED, UM, OPINION, I WOULD LIKE TO URGE YOU TO VOTE NO ON THESE BUDGET PROPOSALS AS AS A BIKE COMMUTER. UM, THAT'S OFTEN USED AS AN EXAMPLE OF WHY WE NEED NEED IT BECAUSE IT'S SUPPOSEDLY GONNA BE EASIER ACROSS THE HIGHWAY. I JUST HAVE TO SAY THAT THE LIKE MINUTE IT TAKES ME TO GET ACROSS I 35, UH, IS NOT ONE OF MY, YOU KNOW, BIG PRIORITIES. THE PARKS IMPROVEMENTS OR PUBLIC HEALTH AND SAFETY IMPROVEMENTS THAT WE CAN MAKE WITH THAT MONEY INSTEAD WOULD DO FAR MORE TO INCREASE MY QUALITY OF LIFE IN AUSTIN. AND IF WE WANNA IMPROVE HISTORICALLY DISADVANTAGED COMMUNITIES, WE CAN INVEST THAT MONEY DIRECTLY IN THEM RATHER THAN ON A SPACE OVER THE FREEWAY, SUCH AS I APPROVING AFFORDABLE HOUSING OPTIONS OR HOMELESS SERVICES TO GET OUR NEIGHBORS OFF THE STREETS, YOU KNOW, OR IF WE WANT TO MAKE IT EASIER CYCLE, WE CAN IMPROVE SHADE AT BUS STOPS OR TO QUALITY OF BUS ROUTES. SO PLEASE VOTE NO ALL ON THESE, UM, CAP ANDIT ITEMS SO THAT WE CAN HAVE THE MONEY TO FUND OUR OTHER NEEDS. THANK YOU. NEXT, WE'LL MOVE ON TO IN-PERSON. FOR ITEM 41, WE HAVE KABA WHITE LYNN NANCE HEDRICKS, AND RICHARD MEYER. IF YOUR NAME HAS BEEN CALLED, PLEASE MAKE YOUR WAY TO THE PODIUM AND STATE YOUR NAME. ALRIGHT. ALRIGHT, GOOD MORNING, UH, COUNCIL AND MAYOR WATSON. UH, MY NAME IS LYNN HENDRICKS AND, AND I'M A PROUD MEMBER OF DISTRICT FOUR, AND I'M HERE AS A REPRESENTATIVE FOR THE LABOR'S INTERNATIONAL UNION OF NORTH AMERICA. AND AS A VOICE FOR THE MEN AND WOMEN WHO BUILD THIS CITY, LIUNA TAKES PRIDE IN BUILDING THE ROADS, BRIDGES, AND INFRASTRUCTURE THAT KEEPS COMMUNITIES MOVING FORWARD. WE LOVE TO BUILD THINGS THAT WE FIRMLY BELIEVE THAT NO PROJECT SHOULD COME AT THE EXPENSE OF WORKERS WHO MAKE IT POSSIBLE. FAIR WAGES, SAFE WORKING CONDITIONS, AND TRUE CAREER PATHWAYS MUST REMAIN AT THE HEART OF EVERYTHING THAT WE DO. WE KNOW THAT THERE ARE DIFFICULT FINANCIAL DECISIONS AHEAD, BUT ONE THING MUST REMAIN CLEAR. BOND FUNDING IS ESSENTIAL FOR CRITICAL INFRASTRUCTURE, SAFETY AND COMMUNITY INVESTMENTS ACROSS AUSTIN. WHILE CAP AND STITCH IS A VALUABLE INITIATIVE, ALTERNATIVE FUNDING MUST BE SECURED. SO BOND DOLLARS REMAIN AVAILABLE FOR THE CITY'S MOST PRESSING NEEDS. WE APPRECIATE COUNCIL MEMBER ALTER'S LEADERSHIP AND WORKING TO FIND THOSE SOLUTIONS, ENSURING THAT OUR PRIORITIES REMAIN BALANCED. BUT AT THE SAME TIME, WE MUST CONTINUE ADVOCATING FOR STRONG LABOR STANDARDS, NOT JUST WITHIN CITY PROJECTS, BUT WITH PARTNERSHIPS WITH ENTITIES LIKE TEXAS DOT. WE RECOGNIZE THAT TEXDOT OPERATES UNDER DIFFERENT STANDARDS, BUT AS THEY BUILD WITHIN AUSTIN, WE ASK THEM TO UPHOLD THE SAME HIGH STANDARDS THAT WE STRIVE FOR. FAIR PAY, SAFETY AND PATHWAYS TO CAREERS THAT STRENGTHEN OUR WORKFORCE. COUNCILMAN, COUNCIL MEMBER SIEGEL EFFORTS IN RAISING THESE CONCERNS ARE CRITICAL AND WE THANK HIM FOR ENSURING THESE DISCUSSIONS REMAIN AT THE FOREFRONT. THIS IS ABOUT PROTECTING WORKERS, SECURING RESPONSIBLE FUNDING AND PLANNING FOR A FUTURE THAT WE CONTINUE BUILDING NOT JUST ROADS AND BRIDGES, BUT REAL OPPORTUNITIES FOR MEN AND WOMEN WHO MAKE IT ALL POSSIBLE. THANK YOU FOR YOUR TIME AND YOUR COMMITMENT TO THE WORKERS WHO KEEP AUSTIN MOVING FORWARD. GOOD MORNING. MY NAME'S RICHARD MAYER. UM, TO QUALIFY MYSELF, I'VE BEEN IN THE REAL ESTATE BUSINESS ALL MY CAREER. I'M RETIRED NOW, AND I DEVELOPED, I WAS PARTICIPATION IN, I PARTICIPATED IN THE DEVELOPMENT OF OVER $1.5 BILLION IN REAL ESTATE. I MOVED TO AUSTIN IN 1983, AND I'M A HOMEOWNER AND I, I ENCOURAGE YOU TO OPPOSE THIS SINCE MOVING HERE. I'VE PAID NEARLY HALF A MILLION DOLLARS IN TAXES AND FEES TO THE VARIOUS TAX DISTRICTS. THIS QUARTER OF A MILLION DOLLAR ITEM YOU ARE VOTING ON TODAY IS ONLY [01:15:01] A SMALL DOWN PAYMENT ON THE WHOLE PROJECT. WHO IS BENEFITING FROM WHAT, WHAT MIGHT BE A NEARLY BILLION DOLLAR CAP ANDIT PROJECT? AND REMEMBER, THAT DOESN'T INCLUDE A VERY EXPENSIVE LONG-TERM MAINTENANCE. I ASK THE INDIVIDUAL COUNCIL MEMBERS TO SEE IF THEIR CONSTITUENTS WANT TO SPEND THAT KIND OF MONEY FOR SOMETHING THAT WA MAY NOT IMPROVE THE QUALITY OF THEIR LIVES, BUT WILL PERHAPS, PERHAPS ONLY BENEFIT AT THE MOST THREE COUNCIL DISTRICTS. THE DISTRICTS THAT TO ME AT LEAST, SEEM TO GET LITTLE OR NO VALUE FOR THIS EXPENSE BECAUSE THEY, THEY DON'T INCLUDE, UH, THIS PROPERTY, OUR 1, 2, 5, 6, 7, 8, AND NINE, EVEN AT THAT MANY, MANY OF THE TAXPAYERS IN THE REMAINING DISTRICT, UH, THREE DISTRICTS WILL NOT HAVE ANY DIRECT BENEFITS. SO THOSE OF YOU WHO ARE IN THOSE AFOREMENTIONED DISTRICTS, I SUGGEST MAYBE YOU ASK YOUR OWN CONSTITUENTS, UH, WHAT THEY THINK OF THIS. IS THIS THE WAY THAT, THAT YOU, THAT THEY WANT THEIR TAX MONEY SPENT? I MEAN, HOW ARE YOU GONNA EXPLAIN TO THE YOUNG HOMEOWNER IN DOVE SPRINGS STRUGGLING TO MAKE THEIR MORTGAGE PAYMENT OR THE SHOPKEEPER ON NORTH LAMAR THAT YOU JUST VOTED, VOTED FOR A BILLION DOLLAR PROJECT THAT WILL PRIMARILY BENEFIT OUT OF TOWN TOUR TOURIST, MULTIMILLION DOLLAR CONDO OWNERS AND BIG DOWNTOWN DEVELOPERS. AND THAT'S PROVEN BY THE FACT THAT IT'S A DAA THAT PRE PREPARED THIS PRESENTATION. THANK YOU FOR YOUR TIME. NEXT SPEAKERS ARE HANS MENDEL, TOM WALD, AND LAYLA LEVINSON. IF YOUR NAME HAS BEEN CALLED, PLEASE MAKE YOUR WAY TO THE PODIUM AND STATE YOUR NAME FOR THE RECORD. HI. HI, MY NAME IS HANS MANU. WHAT IS SO INFINITELY FRUSTRATING ABOUT THE SITUATION IS THAT WE ALL KNOW ABOUT CO2 CLIMATE CHANGE AND HEAT ISLANDS ABOUT AIR POLLUTION, WATER POLLUTION, NOISE POLLUTION. WE KNOW ABOUT NITROGEN OXIDES PM TWO FIVE VOLATILE ORGANIC COMPOUNDS, BLACK CARBON AND ULTRA FINE PARTICLES. WE KNOW ABOUT PROVEN CORRELATIONS WITH ASTHMA, CANCER, CARDIOVASCULAR DISEASES, AND LOWER LIFE EXPECTANCIES. WE KNOW ABOUT INEQUITY, DISPLACEMENT, RACIAL AND ECONOMIC SEGREGATION ABOUT UNAFFORDABILITY FOR LACK OF DENSITY, ABOUT HOMELESSNESS. WE KNOW ABOUT CONGESTION, CAR DEPENDENCY, URBAN SPRAWL AND INDUCED DEMAND. WE KNOW ABOUT TRAFFIC DEATHS. WE KNOW ABOUT CAMPOS, WOEFULLY OUTDATED, WOEFULLY OUTDATED, 50-YEAR-OLD TRAFFIC MODELING METHODS AND TEXTILES, NOTORIOUS MISCALCULATION OF HIGHWAY EXPANSION BENEFITS IN URBAN AREAS. AND YET, AND YET SOMEHOW WE ARE HERE, AT LEAST WE SHOULD DO AS MITIGATE AS MUCH AS WE CAN. THE MASSIVE DAMAGE THIS HIGHWAY EXPANSION IS GOING TO THE HEART OF OUR CITY. IT'S GOING TO DO TO THE HEART OF OUR CITY, TO US, TO OUR NEIGHBORS, TO OUR CHILDREN AND OUR CHILDREN'S CHILDREN. AND FORTUNATELY, IT'S NOT ALL O BLEAK IF WE DO INVEST IN THE ROADWAY ELEMENTS FOR ALL THE CAPS FROM HOLY STREET TO THE RED LINE. NOW, WE NOT ONLY MITIGATE, THERE'S ALSO TREMENDOUS OPPORTUNITY FOR URBAN DEVELOPMENT, MULTIMODAL TRANSPORTATION DENSITY, SUSTAINABLE GROWTH, AND BECOMING THE KIND OF CITY WE ACTUALLY WANT TO BE BECAUSE OF THIS TREMENDOUS POTENTIAL WE CAN UNLOCK. I BELIEVE THAT INVESTING IN THE ROADWAY ELEMENTS IS NOT PART OF A ZERO SUM GAME. THANK YOU. GOOD MORNING, KIBA WHITE SPEAKING ON BEHALF OF PUBLIC CITIZENS TEXAS OFFICE. I THINK THIS IS A REALLY DIFFICULT DECISION FOR THE CITY AND FOR YOU, ALL OF YOU. AND UNFORTUNATELY, IT'S NOT AS SIMPLE AS ASKING WHETHER OR NOT THE HIGHWAY IS A BLIGHT ON OUR COMMUNITY, WHETHER THE EXPANSION IS A HARM TO OUR COMMUNITY, WHETHER OR NOT THE HIGHWAY HAS BEEN USED AS A RACIST INSTRUMENT. IT HAS, IT WILL CONTINUE TO BE A BLIGHT WITH OR WITHOUT THESE CAP AND STITCH ELEMENTS. THAT IS JUST AN UNFORTUNATE REALITY. I THINK THAT A LOT OF US LIKE THE IDEA OF DOING SOMETHING OTHER THAN HAVING A MASSIVE HIGHWAY CUT THROUGH OUR CITY. BUT THE REALITY IS THE EXPENSE COMES AT THE COST OF OTHER VERY NEEDED INVESTMENTS IN OUR CITY. IT IS CLEAR FROM THE ANALYSIS THAT YOUR OWN CONSULTANTS HAVE PRESENTED THAT THIS IS NOT AN INVESTMENT THAT PAYS OFF. IT IS PURELY AN EXPENSE WITH A DREAM OF SOMETHING SWOOPING INTO MAKE IT SOMETHING THAT IT IS NOT CURRENTLY. AND WHAT WE CAN, I THINK, COUNT ON IS THAT IT WILL BE EVEN MORE EXPENSIVE THAN WHAT IS PROJECTED. IF YOU LOOK AT ANY OF THE BIG PROJECTS HERE IN AUSTIN OR ELSEWHERE, THE COSTS ALWAYS GO UP WHEN YOU'RE LOOKING AT MULTI-DECADE PROJECTS. AND THAT'S WHAT THIS IS. SO THIS IS REALLY MORE OF A QUESTION OF WHAT ARE THE CITY PRIORITIES? WHAT ARE THE MOST IMPORTANT THINGS FOR US TO DO AS A CITY? IS IT INVESTING IN THE INFRASTRUCTURE THAT WE HAVE THAT IS IN DISREPAIR? IS IT MAKING THOSE INVESTMENTS TO BRING OUR CLIMATE PLAN TO A REALITY? OR IS [01:20:01] IT POURING UNTOLD MILLIONS INTO CREATING LAND OVER A HIGHWAY? AND I DO JUST WANNA POINT OUT THAT PUTTING SPORTS FIELDS AT A HIGHWAY IS ANYTHING BUT ENVIRONMENTAL. IT ISN'T EXTREMELY HAZARDOUS. THANK YOU. TIM HAS EXPIRED. OUR LAST TWO SPEAKERS FOR 41 ARE GREG NASER AND ROY WHALEY. IF YOUR NAME'S BEEN CALLED AT ALL FOR 41, PLEASE MAKE YOUR WAY TO THE PODIUM. STATE YOUR NAME FOR THE RECORD. HI, GOOD MORNING. UH, COUNCIL MEMBERS, UH, MY NAME'S TOM WALD WITH THE EX, UH, REDLINE PARKWAY INITIATIVE SUPPORTING THE 32 PLUS MILE TRAIL ON THE CAPITAL METRO LINE. I'VE BEEN FOLLOWING THIS PROJECT FOR A LONG TIME AND ACTUALLY MET MY GOOD FRIEND HAYDEN WALKER, UH, 13 YEARS AGO WORKING ON THIS. UM, WE RECOGNIZE THAT TEXTILE IS MAKING A HUGE INVESTMENT IN THIS PROJECT, UH, PRIORITIZING THE DRIVING EXPERIENCE FOR THE CAPEX PROJECT. AND THEY'RE INVESTING $5 BILLION IN DOING THAT. THAT'S IT'S EQUIVALENT TO A QUARTER OF THEIR, A QUARTER OF THEIR ENTIRE STATE BUDGET FOR A YEAR. AND NOW THE CITY IS ALSO BEING OFFERED THE OPPORTUNITY TO INVEST IN WALKING, WALKING AND BICYCLING IN THE SAME SPACE. FOR CONTEXT, THE ROADWAY ELEMENTS INVESTMENT IS LESS THAN 5% OF THAT PROJECT, THE CAPEX PROJECT THAT IS MITIGATE AND THAT THE CAPS WOULD, THE CAPS WOULD MITIGATE AGAINST THE PROJECT, THE LARGER PROJECT AND ENHANCED WALKING AND BICYCLING. AND I WANT TO, YOU KNOW, I'VE WORKED IN THIS SPACE FOR A LONG TIME, UM, IN A SENSE GOING BACK 30 YEARS, BUT IN AUSTIN REALLY SINCE 2006. AND REALLY, I, I WOULD NOT BE IN THIS WORK IF I WASN'T MOTIVATED BY SERVING PEOPLE WHO ARE AT THE BOTTOM END OF THE, OF THE SPECTRUM OF ECONOMICS. ONE OF MY PRIMARY MOTIVATIONS IN ADVANCING WALKING AND BICYCLING IS TO SERVE THOSE WHO CANNOT DRIVE, WHETHER BY AGE, ABILITY, OR AFFORDABILITY OR OTHER FACTORS. AND I'M CONFIDENT THAT MY WORK AND OUR CITY'S WORK TO PROVIDE BETTER WALKABILITY AND BIKEABILITY IS KEPT SOME PEOPLE FROM BECOMING HOMELESS BY NOT HAVING TO OWN AND OPERATE A CAR. THAT'S A VERY REAL FACTOR. PEOPLE SIMPLY ARE, ARE NOT HOMELESS TODAY BECAUSE WE HAVE A BETTER WALKING AND BIKING NETWORK AND WE'VE INVESTED IN THAT WE CAN AND WE ABSOLUTELY MUST CONTINUE TO STEP UP AND INVEST IN FOLK IN HOUSING AND FUND THE CAPS AT THE SAME TIME. THAT'S WHY IT'S ABSOLUTELY IMPORTANT TO KEEP BONDING CAPACITY FOR HOUSING. AND WE CAN ABSOLUTELY DO THAT. I APPRECIATE COUNCIL MEMBER VELA SPEAKING ABOUT THIS IN THE KET INTERVIEW. THERE'S NO REASON TO BELIEVE WE CAN'T DO BOTH. AND I I DON'T THINK IT SHOULD BE PITTED THAT WAY, THAT WE CAN'T DO BOTH. I ALSO WANNA EMPHASIZE THAT THIS IS AN AREA OF THE CITY THAT IS THAT, THAT BECAUSE OF THE LAND USE, UM, IT HAS AN OPPORTUNITY TO MAXIMIZE SHORT TRIPS, HAS OPPORTUNITY TO CREATE MORE AFFORDABILITY FOR PEOPLE TO, TO WALK AND BIKE AND LIVE IN INCOME RESTRICTED HOUSING IN THE NORTHERN CAPS. AND THAT'S WHY WE WANT TO INVEST HERE. THANK YOU SPEAKER. HOWDY, Y'ALL. MY NAME IS ROY WHALEY. I'M THE CONSERVATION CHAIR FOR THE AUSTIN REGIONAL GROUP OF THE SIERRA CLUB AND THE REST OF THE, LIKE THE REST OF THE COMMITTEE, I AM A VOLUNTEER AND WE HAVE HAD A VERY SPIRITED CONVERSATION ABOUT THIS. WE'D LIKE TO START OUT THANKING, UH, COUNCIL MEMBER ELLIS AND CHEN AND FUENTES AND LANE AND THE DISTRICT, UH, REPRESENTATIVE IN MY DISTRICT SEVEN, MIKE SIEGEL. UM, AND WE, WE HAVE DISCUSSED THIS AND WE RELUCTANTLY SUPPORT YOUR POSITION. WE JUST ASSUME NOT SPEND ANY MONEY ON THIS, BUT IF WE DO TO PREPARE, DO THE FOOTINGS SO THAT THAT DECISION CAN BE MADE LATER, BUT THAT'S IT. PUT THE MONEY INTO THE FOOTINGS AND THEN IF THE FINANCIAL SITUATION CHANGES, WE CAN CHANGE AND, AND DO THE REST OF THIS LATER. YOU KNOW, I, I DON'T THINK THERE'S ANY KID IN AUSTIN THAT SAYS, MOM, DAD, LET'S LET'S DRIVE ACROSS TOWN AND GO TO A PARK ON A FREEWAY. WE NEED PARKS WHERE PEOPLE ARE, AND THAT'S WHERE WE NEED TO BE PUTTING MONEY, NOT FOR THE THE DOWNTOWN FOLKS, NOT FOR THE CONVENTION CENTER, BUT FOR PEOPLE WHERE THEY ARE. AND PEOPLE ARE GOING TO REMEMBER THIS NOT JUST NOW MAYBE 50 YEARS FROM NOW AS WE'RE DISCUSSING. UM, WHEN I LOOK AT THIS, I, I, UH, MY SON LIVES IN, IN THE DALLAS-FORT WORTH AREA. AND SO I GO TO THE CLYDE WARREN PARK FROM TIME TO TIME. WE TAKE THE GRAND, I TAKE MY GRANDKIDS THERE, WE TAKE THE KIDS THERE, AND AT ONE TIME IT WAS FUN FOR THEM. NOW THEY DON'T WANT TO DO THAT ANYMORE. THEY WANT TO GO TO THE PARKS IN THEIR AREA. WHAT THEY LIKED BEFORE WAS THE WATER FEATURE AT CLYDE WARREN. WE DON'T HAVE THE WATER. WE'RE AT 41.8% IN LAKE TRAVIS AGAIN TODAY, THANK SPEAKER AND I LOOK FIRED. [01:25:01] I'LL SPEAKERS FOR 41 HAVE BEEN CALLED. WE WILL NOW MOVE ON TO 42 REMOTE SINCLAIR BLACK ITEM 42. GOOD MORNING. THIS IS SINCLAIR BLACK. THANK YOU VERY MUCH. UH, TEXNET REMAINS INDIFFERENT TO THE PUBLIC'S VIEW OF THEIR ILL CONSIDERED HIGHWAY EXPANSION. AS A COMMUNITY, WE ARE AT A CROSSROAD WITH SEEMINGLY TWO OPTIONS ON THE TABLE. ONE, ACCEPT TTOS PLAN, WHICH OUTLINES A COMPLETE DISASTER AT MAXIMUM COST AND NO BENEFIT OR REJECT TTOS CURRENT PROPOSED PLAN AND INVENT A PROCESS THAT REPRESENTS THE PEOPLE OF AUSTIN. FOR MANY YEARS, THE COMMUNITY HAS SEEN AN ENDLESS PARADE OF DIFFERENT ITERATIONS OF ONE TERRIBLE TITE IDEA AFTER ANOTHER. IF YOU COULD CREATE 30, 30 PLUS ADDITIONAL ACRES OF LAND DOWNTOWN TO CREATE $60 BILLION IN NEW TAX BASE, WHY WOULDN'T YOU? THE TAX BASE PAYS FOR THE REINVENTION OF THE HIGHWAY AND GENERATES TAXES TO FUND EVERY DESIRABLE CITY GOAL IN THE FUTURE. IE LIBRARIES, TRAILS, AFFORDABLE HOUSING, ET CETERA, ET CETERA. THE MAXIMUM CREATION OF TAX BASE IN THE CORRIDOR IS ACCOMPLISHED BY NARROWING THE LANES THE RIGHT OF WAY. UH, SHRINKING THE MAIN LANES, SINKING THE MAIN LANES BELOW GRADE, CREATING AN URBAN BOULEVARD DIRECTLY ABOVE IN THE SAME FOOTPRINT, AND USING TXDOT ALREADY EXISTING CLEVER TRICKS LIKE ACCESS ROADS BELOW GRADE AND PORTAL RAMPS TO THE SURFACE, NOT ON THE EDGE OF THE BOULEVARD. THESE ARE VERY SIMPLE AND STRAIGHTFORWARD STEPS. USING THOUGHTFUL URBAN DESIGN PRINCIPLES WOULD CREATE A MAXIMUM TAX BASE INCREASE AT A MUCH LOWER COST THAN CURRENTLY PROPOSED. YOU HAVE RECEIVED TWO VERY DIFFERENT ROI REPORTS REGARDING THE OUTCOME OF ADDING THE CAPS TO 35. THE FIRST STUDY RELEASED BY HYATT BROWN, UH, ANALYSIS IS A HAMFISTED ANALYSIS OF COST AND LITTLE OR NO REFERENCING. THANK YOU MR. MR. BLACK. YOUR TIME HAS EXPIRED. YEAH, THANK YOU. NEXT WE HAVE REECE ARMSTRONG, ITEM 42. I, UM, I WAS UNDER THE UNDERSTANDING ACT WE'RE ALL GONNA BE PUT UNDER ONE AGENDA ITEM, OR AT LEAST THE PUBLIC, UH, TESTIMONY WAS GONNA BE COMBINED. SO THIS IS MY BAD, BUT I ALSO JUST WANNA SHARE THAT I AM CONCERNED ABOUT THE REAL ESTATE. UH, CONSULTANTS REALLY HYPING THIS UP AS AN ECONOMIC DEVELOPMENT THING. THEY WERE TALKING ABOUT HOW THE MARKET'S SEEKING A CORRECTION, AND SO THIS IS GONNA, THIS IS GONNA FIX IT AND PUT IT BACK AT THAT AS HIGHER PRICES. PEOPLE WHO ARE BEING PRICED OUTTA THE CITY, WE CAN'T HAVE HIGHER PRICES. THE THIS IS JUST GOING TO PROFIT DEVELOPERS AND HOMEOWNERS, AND IT'S NOT GONNA HELP OUR TENANTS AND OUR PEOPLE MOVING HERE. AND OUR STUDENTS, AND I SAY THIS AS A PUBLIC STUDENT ADVOCATE, YOU KNOW, PEOPLE ARE ARE LEAVING THE CITY JUST BECAUSE THEY CAN'T AFFORD TO LIVE HERE ANYMORE. AND IF WE'RE GONNA BE HAVING CONSULTANTS TELLING US IN THEIR OWN WORDS THAT THIS IS GOING TO INCREASE HOUSING PRICES, WE SHOULD NOT VOTE FOR THIS PROJECT. THANK YOU. OKAY, WE WILL MOVE TO IN-PERSON SPEAKERS FOR ITEM 42. WE HAVE JIM WALKER, KABA WHITE, RICHARD MAYER. IF YOUR NAME HAS BEEN CALLED, PLEASE MAKE YOUR WAY TO THE PODIUM AND STATE YOUR NAME. JIM JIM WALKER CHERRYWOOD, UH, NEIGHBORHOOD ASSOCIATION IN THE NSYNC, UH, NEIGHBORHOOD COALITION. UH, WE'RE SHARING A SUMMARY OF THE DESIGN ASSISTANCE TEAM PROCESS THAT WE STARTED OVER A YEAR AGO, UH, FOR THE HANCOCK CENTER, DELWOOD CENTER, IT'S ABOUT 60 ACRES OF AREA THAT AROUND THE NORTHERN CAPS. UH, THE FINAL REPORT'S NOT QUITE DONE, BUT WE WANTED TO GET YOU A SUMMARY HERE. UH, WE WERE ALSO AS THE HRA REPORT KIND OF HIGH FOCUSING ON THE LONG-TERM QUALITY OF LIFE ASPECTS OF WHAT THE CAPS COULD CATALYZE IN THAT NORTHERN SECTION. UM, WITH THOSE, WITH THOSE PROPERTIES, WE'LL BE WORKING WITH THOSE PRIVATE LAND OWNERS GOING FORWARD. WE RECOGNIZE IT'S A PARTNERSHIP. UH, WE'RE VERY FAMILIAR WITH COMMUNITY, PRIVATE PUBLIC PARTNERSHIPS YIELDING A LONG-TERM RETURN. UH, WE'RE LOOKING AT REDLINE TRANSIT THERE, LAND USE OPPORTUNITIES THERE, COMMUNITY BENEFITS THERE, UH, ABOVE AND BEYOND WHAT THE MARKET MIGHT PROVIDE ON ITS OWN. UM, SO I WANTED TO KIND OF MAKE SURE YOU UNDERSTOOD THAT THAT EFFORT YOU SUPPORTED LAST MAY HAS COME TO KIND OF FRUITION [01:30:01] IS AND IS GONNA BE ONGOING, UH, GOING, UH, EVEN REGARDLESS OF HOW YOU FUND THE CAPS. SO THE CAPS ARE REALLY A KEY HUGE PUZZLE PIECE IN THAT REINFORCING A COUPLE OTHER POINTS THAT HAVE BEEN MADE. THIS IS A 50 TO 75 YEAR INVESTMENT THAT YOU'RE MAKING, UH, IN A PUBLIC GOOD AS MOST PARKLAND IS. UM, IT WILL BENEFIT ALL OF AUSTIN. WE DON'T VIEW THIS, THE NORTHERN CAPS IN PARTICULAR AT ALL AS JUST A NEIGHBORHOOD OR A CENTRAL AUSTIN BENEFIT. THEY HAVE TO BE A CITYWIDE KIND OF DESTINATION IN PLACE. IT'S A NARROW WINDOW TO MAKE THE COMMITMENT THAT'S FAIR OR NOT, WHATEVER IT IS. BUT, UM, IF WE DON'T MAKE THIS COMMITMENT NOW, IF YOU ALL DON'T START THE BALL ROLLING, I DON'T THINK THE PRIVATE MONEY AND THE PHILANTHROPY WILL COME IN. UM, AND THERE ARE ALWAYS GONNA BE URGENT NEEDS AND TRADE-OFFS IN ANY GIVEN FISCAL YEAR. BUT WE'RE GONNA BE TALKING ABOUT A LOT OF THOSE OTHER TRADE OFFS AND THOSE NEEDS. AFFORDABLE HOUSING, UH, BUT BIG PROPONENT OF AFFORDABLE HOUSING. WE'LL BE TALKING ABOUT THOSE THINGS EVERY YEAR, EVERY BOND CYCLE. THERE'S JUST THIS NARROW WINDOW TO MAKE THE COMMITMENT TO THE ROADWAY ELEMENTS. UM, AND OF COURSE, WE GLAD YOU SEE FUNDING. THANK YOU SIR WALKER, YOUR TIME HAS EXPIRED. GOOD MORNING, KAI WHITE ON BEHALF OF PUBLIC CITIZENS TEXAS OFFICE. I'M GONNA PICK UP WHERE I LEFT OFF IN TERMS OF WHAT GOES ON THESE CAPS. IF THEY SHOULD COME TO FRUITION, I WOULD ENCOURAGE Y'ALL TO BACK AWAY FROM, UH, PUTTING AMENITIES ON THE CAPS OR NEAR THEM EVEN THAT ENCOURAGE PEOPLE TO DO INTENSE PHYSICAL ACTIVITY RIGHT AT A HIGHWAY. THIS IS LITERALLY ONE OF THE MORE DANGEROUS PLACES TO BE, UH, SPENDING TIME OR, AND DEFINITELY FOR EXERCISE WITHIN A THOUSAND FEET OF A HIGHWAY IS THE, THE MORE INTENSE AIR POLLUTION THAT YOU GET AFTER A THOUSAND FEET. IT STARTS TO TAPER OFF. SO YOU DO NOT WANNA SEND PEOPLE, UH, INTO THAT, THAT ZONE TO DO THINGS LIKE PLAY SOCCER, WHERE THEY'RE GONNA BE BREATHING IN EVEN MORE OF THAT AIR POLLUTION JUST BY NATURE OF BEING, OF BREATHING MORE HEAVILY. YOU ESPECIALLY WOULD NOT WANT CHILDREN OR ANYBODY WITH ASTHMA OR OTHER BREATHING CONDITIONS OR HEART CONDITIONS TO, UH, GO TO THOSE AREAS INTENTIONALLY. OF COURSE, WE ALL SPEND SOME TIME IN POLLUTED AREAS AND NEAR HIGHWAYS, BUT SETTING UP AMENITIES THAT DRAW PEOPLE TO THOSE ZONES IS NOT A GOOD PUBLIC HEALTH, UH, DECISION. AND I WOULD ENCOURAGE Y'ALL TO, UH, TRY TO GET SOME COUNCIL FROM PUBLIC HEALTH EX EXPERTS, UH, BEFORE YOU WOULD MOVE IN THAT DIRECTION BECAUSE AS I ALREADY, UH, YOU KNOW, DRIVE AROUND THE CITY AND I DO DRIVE, I RE YOU KNOW, IT IS A REALITY HERE. WE HAVE A LOT OF CAR TRAFFIC AND I SEE THAT WE HAVE A LOT OF SCHOOLS, THAT WE HAVE A LOT OF SPORTS FIELDS ALREADY NEAR HIGHWAYS. INSTEAD OF SPENDING THIS MONEY, SO MUCH MONEY TO PUT SPORTS FIELDS ON A HIGHWAY, LOOK AT OPTIONS FOR OUTSIDE OF THAT THOUSAND FOOT ZONE. AND YOU PROBABLY COULD DO A LOT MORE FOR THE SAME AMOUNT OF MONEY AND PUT SOCCER FIELDS OR WHATEVER ELSE, UH, IS NEEDED OR WANTED BY THE COMMUNITY. AND YOU COULD SERVE THE SAME POPULATION BECAUSE A THOUSAND FEET ISN'T SO FAR THAT YOU COULDN'T HAVE PEOPLE DRIVING OR WALKING. OUR NEXT SPEAKERS ARE TOM WALD, CHARLES DEHA COURT, HAYDEN WALKER. IF YOUR NAME HAS BEEN CALLED, PLEASE MAKE YOUR WAY TO THE PODIUM AND STATE YOUR NAME FOR THE RECORD. TOM WALD. AND I APPRECIATE THE DIALOGUE HERE. I APPRECIATE THE LAST SPEAKER, KEVIN WHITE SPEAK ON AIR QUALITY. UM, AND I, I JUST DISCOVERED THAT A FEW WEEKS AGO, THE AMERICAN LUNG ASSOCIATION GAVE AUSTIN AN F IN AIR QUALITY THAT HAS NOTHING, NOTHING TO DO WITH HOW CLOSE OR HOW FAR YOU ARE FROM I 35. WE HAVE AN AIR QUALITY CRISIS THAN WE HAVE FOR A LONG TIME. MY PARTNER HAS A HARD TIME. EVERY TIME SHE COMES BACK TO AUSTIN, HER LUNGS FREEZE UP BECAUSE IT'S, OUR AIR IS DIRTY. IF YOU'VE NOTICED THE LAST FEW DAYS, YOU CAN'T SEE VERY FAR. THAT'S BECAUSE OUR AIR IS DIRTY. WE ABSOLUTELY MUST TAKE ACTION TO IMPROVE BIKING AND WALKING. THE REASON WHY THIS PROJECT IS SO IMPORTANT, AND I I ALLUDED MENTIONED THIS BEFORE, GO TO THE AUSTIN BICYCLE PLAN, PAGE 51, THERE'S A HEAT MAP THAT SHOWS WHERE THE HIGHEST POTENTIAL IS FOR SHORT TRIPS. THAT'S, THOSE ARE TRIPS THAT ARE UNDER THREE MILES THAT ARE MOST LIKELY TO BE SUBSTITUTED. INSTEAD OF SOMEONE DRIVING, THEY'RE GONNA BE BIKING OR WALKING. I ENCOURAGE YOU TO LOOK AT THAT AND NOTICE THAT THAT HEAT MAP COVERS THE ENTIRE CAP AREA. THE, THE ALMOST THE HIGHEST CATEGORY WHERE THE, WHERE THE SHORT TRIPS ARE POSSIBLE BASED ON LAND USE. THAT'S WHERE WE'RE LIKELY TO SEE PEOPLE INSTEAD OF DRIVING TO BE WALKING, BIKING, NOT HAVING THE CAPS HELPS PREVENT THAT. YOU LOOK AT WHAT ALSO WHAT THE CAPS DO. IT HELPS PEOPLE BE FURTHER AWAY FROM WHERE THOSE OPENINGS DOWN TO THE HIGHWAY LANES WILL BE. SO THEY ACTUALLY DO, THEN, ESPECIALLY FOR PEOPLE WHO ARE ASTHMATIC, THEY CAN ACTUALLY CROSS IT. JUST SOME SELECT PLACES ON I 35 TO HELP AVOID THE, THAT, THAT, THAT THICKNESS OF SMOKE THAT, THAT PEOPLE WILL GET CROSSING AT [01:35:01] THE TECH STOP PROVIDED, UH, CROSSINGS. UM, AND THEN I JUST WANNA SAY, UM, I'D MENTIONED I'VE BEEN IN THIS WORK FOR 2006. FIRST WITH LEGAL BICYCLING VOTERS BIKE AUSTIN, PEOPLE UNITED FOR MOBILITY ACTION, AUSTIN BICYCLE ADVISORY COUNCIL, WALK, WALK, UH, PESTERING ADVISORY COUNCIL WALK. AUSTIN BEEN WORKING ON THIS. AUSTIN OUTSIDE AS WELL. NOT NOT REPRESENTING THOSE ORGANIZATIONS HERE, UM, BUT BEEN DOING THIS WORK FOR A LONG TIME. TALKED WITH THOUSANDS OF PEOPLE ABOUT BIKING. NOT EVERY PERSON WHO COME, NOT EVERY, EVERYONE'S DIFFERENT WHEN THEY COME TO BICYCLING. DIFFERENT PEOPLE NEED DIFFERENT THINGS TO BRING THEM, TO BE ABLE TO MAKE THOSE TRIPS. I CAN EASILY FIND A PERSON WHO'S LIKE, THIS WON'T MAKE ANY DIFFERENCE. I COULD 15 YEARS AGO, THERE WERE PEOPLE SAY, WHY DO WE NEED BIKE LANES? I DON'T NEED A BIKE LANE. I'LL JUST, I'LL JUST SHARE THE LANE. THANK YOU MR. WORLD. GOOD MORNING COUNCIL MEMBERS. MY NAME IS CHARLES ARDT. I'M A HAPPY RESIDENT OF DISTRICT NINE, AND I'M THE PRESIDENT OF THE HANCOCK NEIGHBORHOOD ASSOCIATION, WHICH HAS AN OFFICIAL SUPPORT, UH, UH, OFFICIAL, UH, POSITION OF SUPPORTING THIS MOTION. AS A NUMBER OF OTHER NEIGHBORHOOD ASSOCIATIONS HAVE, I'D LIKE TO THANK OUR COUNCIL MEMBER, COUNCIL MEMBER VELA, COUNCIL MEMBER VELASQUEZ, COUNCIL MEMBER HARTFORD MADISON, COUNCIL MEMBER, UH, ALTER, PARTICULARLY COUNCIL MEMBER ALTER ON YOUR WORK AND YOUR TEAM'S WORK ON FINANCING. THIS IS FANTASTIC. UM, A COUPLE THINGS. I SEE A DISCONNECT IN TERMS OF TIME. WE'RE TALKING ABOUT THINGS AS IF WE'RE GOING TO FINANCE THIS TOMORROW. THIS IS SOMETHING I WILL NOT SEE ALL THE CAPS MYSELF, I'M SURE IN MY LIFETIME. MY CHILDREN WILL, HOPEFULLY I'LL SEE SOME OF THEM. SO, AND THEN WE'RE, WE HAVE A DISCONNECT IN TERMS OF WE'RE LOOKING AT, IF WE'RE BALANCING TWO AS IF OUR LIMITED FINANCES MEANS WE CAN'T DO THESE OTHER THINGS. UM, I WOULD SUGGEST YOU GO TO ANY OF THE CITIES WHERE FREEWAYS HAVE BEEN CONVERTED TO SPACE FOR PEOPLE AND ASK PEOPLE IF, IF THIS IS SOMEHOW UNFAIR. IF YOU GO THERE, YOU WILL FIND THAT THIS IS THE MOST DEMOCRATIC THING YOU CAN DO, THE MOST PROGRESSIVE THING YOU CAN DO. BECAUSE WHEN A CITY CREATES PUBLIC SPACES, THE PUBLIC SPACES BENEFIT EVERYBODY. BUT MOSTLY THE LEAST ADVANTAGED BECAUSE, BECAUSE PEOPLE WHO HAVE ADVANTAGE CAN GO TO PRIVATE SPACES. SO I HIGHLY RECOMMEND IF YOU CARE ABOUT THE CITIZENS OF THE CITY, THAT YOU ALLOW THIS POSSIBILITY. AND KEEP IN MIND, THE TIME COMES IN. AGAIN, WE'RE NOT TALKING ABOUT FUNDING IT NOW, WE'RE TALKING ABOUT MAKING IT POSSIBLE FOR FUTURE GENERATIONS. THANK YOU FOR YOUR TIME. GOOD MORNING, MAYOR. UM, COUNCIL MEMBERS HAYDEN BLACK WALKER WITH RECONNECT AUSTIN. FOR 70 YEARS, WE'VE KNOWN THAT EXPANDING HIGHWAYS AND URBAN AREAS DOES NOT WORK. WE ALL KNOW THAT INDUCED DEMAND WILL CREATE MORE TRAFFIC, TRAFFIC THAT WILL BE DIS DUMPED ONTO OUR CITY STREETS. TRANSPORTATION FOR AMERICA STUDIED A HUNDRED CITIES ACROSS THE UNITED STATES, INCLUDING AUSTIN, AND FOUND THAT IN EVERY CASE WHEN LANE MILES WERE ADDED, CONGESTION GOT WORSE, OUTPACING POPULATION GROWTH, BUT TXTS FORGING AHEAD, DOUBLING DOWN ON A BARRIER THAT REINFORCES OUR 1928 PLAN. REDLINING AND CONTINUING DISPARITIES. LITERALLY TENS OF THOUSANDS OF PEOPLE TOOK TIME OUT OF THEIR LIVES AND TO ATTEND YEARS OF PUBLIC MEETINGS AND PROVIDE FEEDBACK THROUGH ALL PHASES OF SCOPING. AND DURING THE ENVIRONMENTAL IMPACT STATEMENT, NO AUSTINITE WAS EVER ALLOWED TO GO TO A POLLING PLACE AND VOTE ON THIS HIGHWAY, NOT WHEN IT WAS BUILT, AND NOT NOW THAT TEXTILES DECIDED TO WIDEN IT TO SWINNEY LANES BECAUSE THIS IS A SYSTEM THAT'S RIGGED TO ALWAYS DELIVER MORE OF THE SAME. WHEN YOU HAVE A HUNDRED BILLION DOLLARS HAMMER, EVERYTHING LOOKS LIKE A NAIL. AS A NATIVE AUSTINITE, THIS PROJECT MAKES ME SAD. THE TECH STOCK PART OF THE PROJECT. THE QUESTION BEFORE YOU IS HOW DO YOU PRESERVE THE CITY'S ABILITY TO MITIGATE SOME OF THE DAMAGE? MITIGATION SHOULD BE THE PART OR THE RESPONSIBILITY OF TECH, BUT THEY DON'T SEE IT THAT WAY. HOW DO YOU PLAN FOR A FUTURE WHERE INFRASTRUCTURE WILL BE IN PLACE FOR ANOTHER 70 TO A HUNDRED YEARS? AND HOW DO YOU PRESERVE YOUR FUTURE OPTIONS? I'M HERE TO ASK YOU TO FUND ALL OF THE STRUCTURAL ELEMENTS. WE'VE SPENT MORE THAN A DECADE PLANNING FOR CAPS OVER I 35. THE FUTURE WILL BE DIFFERENT IN MANY WAYS THAT WE CANNOT PREDICT, AND WE NEED TO PRESERVE OUR OPTIONS TO MANAGE THAT UNKNOWN FUTURE TO THE BEST OF OUR ABILITY FOR FUTURE GENERATIONS. AS YOU TAKE THIS VOTE, I ENCOURAGE YOU TO LEVERAGE THE MOMENT TO THINK ABOUT HOW THE CITY CAN IMPROVE THE PROJECT BY LOOKING FOR A MULTITUDE OF FUNDING SOURCES. TURNING THE FRONTAGE ROADS INTO CITY STREETS, MAKING SURE TXDOT ACTUALLY MONITORS THE AIR QUALITY, WHICH THEY HAVE NEVER DONE SINCE THIS PROJECT WAS BUILT 63 YEARS AGO. LOOK AT EVERY OPPORTUNITY TO IMPROVE SAFETY FOR EVERYONE. CONTINUING WITH ITEM 42, WE HAVE CRAIG NASER, ROY WHALEY, MIRIAM SCHOEN FIELD. IF YOUR NAME HAS BEEN CALLED FOR ITEM 42, PLEASE MAKE YOUR WAY TO THE PODIUM AND STATE YOUR NAME FOR THE RECORD. HI, MY NAME IS MIRIAM SCHOFIELD. I'M A RESIDENT OF DISTRICT NINE AND I'M HERE TODAY [01:40:01] REPRESENTING WE THINK 35. WE ARE EXTREMELY GRATEFUL TO COUNCIL TO STAFF AND TO ALL OF OUR FELLOW ADVOCATES FOR THE WORK THAT HAS GONE INTO THINKING THROUGH HOW TO ADDRESS THE HARMS CAUSED BY OUR URBAN HIGHWAYS. AND WHILE WE SEE THE I 35 CAPS AS OFFERING SOME BENEFITS, WE ARE NOT CONVINCED THAT THEY DELIVER THE BIGGEST BANG FOR OUR BUCK WHEN IT COMES TO ADDRESSING THE HARMS THAT URBAN HIGHWAYS CAUSE. SO I'M GONNA GIVE A COUPLE OF EXAMPLES OF THIS, BUT I FIRST JUST WANNA SAY THAT THESE REMARKS ARE PREMISED ON THE REPORTS FROM STAFF, AND SPECIFICALLY ON THE ASSUMPTION THAT THE CAPS ARE COMPETING WITH OTHER CITY PROJECTS FOR DOLLARS. IF THAT TURNS OUT NOT TO BE THE CASE, OUR PERSPECTIVE MAY BE DIFFERENT. SO FIRST, CONNECTIVITY. IF WE WANT TO RECONNECT EAST AND WEST AUSTIN, WHY ARE WE PRIORITIZING INVESTING IN ENHANCING EXISTING CROSSINGS WHEN WE COULD INSTEAD BE ADDING NEW CROSSINGS? CITY STAFF HAVE IDENTIFIED SIX ADDITIONAL CROSSINGS ALONG THE I 35 CORRIDOR FOR $50 MILLION, WHICH WOULD CREATE CONNECTIONS BETWEEN EAST AND WEST THAT DON'T ALREADY EXIST IN SOME OF THESE LOCATIONS. PEOPLE CURRENTLY WOULD HAVE TO WALK OR BIKE MILES OUT OF THEIR WAY JUST TO GET ACROSS THE HIGHWAY. AND THAT'S JUST I 35. THERE ARE MASSIVE CONNECTIVITY NEEDS ACROSS HIGHWAYS THROUGHOUT THE CITY. SECOND, UM, WHY ARE WE PRIORITIZING INVESTMENTS TO ENCOURAGE HIGH DENSITY DEVELOPMENT ALONG A HIGHWAY INSTEAD OF, UM, MAKING INVESTMENTS THAT ENCOURAGE SUCH DEVELOPMENT IN OUR TRANSIT CORRIDORS? THERE ARE MANY PROBLEMS WITH ENCOURAGING SUCH DEVELOPMENT ALONG HIGHWAYS. UM, ONE IS, IT IS NOT SAFE TO LIVE WITHIN 500 FEET OF A HIGHWAY THERE THAT INCREASES ONE'S RISK FOR ASTHMA, LUNG CANCER, PRETERM BIRTH STROKES, AUTISM AND DEMENTIA. AND SECOND, LIVING NEXT TO A HIGHWAY ENCOURAGES CAR USE LIVING NEXT TO TRANSIT, ENCOURAGES TRANSIT USE. SO, UM, WHILE COUNCIL IS MAKING THIS REALLY DIFFICULT DECISION, WE REALLY ENCOURAGE ALL OF YOU TO THINK HOLISTICALLY ABOUT THESE BROADER, HOW ARE Y'ALL ROY WHALEY AGAIN. I'M GLAD TO SEE YOUR ANKLE AND FOOT ARE DOING BETTER, MIRIAM, THAT'S VERY GOOD. UM, AND, AND TO I'M A CYCLIST. I HAVE A CAR, I DRIVE A CAR WHEN I NEED TO, BUT MOSTLY I RIDE THE BUS OR RIDE AND IT'S KINDA HAIR RAISING FOR ME TO GO UNDER I 35, UH, ON THE LANCE ARMSTRONG, EAST AND WEST. SO I CERTAINLY SUPPORT THE BIKE INFRASTRUCTURE OVER I 35. WE NEED THAT. AND THAT DOES CONNECT AUSTIN, UM, BACK TO, UM, CLYDE WARREN PARK, A PLACE I FREQUENTLY VISIT TO FREQUENTLY. UH, ANYWAY, UM, THAT WAS PUT THERE AND THE BUSINESS WAS ALREADY THERE. IT DIDN'T ATTRACT BUSINESS. IT DIDN'T BRING BUSINESS. BUSINESS IS WHAT PAID FOR IT. WE DON'T HAVE THE MONEY NOW THAT'S ALREADY BEEN EATEN UP BY, BY THE WALLER CREEK GREENWAY. WE DON'T HAVE THAT FINANCING. AND WHILE I LIKE TO BET ON THE FUTURE, I'M SORRY, I'M KIND OF OLD AND CREAKY AND I'M NOT SURE ABOUT THIS FUTURE. I WORRY ABOUT MY GRANDKIDS. I WORRY ABOUT EVERYONE'S GRANDKIDS. I WORRY ABOUT HAVING ENOUGH PARK AND GREEN SPACE ACROSS THE CITY OF AUSTIN. WE, WE HAVE GREAT PARKS. WE CAN ADD MORE. WE DON'T NEED POTTED TREES THAT HAVE TO BE REPLANTED EVERY 15 YEARS FROM AN ENVIRONMENTAL ASPECT. ASTROTURF DOESN'T ABSORB CARBON AT ALL SO FAR AS I KNOW. AND THAT'S WHAT WILL BE THERE. UM, AND WE'VE GOT , WE'VE GOT GREAT FOOD TRUCKS ALL OVER TOWN. SO THERE ARE, THERE ARE A LOT OF THINGS THAT YOU CAN SAY ABOUT IT, BUT NOT ENOUGH IN FAVOR. UM, YOU KNOW, IF WISHES WERE FISHES, MY MY KRILL WOULD BE FULL. AND SO WOULD THE DOWNTOWN ALL SPEAKERS FOR ITEM 42 HAVE BEEN CALLED AT THIS TIME. WE'LL MOVE ON TO ITEM 43 REMOTELY. WE HAVE BARBARA EPSTEIN. CAN YOU ALL HEAR ME? YES. CAN YOU ALL HEAR ME? YES, WE CAN. YES, WE CAN HEAR YOU. OKAY, GOOD. THANK YOU. MY NAME IS BARBARA EPSTEIN. I LIVE IN DISTRICT NINE JUST NORTH OF UT. I OPPOSED THE CAPTAIN STITCH PLAN FOR SEVERAL SPECIFIC REASONS. AS THE ASSOCIATION PRESIDENT AT THE TIME, I COULD NOT GET ANYONE FROM TXDOT OUR FUTURE 35 OR MY COUNCIL MEMBER'S OFFICE TO DISCUSS WHERE CAPS COULD BE PLACED OR THE HEALTH AND SAFETY MEASURES TO BE MADE ADJACENT TO MAJOR HOUSING SITES WITH [01:45:01] NO CAP ALONG I 35. NO INFORMATION WAS DISSEMINATED ABOUT THE PLAN UNTIL WE WERE TOLD THAT THE DECISIONS HAD ALREADY BEEN MADE WHERE CAPS WOULD BE PLACED. PERHAPS THE LOCATION WAS THE ONLY PLACE IT COULD BE LOCATED. BUT WE DON'T KNOW IF YOU WILL HAVE A PARK MAINTENANCE BUDGET THAT CAN WATER AND MAINTAIN THE CAPS AND STILL MAINTAIN OUR LOCAL PARK AND GOLF COURSE. WE DON'T KNOW IF THE HOMELESS ENCAMPMENTS THAT KEEP RETURNING TO EASTWOOD PARK WILL TAKE OVER THE CAP AS WELL. WE DON'T KNOW IF THERE IS ANY PLAN TO REPAIR LEAKING WATER LINES IN HANCOCK. AFTER A UT REPORT CONCLUDED THAT 90% OF WATER CREEK'S FLOW IS FROM LEAKING WATER PIPES IRRIGATION AND WASTEWATER OVERFLOW. WE DON'T KNOW IF THERE IS ANY PLAN TO REDUCE AIR POLLUTION AND PRESERVE OUR REMAINING MATURE URBAN TREE CANOPY, EVEN THOUGH YOU APPROVE NEW HOUSING PROJECTS FOR MORE THAN 600 PEOPLE. ALONG A STRETCH OF I 35 WITH NO CAP YET IT HAS BEEN SHOWN THAT A MERE TWO HOURS EXPOSURE TO CAR FUMES NEGATIVELY AFFECTS THE HUMAN BRAIN. AND THERE APPEARS TO BE NO PLAN WHATSOEVER TO IMPROVE BUS SERVICE IN HANCOCK AND REDUCE CAR TRAFFIC. IN MY EXPERIENCE AS A DISABLED SENIOR, IT NOW TAKES LONGER TO TAKE THE BUS THAN TO WALK A MILE FOR HALF AN HOUR TO THE GROCERY STORE OR DOCTOR IN THE IMMEDIATE NEIGHBORHOOD AND IMPOSSIBILITY IN OUR HOT SUMMERS. MOST OF ALL, I'M DISAPPOINTED THAT OUR CITY THAT HOLDS ITSELF OUT AS DEMOCRATIC, INNOVATIVE AND ENVIRONMENTALLY FRIENDLY SEEMS TO CONSISTENTLY SUPPORT THE INTEREST OF DEVELOPERS WHO PRIORITIZE IMMEDIATE PROFIT OVER THEIR DEVELOPMENTS EFFECT ON THE SAFETY AND QUALITY OF LIFE IN OUR NEIGHBORHOODS. THANK YOU MS. STEIN. YOUR TIME HAS EXPIRED AND 11, OH, SORRY. UM, WE'LL MOVE ON TO 43 IN PERSON. WE HAVE KABA WHITE, RICHARD MAYER AND TOM WALD IF YOU'D LIKE TO SPEAK. UM, WE ALSO HAVE CRAIG NASER AND ROY WHALEY. THOSE ARE ALL THE ITEM 43 SPEAKERS. HI, TOM WALD AGAIN WITH REDLINE PARKWAY INITIATIVE. AND I'M NOT JUST GONNA REPEAT THINGS I SAID BEFORE. UM, I HAVE A COUPLE POINTS TO MAKE. UM, ONE IS, IF Y'ALL LOOK BACK TO THE NEWS OF, UM, OVER 10 YEARS AGO AND THE BOARDWALK AS A DISCUSSION, UM, THAT WAS HANGING BY A THREAD WHEN IT WAS, UH, PROPOSED. IT WAS, UH, PROPOSED AS A RECREATIONAL AND A TRANSPORTATION PROJECT. BUT SOME PEOPLE WERE SKEPTICAL THAT WAS ACTUALLY A TRANSPORTATION PROJECT AND THAT WAS WHAT ALMOST SANK IT. BECAUSE THE TRUTH IS YOU COULD PUT CYCLE TRACKS BIKEWAYS ALONG RIVERSIDE AND NOT HAVE THE, THE BOARDWALK THERE. IT WAS A HUGE INVESTMENT AT THE TIME. THERE WAS SKEPTICISM ABOUT THE PHILANTHROPIC MATCH AND ULTIMATELY THE PHILANTHROPIC MATCH THAT WAS INITIALLY PLEDGED WASN'T ENOUGH. AFTER THE BOARDWALK WAS PASSED BY VOTERS AS PART OF OTHER PROJECTS, IT PULLED MONEY FROM THE THIRD STREET BIKE LANES. I HAD A LOT OF HEARTBURN OVER THAT, BUT I WAS LIKE, YOU KNOW, YOU YOU, YOU CAN'T BE SO PAROCHIAL. YOU HAVE TO, YOU, YOU KNOW, I REALLY CARED ABOUT THE THIRD STREET BIKEWAY, BUT MAN, THAT'LL COME THROUGH THE NEXT BOND CYCLE. AND SURE ENOUGH, IT DID. AND WE HAVE THE THIRD STREET BIKEWAY. IT'S INCREDIBLY POPULAR. UM, THE OTHER THING I WANTED TO SAY IS I REALLY DO THINK THIS IS GONNA COME DOWN TO THE WIRE BY THURSDAY WITH ABOUT, WITH THE QUESTIONS ABOUT THE FUNDING STACK. AND SO I, I'D REALLY ENCOURAGE ALL OF YOU TO, TO, TO, HOPEFULLY YOU CAN BUILD UP CONFIDENCE THAT WE HAVE ENOUGH OF A FUNDING STACK FROM SOURCES THAT DON'T NECESSARILY AFFECT BONDING CAPACITY. AND THAT, UM, WE CAN HOPEFULLY SORT THAT OUT BECAUSE I, I THINK I, I UNDERSTAND THE SENSITIVITY TO TAKE AWAY FROM THINGS THAT CAN BE FUNDED THROUGH BOND CAPACITY. I WOULD ENCOURAGE YOU TO FUND ALL THE ROADWAY ELEMENTS, THE, THE FOUNDATIONAL SUPPORTS FROM CESAR CHAVEZ UP TO THE NORTHERN CROSSING OF THE RED LINE. UM, AND, AND I THINK WITH GOOD CONFIDENCE, GOOD FAITH, MAKE THAT COMMITMENT THIS THURSDAY. AND IF WORSE COMES TO WORSE NEXT YEAR AND YOU NEED TO PULL BACK ON ONE OF THOSE FOUNDATIONAL ELEMENTS, THEN YOU HAVE THAT PREROGATIVE. AND I, I REALLY ENCOURAGE YOU TO, TO MAKE SURE THAT YOU MAKE THAT DECISION IS THURSDAY. THANKS VERY MUCH. HELLO AGAIN, KABA WHITE ON BEHALF OF PUBLIC CITIZENS TEXAS OFFICE. THE LAST THING THAT I WANTED TO, UH, MAKE SURE THAT Y'ALL SAW, I THINK IT WAS PASSED AROUND, IS A RESOLUTION THAT THE JOINT SUSTAINABILITY COMMITTEE DID, UH, ADOPTED OUR LAST MEETING AROUND THE CAP AND STITCH ISSUE. WE HAD A ROBUST DISCUSSION, AND I THINK THERE WERE DEFINITELY SEVERAL OF US WHO, UH, IF, IF THESE CAPS AND STITCHES COULD BE DONE WITHOUT A BURDEN TO THE CITY, UH, PERHAPS THERE IS A ROLE THAT THEY COULD PLAY. BUT OVERALL, THE RESOLUTION IS ENCOURAGING YOU ALL TO REALLY LOOK AT THOSE TRADE OFFS. LOOK AT IF ARE THERE OTHER WAYS TO MITIGATE THIS HARM IN A MORE COST EFFECTIVE WAY, IN A MORE EFFECTIVE AND MORE EQUITABLE WAY? I'LL LEAVE IT FOR YOU TO, TO READ WHAT IS IN THE RESOLUTION. I HOPE YOU DO. SO. THANK YOU [01:50:01] ROY WHALEY, SIERRA CLUB AGAIN. UM, I WANT TO THANK, UH, MIKE SIEGEL FOR SOMETHING. HE SAID THAT IT'S BETTER TO PUT A ROOF OVER SOMEONE'S HEAD THAN OVER A BUNCH OF CARS. AND THAT IS WHAT YOU WERE ELECTED TO DO. YOU WERE ELECTED BY THE PEOPLE. YOU WERE ELECTED BY INDIVIDUAL VOTERS. YOU WERE NOT ELECTED TO REPRESENT INTEREST OF BUSINESS IN 50 YEARS. WE'RE TALKING ABOUT THE PEOPLE NOW THAT NEED THE PARKS NOW IN OTHER AREAS THAT NEED THE ROOFS OVER THEIR HEADS THAT NEED THIS MONEY TO BE SPENT ON THEM, THE PEOPLE THAT ELECTED YOU. AND I BELIEVE YOU'RE ALL PEOPLE WITH GOOD HEARTS. I BELIEVE ALL OF YOU WANT TO DO THE RIGHT THING. I DISAGREE, BUT I DON'T DOUBT ANY OF YOU AND, AND THE GOOD FEELINGS AND HEARTS THAT YOU HAVE. UM, I'M NOT GONNA HAMMER ON CLYDE WARREN PARK TOO MUCH, BUT YEAH, IT'S NOT A PLACE TO GO IF YOU WANT CLEAN AIR, IN FACT, DOWNTOWN ISN'T. BUT ANYWAY, UH, IF YOU HAVEN'T READ JACK CRAVER'S, UH, LATEST NEWSLETTER OR RECENT NEWSLETTER, PLEASE DO. THE SPENDING ISN'T POSSIBLE. I MEAN, I SAW A WONDERFUL BICYCLE THAT I REALLY WANTED THE OTHER DAY. I HAVE A GREAT BICYCLE. I CAN'T AFFORD THAT OTHER BICYCLE. SO GUESS WHAT? I'M HAPPY WITH THE BICYCLE I HAVE THAT TAKES ME TO PLACES LIKE ROY GUERRERO PARK THE OTHER DAY, UH, AS I RODE THROUGH DISTRICT TWO THE OTHER DAY. UM, AND THEN WEST OVER CLOSE TO, UM, UH, TRAVIS COUNTRY. ANYWAY, I DON'T HAVE THE MONEY FOR A NEW BIKE. WE DON'T HAVE THE MONEY FOR THIS EITHER. LET'S PUT THE MONEY WHERE IT REALLY NEEDS TO GO. THAT'S THE PEOPLE ALL SPEAKERS FOR ITEM 43 HAVE BEEN CALLED. AND THAT CONCLUDES THE PUBLIC SPEAKING PORTION. THANK YOU VERY MUCH. AND, UH, WE'LL GO AHEAD AND COME BACK TO THE DIOCESE RIGHT NOW. UNDERSTAND COUNCIL MEMBER SIEGEL HAS, UH, UH, SOME SLIDES, UH, PRESENTATION THAT HE WANTS TO GO THROUGH. YES, I PROMISE TO KEEP IT BRIEF. UH, JUST FOLLOWING THE FOOTSTEPS OF, UH, MY FELLOW COUNCIL MEMBERS. I'LL TURN UCHIN. UM, YEAH, IF STAFF WOULDN'T MIND. UM, YOU KNOW, WE'VE HAD SO MUCH DISCUSSION OF, OF THIS ISSUE AND SO, UH, TRYING NOT TO TREAD OVER GROUND WE'VE ALREADY DISCUSSED, BUT, UM, I GUESS IS THE BEST WAY FOR ME TO SAY NEXT SLIDE, JUST TO SAY NEXT SLIDE WHEN I GET THERE. OKAY, THANK YOU. UM, SO I JUST WANNA KIND OF FOCUS ON A COUPLE THINGS THAT I FEEL LIKE HAVE BEEN LOST IN SOME OF THE PUBLIC DISCUSSION. UH, SO ABOUT THE SLIDES, WHAT DO WE GET? SO THE NEXT SLIDE, UM, YOU KNOW, THIS IS AN IMAGE THAT'S BEEN SHARED A LOT ABOUT WHAT FIFTH STREET WOULD LOOK LIKE WITH THE CAPS. AND THEN NEXT SLIDE PLEASE. AND THEN THIS IS THE SCARY IMAGE THAT WE'VE BEEN SHOWN OF WHAT FIFTH STREET WOULD LOOK LIKE WITHOUT THE CAPS. UH, NEXT SLIDE. UM, BUT I WANTED TO EMPHASIZE HERE THAT WITH THE EXISTING TXDOT PLANS, THERE'S GONNA BE CROSSINGS AT FIFTH STREET, SIXTH STREET, AND SEVENTH STREET. AND SO, UM, AND WE EVEN HEARD EARLIER DISCUSSION ABOUT THE IDEA OF CONTIGUOUS PARKLAND ON TOP OF THE FREEWAY. WE HAVE TO BE REALLY CLEAR THAT THAT'S NOT, IS WHAT IS BEING PROPOSED. UH, NEXT SLIDE PLEASE. AND SO THIS IS NOT, UM, YOU KNOW, A PASSIONATE GRAPHIC DESIGN IMAGE HERE. THIS IS A, MY CHIEF OF STAFF WHO LIKES TO SAY SHE'S NOT A GRAPHIC DESIGNER, BUT REALLY, UH, WE HAVE TO BE CLEAR THAT GIVEN THAT THE CROSSINGS ARE PART OF TECH STACK'S PLAN, THE CAPS ARE JUST KIND OF INTERSTITIAL, UH, BETWEEN THESE CROSSINGS. UH, NEXT SLIDE. AND SO, UM, THIS IS AN IMAGE THAT PROBABLY IS MORE ACCURATE 'CAUSE UNLIKE SOME OF THE, THE KIND OF PROMOTIONAL IMAGES THAT HAVE BEEN SHARED. UH, THIS LAST ONE HERE SHOWS THAT NO, THERE'S, THERE'S ROADS IN BETWEEN SIGNIFICANT ROADWAYS. UM, AND THEN IF YOU WOULD SKIP TO, UM, I GUESS TWO SLIDES MORE. AND SO THIS IS TEXT DOT THE IMAGE ON THE LEFT HERE IS WHAT THE CROSSINGS WILL LOOK LIKE UNDER TDOT'S PLAN. AND THIS IS SOMETHING THAT I FEEL LIKE HAS BEEN LOST. THE CROSSINGS ARE ACTUALLY A BIG IMPROVEMENT IN TERMS OF WHAT TXDOT IS DOING. AND THEN IF YOU LOOK AT THE PHOTO ON THE RIGHT, THIS IS JUST ME POINTING OUT SOMETHING THAT'S BEEN IN INACCURATE. WE HAVE SINCE LEARNED THAT THERE WILL BE NO TREES ADDED TO THE CROSSINGS. SO, UH, THIS PROMOTIONAL IMAGE ABOUT CAP AND STITCH SHOWS THAT THERE'S BE, YOU KNOW, TALL TREES ON THE CROSSINGS AND THAT IS NOT THE CASE. UH, NEXT SLIDE PLEASE. UM, RETHINK ALREADY KIND OF HIT THIS NEXT POINT, BUT BASICALLY IF OUR GOAL IS CROSSINGS, IF OUR GOAL IS CONNECTIVITY, UH, FOR ABOUT $50 MILLION TOTAL, WE COULD BUILD SIX TRUE NEW CROSSINGS ACROSS I 35. UH, WE'VE HEARD MAYOR PRO TEM FUENTES TALK ABOUT HOW, YOU KNOW, THE FREEWAY EXPANSION HAS BEEN HAPPENING SOUTH THE RIVER IN, IN [01:55:01] DISTRICT TWO. AND THERE ARE PLACES WHERE CROSSINGS ARE EXTREMELY DIFFICULT TO ACCESS. AND SO IF OUR GOAL IS MOBILITY ACCESSIBILITY FOR MUCH LESS MONEY, WE COULD BUILD, UH, TRUE CROSSINGS. UM, SO NEXT SLIDE. THIS IS ONE THAT WAS PROBABLY BETTER IF YOU READ IT, UH, VERSUS SHOWING IT ON THE SCREEN HERE. BUT JUST WANTED TO DEBUNK A FEW OF THE TOP LEVEL POINTS. YOU KNOW, YOU WILL STILL BE SURROUNDED BY ROADS WHEN YOU'RE ON THESE CAPS. UH, WE'VE HEARD FROM MULTIPLE SPEAKERS THAT EXERCISE NEAR A HIGHWAY, UM, IS A REAL RISK. UM, THIS IDEA OF MITIGATION, I FEEL LIKE IS OVERPLAYED. WE'RE NOT GONNA BE MITIGATING AIR QUALITY. UH, THERE'S NOT GONNA BE A LOT OF ENVIRONMENTAL MITIGATION. AND WE HEARD FROM THE JOINT SUSTAINABILITY, UH, COMMISSION THAT THIS IS NOT A CLIMATE PROJECT. THIS DOESN'T ADVANCE OUR CLIMATE EQUITY PLAN. NEXT SLIDE PLEASE. SO JUST REHASHING HERE, DALLAS, WITH ITS THREE CAP PROJECTS COMBINED, THE CITY PUT IN $37 MILLION. BY CONTRAST THE KIND OF STAFF RECOMMENDATION, WHICH I GUESS IS THE MORE MODEST PROPOSAL ON THE TABLE RIGHT NOW, UH, WOULD HAVE THE CITY PUTTING IN 49 40 $9 MILLION JUST FOR THE FIRST PHASE. UH, NEXT SLIDE. AND BY CONTRAST, UM, THE, THE SUB QUORUM THAT'S FAVORING THE NORTHERN CAPS HAS ASKED FOR APPROVAL OF UP TO $410 MILLION. UM, NEXT SLIDE PLEASE. AND THEN THIS IS JUST ANOTHER VISUAL THAT SHOWS, UM, THAT EVEN IF WE ONLY DO THE STAFF RECOMMENDATION AND WE FIND PHILANTHROPY AND OUTSIDE SOURCES FOR EVERY SUBSEQUENT ELEMENT OF THE PROJECT, WE WOULD STILL BE PAYING MORE THAN DALLAS DID. UM, AND THAT OF COURSE IS NOT INCLUDING THE, UH, NORTHERN CAP PROPOSAL. UM, THE NEXT COUPLE SLIDES, IF WE COULD JUST DO MAYBE FIVE SECONDS EACH. UM, THIS IS JUST FOR CONTEXT OF WHAT ADDITIONAL, ACTUALLY GO BACK ONE, I'M SORRY, I'M NOT GOING FAST ENOUGH. UM, EVEN JUST THE STAFF RECOMMENDATION, WE'RE TALKING ABOUT A TOTAL PROJECT COST OF 346 MILLION TO 530 MILLION. THAT'S JUST THE TWO DOWNTOWN CAPS THAT STAFF ARE RECOMMENDING. THE NORTHERN COST BASICALLY 800 MILLION TO 1.2 BILLION. UH, NEXT SLIDE PLEASE. THIS ONE ILLUSTRATES THE IDEA THAT WE MIGHT BE DEPENDING TOO MUCH ON PRIVATE PHILANTHROPY. IN FACT, WE ALMOST CERTAINLY ARE. SO DALLAS, WHICH HAS MUCH MORE ROBUST PHILANTHROPY, A LONG HISTORY OF OIL BARONS AND CATTLE BARONS GIVING TO PUBLIC WORKS, THEY RECEIVED A TOTAL OF $125 MILLION IN PRIVATE DONATIONS. AND SO WE'VE GOT A FUNDING GAP, WHETHER IT'S THE STAFF RECOMMENDATION OF 346 MILLION TO 530 MILLION GAP OR THE NORTHERN CAP PROPOSAL, BASICALLY 800 TO 1.2 BILLION GAP IN SCALE AND SCOPE. IT'S MANY TIMES MORE THAN THE TOTAL COMMITTED BY DALLAS PHILANTHROPY. AND DALLAS PHILANTHROPY IS MUCH FURTHER AHEAD IF YOU TALK TO ANYONE IN THE PHILANTHROPIC WORLD. MUCH FURTHER AHEAD IN TERMS OF GENEROSITY COMPARED TO AUSTIN. UM, THE NEXT SLIDE, UH, HITS AT A POINT THAT KIND OF CAME UP DURING THE DAA ECONOMIC IMPACT REPORT. UH, THE COST PER ACRE OF DOWNTOWN CAPS, WE'RE TALKING ABOUT $29 MILLION WHERE ADJACENT LAND, UH, BETWEEN NINE AND $10 MILLION. AND THEN, UM, THEN THESE NEXT SLIDES ARE ABOUT BASICALLY TRADE-OFFS. WE, WE HEARD ONE OF, UM, THE SPEAKERS ELOQUENTLY SAY FROM THE NEIGHBORHOOD ASSOCIATION, UH, NEAR CHERRYWOOD, THAT, UM, WE SHOULD BE BUILDING PUBLIC WORKS FOR EVERYONE. BUT THESE, THESE ARE EXAMPLES WE PARK PROJECTS THAT WOULD COST A TINY FRACTION, YOU KNOW, A BEAUTIFUL CHILDREN'S PARK IN, UH, BUTLER PARK. UH, $6 MILLION. THE NEXT SLIDE, UH, AN ALL ABILITIES PARK IN CALIFORNIA, $10 MILLION. UM, THE NEXT SLIDE IS BASICALLY ADDRESSING THIS IDEA OF HEAT BECAUSE WE'VE HEARD SOME PEOPLE SAY THAT, THAT THE CAPS WILL BE HEAT MITIGATION. UM, AND SO THE NEXT SLIDE SHOWS THAT, UH, WE COULD BUILD A BEAUTIFUL SPLASH PAD FOR $3 MILLION. RIGHT? THE NEXT SLIDE AFTER THAT, ANOTHER BEAUTIFUL SPLASH PAD IN, UH, IN OKLAHOMA. AND THEN, UM, THE NEXT SERIES OF SLIDES GETS AT THE POINT MADE BY, UM, THE REPRESENTATIVE OF THE JOINT SUSTAINABILITY COMMISSION ABOUT CLIMATE AND SUSTAINABILITY. UM, THE NEXT SLIDE I JUST WANNA GET AT THIS OPPORTUNITY. WE HEARD ON THE CLIMATE, WATER ENVIRONMENT AND PARKS, UH, COMMITTEE, THE CITY COUNCIL COMMITTEE THAT ONE OF THE BEST CLIMATE INVESTMENTS WE COULD MAKE WOULD BE IN A REVOLVING CLIMATE FUND THAT WOULD FUND PROJECTS AND THEN KIND OF REINVEST, UH, SAVINGS INTO ADDITIONAL CLIMATE PROJECTS. FOR $5 MILLION, WE COULD DO A TREMENDOUS AMOUNT OF UPGRADES. $5 MILLION IS BASICALLY ONE 10TH OF THE ANNUAL OPERATING AND MAINTENANCE COST IF WE DID THE FULL CAP BUILD OUT. UM, THE NEXT SLIDE AFTER THAT SHOWS THIS, UH, AMAZING FOOD CO-OP PROGRAM THAT THE LAST COUNCIL DID UNDER MAYOR PROM, FUENTES LEADERSHIP. UM, BASICALLY THE TOTAL COST TO BUILD A FOOD CO-OP IN A A PART OF TOWN THAT'S A FOOD DESERT IS FIVE TO $10 MILLION. SO AGAIN, WE'RE TALKING ABOUT SOMEWHERE BETWEEN, UM, WHAT IS THAT 10 TO 20% OF THE ANNUAL OPERATING AND MAINTENANCE FOR THE FULL CAP BUILD OUT. WE COULD BUILD A A [02:00:01] FOOD CO-OP. UM, FINALLY, MOBILITY. UM, JUST WANTED TO HIGHLIGHT ON THE NEXT SLIDE AFTER THIS THAT THE MOST, UM, THE TOPIC THAT MY OFFICE GETS CALLED ABOUT MOST ABOUT MOBILITY IS HOW TO SLOW DOWN TRAFFIC IN NEIGHBORHOODS. IN THE ERA OF GOOGLE MAPS, PEOPLE ARE CONSTANTLY CUTTING THROUGH OUR NEIGHBORHOODS AS OUR CORRIDORS BECOME CONGESTED, AND WE DON'T HAVE ENOUGH MONEY TO SLOW DOWN TRAFFIC AS PEOPLE CUT THROUGH NEIGHBORHOOD STREETS. AND SO THE NEXT SLIDE SHOWS THAT WE CAN BUILD THESE, UM, VERY BEAUTIFUL PEDESTRIAN HYBRID BEACONS FOR ABOUT $200,000 A POP. UM, WE COULD BUILD TWICE AS MANY AS WE CURRENTLY HAVE FOR $22 MILLION FOR BICYCLE TRACK WITH DELINEATORS, 15,000 TO 30,000 PER MILE HARD PAVED TRAILS FOR BICYCLES, THREE TO $6 MILLION PER MILE. AND SO THERE'S OTHER MOBILITY OUTCOMES WE COULD GET FOR FAR LESS MONEY. AND FINALLY, JUST TO, UH, RETURN TO THE POINT THAT MR. WHALEY EMPHASIZED FOR ME, UH, HOUSING, I FEELS LIKE ONE OF THE BIGGEST TRADE OFFS HERE. AND WE JUST GOT THE REPORT ABOUT OUR, OUR HOUSING, UH, OUR PROGRESS AND MEETING OUR CITYWIDE HOUSING GOALS. THAT SIX YEARS INTO OUR HOUSING PLAN, WE'VE BUILT 426 OUT OF 20,000 UNITS NEEDED AT 30% MEDIUM FAMILY INCOME. AND SO, UH, ON THE FINAL SLIDE, WE, WE SEE, UM, THE INVESTMENTS MADE BY THE HOUSING FINANCE, UH, COMMISSION BOARD. UH, NEXT SLIDE PLEASE. UM, LAST DECEMBER WE INVESTED $40 MILLION IN BASICALLY BUILDING ABOUT 800 SUBSIDIZED UNITS OF HOUSING. AND SO YOU THINK ABOUT, UH, FOUR, UM, HUNDRED MILLION DOLLARS, WHICH WOULD BE THE NORTHERN CAP PROPOSAL, WE COULD BUILD SOMEWHERE IN THE, IN, IN THE BALLPARK OF 8,000 UNITS OF SUBSIDIZED HOUSING AND MAKE A BIG IMPACT. SO, UM, JUST WANTED TO PRESENT THESE VISUALS AS A WAY OF CLARIFYING SOME OF THE DISCUSSION POINTS. THANK YOU, CHAIR. UH, COUNCIL MEMBER ALTER, ARE WE ABLE TO ASK QUESTIONS OF THE PRESENTER? I BELIEVE SO. IF, IF YOU'RE GONNA GIVE A PRESENTATION. RIGHT. UH, THANK YOU COUNCILOR SIEGEL, I JUST WANT TO GET A, SOME CLARITY ON SOME OF THESE NUMBERS TO MAKE SURE THAT WE ARE JUST BEING FACTUAL HERE. ON SLIDE 15, YOU HAVE THAT THE STACK RECOMMEND STAFF RECOMMENDATION IS BETWEEN 346 AND $530 MILLION. CAN YOU OUTLINE HOW YOU GOT THOSE NUMBERS? THIS IS THE BUILD OUT FOR THE TWO CAPS. SO FOR CAESAR CHILDS THROUGH FOURTH AND 11TH THROUGH 12TH. YES, SIR. YEAH. SO LOOKING AT STAFF'S INFORMATION, THE FULL BILL FOR CESAR CHAVEZ TO FOUR IS $272 MILLION. THE FULL BILL COST FOR 11 THROUGH 12TH IS $123 MILLION. SO THAT'S $395 MILLION. SO WHERE ARE YOU GETTING $530 MILLION? THAT, THAT'S THE, THE LACK OF COST CERTAINTY. WE'VE BEEN TOLD THAT EVEN WITH, UH, THE WAY TXDOT DOES BUSINESS, EVEN IF WE MAKE THE PLEDGES RIGHT AWAY, THAT THERE'S A VARIABILITY WHERE THE COST CAN GO UP 35% OR MORE, 35% IF WE DID A CHANGE ORDER. BUT IF WE DO THIS NOW, THEN NO, NO. THE CHANGE ORDER, IT GOES UP EVEN MORE. RIGHT. WITH A CHANGE ORDER, IT'S A 35% ESCALATION IF WE DO IT TODAY OR BY NOVEMBER, AND WE CAN ASK THE TECH DO REPRESENTATIVE IF WE NEED TO. I SEE HER NODDING HER HEAD. UM, THEN THE COST IS WHAT HAS BEEN REPRESENTED. CAN WE I, CAN WE GET TEXT OUT UP HERE TO YEAH, I MEAN, THIS IS SOMETHING I'VE HEARD OVER AND OVER AGAIN THAT THE, THERE'S VARIABILITY. EVEN IF WE HAVE A, A A DOLLAR AMOUNT THAT'S PLEDGED BY TDOT OR REPRESENTED, THE COST CAN GO UP FROM THERE. GOOD MORNING, MAYOR COUNCIL MEMBERS, UH, HEATHER, ASHLEY NEWAN, TXDOT, UH, TRANSPORTATION PLANNING AND DEVELOPMENT DIRECTOR, TXDOT AUSTIN DISTRICT. SO HEATHER, IF WE, WE, YOU, YOU'VE SEEN THE TABLE A THOUSAND TIMES, I'M SURE, OF THE COST OF ALL OF THE VARIOUS, THE ROADWAY, THE DECKS AND TUNNELS ALL THE WAY THROUGH TO FULL BUILD. IF WE PLEDGE TOMORROW OR ON THURSDAY TO FUND, LET'S JUST SAY, LET'S SAY WE JUST FUND THE ROADWAY ELEMENTS AND BASED ON YOUR UPDATED MEMO, WE HAVE UNTIL NOVEMBER OF 2026 TO COMMIT TO THE DECKS AND TUNNELS. IF WE DO THAT, ARE WE SUBJECT TO A CHANGE ORDER? SO YOU HAVE UNTIL NOVEMBER OF 26, UH, TO FUND THE, THE DECK ELEMENTS WITHOUT A CHANGE ORDER? AND THAT WOULD BE THEN THE COST REFLECT IN THE TABLE THAT, UH, WITHOUT A CHANGE ORDER, WE DON'T HAVE THE 35% ESCALATION, CORRECT? CORRECT. SO IF WE DO WHAT THE OTHER SUB QUORUM HAS PROPOSED, WHICH IS FUND THE, THE ROAD ELEMENTS, AND THIS IS THE STAFF RECOMMENDATION, AND THEN TRY TO USE THE NEXT YEAR AND A HALF [02:05:01] TO COME UP WITH THE MONEY BY NOVEMBER OF 2026, THEN THAT COST WILL BE THE COST IN THE TABLE WITH NO CHANGE ORDERS AND NO ESCALATION. CORRECT. THERE'S A 20% CONTINGENCY IN THERE. UM, THE SCHEMATIC LEVEL ESTIMATES THAT WE DID WERE, UH, JUST MORE OF SQUARE FOOTAGE COST BASED ON OTHER CAPS. UM, BUT NOW WE HAVE MORE LINE ITEM 'CAUSE WE'RE AT 30% DETAILED DESIGN. UM, BUT AS WE PROGRESS THE DESIGNS, UH, WE GET EVERY SINGLE LINE ITEM AND THAT 20% CONTINGENCY GOES DOWN TO GROW. OKAY. MM-HMM . THANK YOU VERY MUCH. THAT ANSWERS THE QUESTION. SO REALLY THIS NUMBER SHOULD JUST SAY 346 TO 395, WOULD YOU KNOW? THAT'S RIGHT. ONLY, ONLY $145 MILLION. BUT NO, YOU'RE RIGHT. UH, COUNCILMAN AND I GUESS MY STAFF HAS REMINDED ME THAT THE HIGHER NUMBER REFLECTS IF WE DON'T GET IT IN, IN THE 26 FLOODING PACKAGE. OKAY. AND I'M ASSUMING THAT'S THE SAME CASE FOR THIS NORTHERN CAP PROPOSAL, WHICH, YOU KNOW, ONCE AGAIN, LOOKING AT THE, THE COST OF THE NORTHERN CAPS, YOU KNOW, I WAS NOT ABLE TO GET ANYWHERE CLOSE TO THIS 1.16 BILLION, BUT I'M ASSUMING YOU FACTORED IN A 35% COST ESCALATION TO GET THAT HIGHER NUMBER. THAT'S CORRECT. OKAY. VERY GOOD. UM, I WANTED TO ASK YOU, YOU MADE, YOU KNOW, A PRETTY DETAILED CASE ABOUT WHY THE FOURTH THROUGH SEVENTH STREET CAPS, YOU KNOW, THE, IF WE COULD GO BACK TO SLIDE, UM, SIX, PLEASE. THIS WONDERFUL GRAPHIC THAT, UH, YOUR STAFF HAS MADE. OH, THAT'S THE OTHER PRESENTATION. UM, AND I, IT SOUNDED LIKE YOUR CONCERNS THERE, AND, AND CORRECT ME IF I'M WRONG, BUT THE CONCERNS WITH THE FOURTH, FIFTH, AND SIXTH STREET CAPS WERE THAT YOU STILL HAVE THIS TRAFFIC YOU HAVE TO CROSS TO GET THERE. IT'S NOT, IT'S, IT'S KIND OF AN ISOLATION. I THINK YOU, YOU DESCRIBED IT AS A POCKET PARK, BUT IT'S, IT DOESN'T HAVE THAT, UH, FULL CONNECTIVITY EAST TO WEST. IS THAT CORRECT? JUST WANNA MAKE SURE FOLKS UNDERSTAND THAT THE QUALITY OF THE EXPERIENCE, THERE'S GONNA BE CARS ZOOMING BY ALL DIRECTIONS. I THINK, UH, STAFF TOLD US AT THE CLIMATE COMMITTEE THAT THE DECIBEL LEVEL MIGHT BE 79 DECIBELS. BASICALLY THE SOUND OF A LEAF BLOWER, THAT IT'S NOT THIS FEELING OF SECLUSION, UH, THAT YOU MIGHT FEEL IN A NEIGHBORHOOD PARK. GOT IT. SO WHY DO YOU SUPPORT THE 11TH AND 12TH STREET CAB CAP? SO I SUPPORT THE SMALLEST POSSIBLE RECOMMENDATION THAT WE CAN AGREE ON AS A COUNCIL. UM, SO ONE OF THE MOST POWERFUL ARGUMENTS IN FAVOR OF ANY CAPS IS THE IDEA OF BRIDGING THE 1928 SEGREGATION PLAN DIVIDE THAT WAS ONLY REINFORCED BY THE INTERSTATE HIGHWAY. AND SO WE'VE HEARD FROM, UH, COUNCILMAN, UH, NATASHA HARPER MADISON, UM, THAT THE BLACK COMMUNITY, UH, REALLY WANTS TO EXTEND THAT 12TH STREET AFRICAN AMERICAN CULTURAL HERITAGE DISTRICT AND HAVE THIS KIND OF GATEWAY TO DOWNTOWN. UH, WE'VE HEARD FROM THE REPRESENTATIVE, UH, COUNCILMAN JOSE VELASQUEZ, THAT, THAT BASICALLY THE HISTORICAL, UH, MEXICAN AMERICAN BEAUTY WOULD LIKE TO SEE SOMETHING SIMILAR TO UNITE EAST TO WEST. UM, AND SO IF, IF THAT'S THE LEADING JUSTIFICATION FOR WHY WE'RE DOING THIS, UH, OR, OR THE MOST POWERFUL ARGUMENT THAT THE STAFF PROPOSAL IS BASICALLY THE, UH, ONE OF THE MOST COST EFFECTIVE WAYS TO REACH THAT OUTCOME. SO ARE YOU SAYING IT IT DOES CONNECT EAST AND WEST, 11TH AND 12TH SYMBOLICALLY. I MEAN, I, IT'S NOT A NEW CONNECTION AS WE HEARD EARLIER, BUT IT DOESN'T DO THAT SYMBOLICALLY FOR FOURTH, FIFTH, OR SIXTH STREET. UM, I MEAN, I I YOU'RE KIND OF A, A FORCE ME TO DEFEND A HYPOTHETICAL IF WE COULD. I I'M FORCING YOU TO DEFEND TWO THINGS THAT ARE THE SAME, RIGHT? I MEAN, THERE'S, WHAT'S THE DIFFERENCE BETWEEN FOURTH THROUGH SEVENTH AND 11TH THROUGH 12TH? I JUST WANNA KNOW THE DISTINCTION BECAUSE I THINK WE'RE GONNA HAVE A DISCUSSION ABOUT SOME OF THESE OTHER CAPS MM-HMM . AND I WANNA UNDERSTAND WHAT'S THE DIFFERENCE BETWEEN FOURTH THROUGH SEVENTH AND 11TH THROUGH 12TH. 12TH STREET IS THE DIFFERENCE, THE, THE SYMBOLIC IMPORTANCE OF 12TH STREET. OKAY. ARE YOU, YOU WERE AT THE HISPANIC HERITAGE, UH, CORRIDOR EVENT THE OTHER DAY, RIGHT? THAT'S ON FIFTH STREET, CONNECTING EAST ALL THE WAY THROUGH TO PLAZA TO SALTILLO AND BEYOND. IS THERE NO HISTORICAL MEANINGFUL VALUE TO THAT CONNECTION? IF THAT WAS AN ALTERNATIVE TO CESAR CHAVEZ TO FOURTH STREET, UM, I WOULD SUPPORT THAT. THE PROBLEM IS, IS THAT, UH, THE $105 MILLION FEDERAL GRANT, THAT IS TECHNICALLY STILL POSSIBLE, ALTHOUGH EXTREMELY UNLIKELY UNDER THE CURRENT ADMINISTRATION. IF WE BUILD THE ROADWAY ELEMENTS FOR CES CHAVEZ TO FOURTH STREET, AND THERE'S A CHANGE IN ADMINISTRATION, WE COULD POTENTIALLY STILL GET THAT GRANT TO FUND THAT CAP, BUT WE COULD NOT GET THAT GRANT TO FUND THE FOURTH TO SEVENTH STREET. OKAY. I THAT I JUST, I, I'M REALLY, I I TRULY WANT TO JUST UNDERSTAND THE, THE THINKING HERE. 'CAUSE I KNOW WE'RE GONNA HAVE AN EXPANSIVE DISCUSSION ON THURSDAY AND, AND TRYING TO UNDERSTAND [02:10:02] WHERE Y'ALL ARE COMING FROM, JUST SO THAT WHEN WE HAVE THE DISCUSSION, WE KNOW KIND OF WHAT, WHAT TO ADDRESS. I THINK THE LAST, AND YOU TALKED A BIT ABOUT INVESTING IN OTHER PARKS, RIGHT? LIKE NON, UM, PARKS THAT AREN'T OVER HIGHWAYS. SO WOULD YOU SAY IT'S A VALUE TO INVEST IN A PARK LIKE ZILKER PARK INSTEAD OF THIS? YOU MEAN LIKE, IF, IF IF I GOT, IF I WAS KING FOR A DAY AND GOT TO CHOOSE WHERE THE MONEY GOT, UH, I MEAN, NO, I MEAN, I'M SURE YOU CHOOSE SOME DISTRICT SEVEN PARKS, BUT, UH, IF WE'RE JUST TALKING IN TERMS OF, OF QUALITY, WOULD YOU SAY THERE'S A DIFFERENCE QUALITATIVELY TO ZILKER PARK VERSUS THESE KIND OF PARKS? ABSOLUTELY. ZILKER IS, IS EXTREMELY VALUABLE RESOURCE, RIGHT. THAT THE WHOLE CITY CAN ENJOY AND ACCESS WITHOUT FEAR OF AIR POLLUTION, UH, WITHOUT HAVING TO CROSS EIGHT LANES OF TRAFFIC TO GET UP THERE, YOU KNOW? YEAH. IT'S, IT'S A WONDERFUL PLACE. WELL, I, I FIND IT REALLY INTERESTING THOUGH, WHEN WE TALK ABOUT AIR POLLUTION, IT IS COMPLETELY ADJACENT TO MOPAC. SO WHY IS THAT AIR FINE TO RECREATE IN AND NOT IT'S THREE THIS ACRES? I MEAN, YEAH, I'M, I'M HEARING FROM MY, UH, COLLEAGUE HERE THAT, UH, ZILKER PARK IS THREE 50 ACRES. I MEAN, I THINK THAT'S A, A FALSE COMPARISON, RIGHT? WOW. WE'RE TALKING ABOUT A, UH, A PARK EXACTLY ON TOP OF A FREEWAY. IF YOU LOOK AT THE AIR POLLUTION MAPS OF AUSTIN, THEY TRACK THE FREEWAYS. THEY DON'T BLEED INTO THE WHOLE ZILKER PARK, YOU KNOW? SURE. SO I GUESS WE CAN ONLY INVEST IN THE PART OF ZILKER PARK NOT ADJACENT TO MOPAC. I THINK YOU'RE CREATING A, A FALSE HYPOTHETICAL HERE. WELL HEARD A FEW, UH, I, UH, APPRECIATE THE, THAT INFORMATION AND, UH, I DO WANT TO TALK TO TDOT LATER, BUT I DON'T KNOW WHEN THE RIGHT TIME FOR THAT IS. UM, I THINK THIS WOULD BE A GOOD TIME TO, TO BRING TEXTILE BACK UP TO THE PODIUM. OKAY. WELCOME BACK. THANK YOU, . UM, WANTED TO ASK YOU ABOUT, SORRY, I, I ALWAYS HESITATE TO HOLD UP A SHEET OF PAPER THAT NO ONE ELSE CAN SEE BUT ME . UM, YOU DELIVERED TO US A TIMELINE OF FUNDING STREAMS THAT GOES OVER FROM 2026 TO 2033 WHEN WE WOULD NEED TO PAY FOR THE ROADWAY ELEMENTS AND WHEN WE NEED TO PAY FOR THE DECK AND TUNNEL ELEMENTS. I'M JUST GONNA READ IT OUT FOR THE PUBLIC WHO HASN'T SEEN THIS IN. SO YOU'RE SAYING 2026, WE NEED TO SPEND 15%. AND THEN, AND THIS IS ON JUST THE ROADWAY ELEMENTS, 20 27, 20 28, NOTHING, 2029, 10%, 20, 30, 20 5%, 20, 31, 30 5%, 20, 32, 15%, AND THEN 20 33 0, BECAUSE WE'VE REACHED A HUNDRED PERCENT AS IT RELATES TO THE DECK OR TUNNELS IN 2032, THAT IS WHEN WE WOULD FIRST BE TALKING ABOUT PAYING FOR THE CAPS, THE DECKS AT 50% AND IN 2033, 50%. AND I WILL GLADLY ADD THE HUGE CAVEAT THAT I KNOW YOU ARE GOING TO ADD AND IS ON HERE, THIS IS JUST A PRELIMINARY ESTIMATE. WE ARE NOT, UM, BINDING YOU TO THIS, BUT THIS IS KIND OF YOUR BEST GUESS OF WHAT IT LOOKS LIKE FROM A REIMBURSEMENT BASIS. IS THAT SO FAR ACCURATE? CORRECT, YES. FOR AN EIGHT YEAR, UH, CONSTRUCTION TIMELINE. THAT'S RIGHT. AND NOT TO, UM, QUESTION ANY OF THE WORK THAT Y'ALL HAVE DONE, BUT, YOU KNOW, I'M LOOKING AT THESE LARGE CONSTRUCTION PROJECTS. HOW OFTEN DO THEY FINISH ON THE ORIGINAL TIMELINE? I WOULD JUST LOOK BACK TO THE ENVIRONMENTAL, UH, THE EIS, THE NOD, UH, WE ACTUALLY BEAT THAT SCHEDULE BY THREE MONTHS, SO . OKAY. UM, SO WE'RE DOING EVERYTHING THAT WE CAN TO MITIGATE THOSE CRITICAL PATH. UH, WE ACTUALLY HAD AN EIGHT HOUR WORK SESSION WITH AUSTIN WATER YESTERDAY TO FIGURE OUT HOW WE'RE GONNA RELOCATE ALL THESE UTILITIES AND CITY STREETS STARTING NEXT YEAR. GREAT. SO THOSE ARE THE KIND OF THINGS WE'RE DOING EARLY, UM, TO ENSURE THAT WE DO EVERYTHING THAT WE CAN TO GET THIS OPEN TO TRAFFIC AS SOON AS POSSIBLE. OKAY. SO THE, IN TERMS OF WHAT THESE NUMBERS ACTUALLY MEAN, THE, AND, AND I THINK IT'S REFERENCED IN HERE, BUT WE HAVE AN ITEM ON OUR AGENDA FOR $20 MILLION THAT COVERS THE 15%, OR IS THAT SEPARATE? SO THE 15% IS KIND OF JUST THE DOWN PAYMENT OF WHAT WE WOULD BE CONSTRUCTING NEXT YEAR. UM, SO WHAT WE'RE DOING RIGHT NOW, SO WE'VE ALREADY AWARDED, WE'RE ABOUT TO AWARD OUR, UH, PUMP STATION COMMISSION TOMORROW. UM, AND OUR TUNNEL CONTRACTOR IS, IS MOBILIZING AND STARTING. SO, SO REALLY BEFORE WE DO MAJOR EXCAVATION ON I 35, [02:15:01] THE TUNNEL AND THE PUMP STATION HAVE TO BE OPERABLE. AND SO WE'RE ANTICIPATING THAT TO BE 2029. SO REALLY THE PAYMENT, UH, THAT YOU SEE, THE PAY, THE PAYOUT THAT YOU SEE IS WHEN WE'RE GONNA GET TO THOSE ELEMENTS. AGAIN, EVERYTHING CAN CHANGE. UM, BUT WHAT HAPPENS IS WHEN WE HAVE A, A CONTRACTOR HAVE A LOW BID AWARD THAT LOCKS IN YOUR PRICE OF YOUR LOW BID, RIGHT? YEAH. SO WHATEVER WE GO TO CONSTRUCTION WITH NEXT YEAR, UM, THAT PRICE IS LOCKED IN. WE'RE LOOKING AT PHASING OUR PACKAGES JUST TO WHERE A CONTRACTOR IS NOT RELIANT UPON THE PUMP IN THE TUNNEL TO BE COMPLETED ON TIME. SO WE'RE REALLY LOOKING AT PHASING THINGS. AND SO, UM, THAT 2029 DATE THAT YOU HAVE WHERE YOU START TO KICK IN THE ROADWAY ELEMENTS, THAT'S ASSUMING THAT THE TUNNEL AND THE PUMP IS ON TIME. JUST FOR CLARITY, IS THERE ANY CHANGE? SO IF, IF WE GIVE YOU THE $20 MILLION AND EVERYTHING GOES ACCORDING TO PLAN, WE WON'T NEED TO GIVE YOU ANY DOLLARS ABOVE 20 MILLION UNTIL 2029. SO I'D LIKE TO CLARIFY JUST A LITTLE BIT. SO THE 20 MILLION, UH, IS A VERY EARLY ESTIMATE THAT OUR ENGINEERS GAVE US TO, UM, TAKE THE DECK AND THE TUNNEL ELEMENTS FROM 30 TO A HUNDRED PERCENT. UM, BUT THAT'S VERY CONTINGENT UPON, UM, THE LINKS THAT NOW WE HAVE PROVIDED, WHICH IS, ARE YOU DOING AN 800? ARE YOU DOING, YOU KNOW, ARE YOU DOING A FULL CAP? HOW MANY OF THEM? AND SO THAT, SO WE DON'T REALLY NEED ANY MORE MONEY. UM, WE, WE LET EVERYONE KNOW THAT YESTERDAY FOR THE ROADWAY ELEMENTS BECAUSE THOSE ARE ITEMS THAT, YOU KNOW, T'S DESIGNING REGARDLESS. AND SO IF WE'RE ONLY DESIGNING THOSE ROADWAY AWAY ELEMENTS, WE HAVE ENOUGH LEFTOVER FROM WHAT YOU PAID FOR US, UM, IN THE 14 AND A HALF MILLION TWO YEARS AGO. AND SO, UM, THAT 20 MILLION IS A ROUGH ESTIMATE OF GOING FROM 30 TO A HUNDRED ON THE DECK ELEMENTS AND THAT THAT NOW IS PROVIDED UNTIL NEXT YEAH. YEAR. AND I APPRECIATE THAT. THAT'S MORE TIMES ALWAYS BETTER. YEAH, IT'S GOOD. DO, WHEN YOU'RE DESIGNING THE ROADWAY ELEMENTS, AND WE TALKED ABOUT THIS A LITTLE BIT YESTERDAY, BUT IT'S A QUESTION OF, TO MY UNDERSTANDING, BASICALLY HOW BIG IS THE COLUMN OR HOW BIG IS, YOU KNOW, THE, THE SPAN THAT YOU, THE, THOSE STRUCTURES WILL BE THERE REGARDLESS, AND IT'S KIND OF A QUESTION OF HOW BIG, HOW DEEP IS THAT EXACTLY RIGHT. MM-HMM . OKAY. YEP. AND, AND WE'VE, WE'VE, THE, THE PLAN THAT WAS PUT TOGETHER, UH, BY THE, BY UH, OUR FUTURE 35, UM, CAP AND STITCH PROGRAM, UM, THAT HAS PROVIDED THE LOADINGS THAT WE NEED. SO WE KNOW WHAT WE'RE BUILDING. UM, WE JUST HAVE TO KNOW THE LOCATIONS IN WHICH WE'RE SUPPORTING THOSE FUTURE DECKS. SO IF, IF WE ASKED Y'ALL TO DESIGN FOR ALL THE ROADWAY ELEMENTS MM-HMM . HOW LONG IS THAT DESIGN PROCESS? SO THE DESIGN PROCESS, UH, FOR THE ROADWAY ELEMENTS, UH, WE'RE GONNA BE DESIGNING THE WALLS AND THE EXCAVATION AND THE, THE DRILL SHAFTS REGARDLESS. SO WE JUST NEED TO KNOW AT WHAT LEVEL TO SET THAT ELEVATION. ARE WE GONNA HAVE THAT VERTICAL CLEARANCE FOR JET FANS OR NOT? ARE YOU DOING 800, ARE YOU DOING A FULL? AND THEN THAT WOULD ALLOW US TO THEN PROGRESS THE TDOT DESIGNS AND WE DON'T NEED ANY MORE MONEY, UH, TO DESIGN IN THE LOCATIONS WHERE WE'RE UPSIZING THINGS. IF WE WERE TO DECIDE ON THURSDAY TO DO ALL THE ROADWAY ELEMENTS WITH THE UNDERSTANDING THAT WE WERE GOING TO TRY TO IDENTIFY A COMPREHENSIVE FUNDING PACKAGE TO PAY FOR THOSE AND POTENTIALLY ADDITIONAL, UH, CAPS ON TOP OF SOME OF THEM, IF WE GOT TO, LET'S SAY, MIDDLE OF NEXT YEAR AND SAID, YOU KNOW WHAT, WE HAVE BEEN ABLE TO PUT TOGETHER A PACKAGE THAT GETS US ALL THE DOWNTOWN CAPS AND WE'LL, WE'LL, WE'LL GO A SMALL, SMALL, JUST THE DOWNTOWN CAPS. AND SO WE TRIED OUR BEST. WE COULDN'T FIND THE FUNDING FOR THOSE TWO NORTHERN CAPS. DO, ARE YOU ABLE TO THEN TAKE YOUR DRAWINGS AND AS YOU SAID, KIND OF CHANGE THE LEVEL YOU'VE GOT THE, YOU KNOW, YOU GO FROM YOUR FIVE FOOT BEAM TO A FOUR FOOT BEAM AND YOU RAISE THE, THE ROAD LEVEL UP A COUPLE FEET. UM, OR WHAT DOES THAT LOOK LIKE? SO THE VOTE THAT YOU'RE DOING ON THURSDAY WOULD SOLIDIFY THE, THE ROADWAY ELEMENTS. SO THAT WOULD BE, THAT'S GONNA BE COMPLETE ON THURSDAY. UM, IF IN THE MIDDLE OF NEXT YEAR, UH, BEFORE NOVEMBER YOU'RE ABLE TO IDENTIFY LOCATIONS WHERE YOU PUT THE, THE DECK CAP ON, IT WOULD DEPEND ON THE LENGTH OF IT. UM, ANYTHING OVER 800 FEET, YOU HAVE THE JET FANS AND YOU HAVE MORE DESIGN. UM, SO WE WOULD JUST HAVE TO GO BACK TO OUR DESIGNERS 'CAUSE THEY'VE NOT REALLY IN DEPTH REALLY LOOKED AT THEIR 30% DESIGN THAT, THAT YOU ALL PAID FOR TO THEN DETERMINE AT THESE LOCATIONS. UM, 'CAUSE THEY DID THE FULL BUILD OF ALL OF THE CAPS. UM, AND SO THEY, THEY PROGRESSED THAT TO 30% AND THEN THAT IS NOT BEING PROGRESSED ANYMORE. [02:20:02] BUT WE ALWAYS TALK ABOUT CHANGE ORDERS OF, IN, IN A SINGLE DIRECTION. RIGHT. GOING FROM LESS TO MORE. WHEN I TALKED TO, TO TUCKER AT ONE POINT WE TALKED ABOUT THE SCENARIO OF CHANGE ORDERS FROM MORE TO LESS. AND IF WE DID IT WITHIN A CERTAIN AMOUNT OF TIME, WE WOULD PROBABLY HAVE TO PAY FOR SOME REDESIGN. LIKE, YOU KNOW, THERE'S, THERE'S A COST THERE, BUT PAYING $2 MILLION TO REDESIGN SOMETHING VERSUS $120 MILLION, THERE'S A DIFFERENCE. AND, AND WE WOULD HAVE TO HAVE A DROP DEAD DATE. BUT I'M, I'M TRYING TO UNDERSTAND, IS THERE A PERIOD OF TIME FOR THAT, SINCE YOU MENTIONED IT'S, YOU'RE, YOU'RE MAKING THAT DESIGN ANYWAY. IT'S A QUESTION OF HOW THICK, HOW HIGH. UNFORTUNATELY THAT'S ACTUALLY WHAT HAPPENED ON THE WOODLAND STITCH. UH, WE PROGRESSED THE DESIGN QUITE A BIT AND WE MADE THAT DECISION WHERE WE HAD TO HAVE AN ADDENDUM. UM, A AN ADDENDUM IS AFTER YOU'VE ALREADY, UH, UM, PUT THE ON THE STREET MM-HMM . UH, OH, LIKE ADVERTISED FOR, FOR BIDS. WE HAD TO MAKE A CHANGE 'CAUSE WE WERE ABLE TO RAISE THE PROFILE THERE. WE WERE ABLE TO SAVE TAXON ABOUT $10 MILLION WITH THAT LATE CHANGE. BUT THAT'S NOT DESIRABLE. UM, AND WE DON'T REALLY WANNA DO THAT AGAIN. SO REALLY THE, THE DECIDING THE ROADWAY ELEMENTS, UM, THIS MONTH AND THEN US GIVING THE EXTENSION TO NOVEMBER, UM, I, I WOULDN'T WANNA HAVE TO TAKE ANYTHING OUT OF WHAT IS DECIDED ON THURSDAY. WE JUST DECIDE ON THURSDAY WHERE, UH, WHERE WE'RE GONNA FUTURE CAP IT. AND THEN BY NOVEMBER OF NEXT YEAR WHERE YOU WANNA LID. WHEN, WHEN YOU'RE DOING THE BIDS, IS IT A BID FROM CAESAR CHAVEZ ALL THE WAY TO THE OTHER END? OR IS IT IN CHUNKS? SO, UH, SO WE HAVE, WE HAVE TWO DESIGNERS AND WE HAVE TWO MAJOR CONSTRUCTION PROJECTS AND THE DIVIDING LINE IS MLK. SO, UM, YOU KNOW, OUR LADY BIRD LAKE PROJECT IS UNDER CONSTRUCTION NOW. IT'S LET, SO REALLY THE HOLLY TO MLK IS WHAT WE CALL DOWNTOWN. AND THEN, UM, FROM MLK TO TWO 90 EAST IS WHAT WE CALL UNIVERSITY. AND ARE YOU GO, IT SEEMS LIKE Y'ALL ARE GOING FROM THE DOWNTOWN PIECE FIRST AND THEN LATER DOING THE, WHAT YOU'RE CALLING, I GUESS THE UNIVERSITY PIECE? WELL, TRUTHFULLY, A LOT OF IT DEPENDS ON THE TUNNEL AND PUMP STATION. RIGHT. UM, AND SO WE CAN PACKAGE IT UP DIFFERENTLY. SO WHAT WE'RE REALLY DOING RIGHT NOW IS WE'RE LOOKING TO NEXT YEAR, UH, WE, WE WILL BE GOING TO CONSTRUCTION NEXT YEAR. UM, BUT WE'RE TRYING TO PACKAGE UP, UM, ITEMS THAT DON'T, UM, ARE NOT DEPENDENT ON THE TUNNEL AND PUMP, SO THE EXCAVATION OF THE ROADWAY. SO WE, UM, LIKE WE WERE GONNA DO FOURTH STREET, UM, WE WERE GONNA BUILD A BRIDGE ON THE GROUND. WE'RE GONNA FIGURE OUT WHERE WE CAN DO THAT AND THEN GET AHEAD OF ALL THE UTILITY RELOCATIONS. UM, AND THE DIFFERENT PHASING, UH, STILL HAS THE, LIKE, LIKE THAT TIMELINE THAT'S HERE ON THE, ON THE SCREEN. UM, THE, THE CONSTRUCT DE, REGARDLESS OF HOW WE PACKAGE IT, WE WOULD GET TO THE CONSTRUCTION IN THAT TIME. IF THE TUNNEL AND THE PUMP, UM, IS ON TIME. BUT AGAIN, IF IT'S SOONER THAN EVERYTHING ELSE WILL BE SOONER. SO IF THE TUNNEL AND THE PUMP BY NEXT SUMMER, WE DECIDE THAT IT'S THREE OR FOUR MONTHS EARLY AND MAYBE THAT NOVEMBER WILL, WILL, UH, WILL BE EARLIER THAT NOVEMBER DATE. OKAY. I THINK THAT ANSWERS MY QUESTIONS FOR YOU. UM, I DO HAVE ONE MORE, JUST A COUPLE QUESTIONS FOR THE LAW DEPARTMENT FOR IAN, WHO I SEE SITTING OUT THERE. SORRY, IAN WANTED TO MAKE SURE YOUR TIME WAS WORTH COMING DOWN. COUNCIL MEMBER ALTER WHILE YOU WAIT, IF YOU'RE VIRTUAL RIGHT NOW, YOU CAN'T SEE WHAT'S HAPPENING IN CHAMBERS. SO I DON'T KNOW WHETHER OR NOT ME RAISING MY HANDS WILL GET ME ACKNOWLEDGED OR WHO'S COMING WHERE OR WHAT. THERE'S JUST THE PAYOUT OF COMMITTED FUNDS FOR ROADWAY DOCUMENT THAT WE CAN SEE. IS THERE A WAY, UM, CHAMBERS THAT WE CAN, THAT US PARTICIPATING VIRTUALLY CAN SEE CHAMBERS? YES. THERE WE CAN GO AHEAD AND PULL THAT DOCUMENT DOWN AND JUST GO BACK TO THE SCREEN AND WE WILL REFER BACK TO THAT IN JUST A SECOND. YOU GOT THAT? UH, COUNCIL MEMBER HARPER MEDICINE, CAN YOU SEE THE CHAMBER AGAIN? YES SIR. THANK YOU CHAIR. I APPRECIATE IT. THANK YOU FOR POINTING THAT OUT. IAN, I JUST HAVE A COUPLE QUESTIONS FOR YOU. IN REGARD TO USES OF FUNDS OR ALLOWABLE USES OF FUNDS. ONE OF THE ITEMS THAT WE'VE DISCUSSED IS THE CAR RENTAL TAX. CAN YOU USE THAT UNAFFORDABLE HOUSING? IS HE IN HOW ASSISTANT CITY ATTORNEY? THE CAR RENTAL TAX? MM-HMM . SO THE CAR RENTAL TAX COMES FROM, UH, THE STATE STATUTES. THAT IS GENERALLY SPEAKING AND BROADLY SPEAKING, THAT WOULD NOT BE AVAILABLE FOR AFFORDABLE HOUSING. UNDER THE STATUTE THERE'S A LIST OF SPECIFIC PROJECTS. [02:25:01] THIS IS LOCAL GOVERNMENT CODE, UH, CHAPTER 3 34. OKAY. AND, YEAH. OKAY. UM, AS IT RELATES TO THE HOTEL OCCUPANCY TAX, WHICH CHAPTER 3 51? SOMETIMES CHAPTER 3 34. CAN YOU USE THAT FOR AFFORDABLE HOUSING? SORRY, DID YOU SAY 3 34 OR THREE 50, SORRY, 3 51. YOU, YOU COVERED 3 34 FOR THE CRIMINAL TAX. YEAH. UNDER TAX. SO AGAIN, THE HOTEL OCCUPANCY TAX, THERE ARE DIFFERENT TYPES, BUT SPEAKING JUST TO THE TAX CODE, CHAPTER 3 51 IN SECTION 3 51, 1 0 1 THAT LISTS THE GENERAL CATEGORIES OF TAXES AND THOSE DO NOT SPECIFICALLY LIST AFFORDABLE HOUSING. COULD YOU GO BUY 20 ACRES AND BUILD A PARK WITHOUT OCCUPANCY TAX? ARE WE TALKING TAX CODE 3 51 3 51? CORRECT. GENERALLY SPEAKING, YOU COULD NOT, BUT IT, AGAIN, IF YOU LOOK IN THE, GENERALLY SPEAKING, NO, JUST PURE PARK LAND, IF THERE'S A TOURISM VENUE, UH, THAT FITS WITHIN THE DEFINITIONS OF THE STATUTE, BUT MAYBE, BUT JUST PURE PARKLAND RIGHT. UNDER 3 51 HOT, UH, YOU COULD NOT. OKAY. ALRIGHT. THAT'S ALL. THANK YOU. THANK YOU VERY MUCH. UH, COUNCIL MEMBER, UH, ELLIS THOUGHT WE'D ALL BE FIGHTING TO RAISE OUR HANDS AND SHARE OUR THOUGHTS ON THIS. I'M GONNA HAVE A QUESTION FOR KIM OLIVAREZ, BUT I HAVE A COUPLE OF STATEMENTS TO MAKE FIRST, SO I'LL GIVE HER A LITTLE TIME TO COME DOWN. UM, I KEEP COMING BACK TO ASKING MYSELF THIS QUESTION, WHICH IS, WHAT IS THIS PROJECT ABOUT? AND I THINK EVERYONE ON THIS DAIS, EVERYONE THAT'S COME TO SPEAK TO US, HAS HAD VERY SIMILAR COMMENTS TO MAKE VERY SIMILAR INTERESTS IN THE PROBLEMS THAT WE ARE TASKED WITH SOLVING. SO I THINK EVERYONE IS APPROACHING THIS FROM A GOOD PLACE, BUT WE HAVE CLEARLY DIFFERING OPINIONS ON HOW AND WHEN WE SHOULD BE SPENDING OUR DOLLARS. I HEAR A LOT OF DISCUSSION ABOUT THIS BEING ABOUT PARKS, BUT I'VE ALSO HEARD PEOPLE SAY PARKS IS NOT GOING TO SOLVE WHAT A RACIAL DIVIDE HAS DONE FOR THE PAST A HUNDRED YEARS IN AUSTIN. I'VE HEARD OTHER PEOPLE TALK MORE ABOUT THE NEED FOR BETTER MOBILITY ACCESS, UM, SAFER WALKS TO WHERE PEOPLE ARE GOING CLEANER AIR FOR PEOPLE TO BREATHE. AND I'VE HEARD OTHER PEOPLE TALK ABOUT ECONOMIC MOBILITY. HOW DO WE LOOK OUT FOR THE FOLKS THAT ARE AT THE BOTTOM OF SOCIOECONOMIC STATUS AND HOW DO WE GIVE THEM A FIGHTING CHANCE AT BUILDING A LIFE HERE AND BEING ABLE TO RAISE A FAMILY. THE OTHER THINGS THAT I KEEP HEARING IS IT'S A BAD USE OF OUR DOLLARS. WE HAVE LIMITED RESOURCES AND WE'RE NOT GONNA BE ABLE TO WISH OUR WAY INTO HAVING MORE DOLLARS THAN WE ACTUALLY HAVE TO SPEND REGARDLESS OF WHICH POT OF MONEY WE TRY TO DO THESE PROGRAMS WITH. I, I THINK THAT WE SHOULD BE FOCUSED ON HOW DO WE SPEND OUR DOLLARS AND HOW DO WE GET THE MOST BANG FOR OUR BUCK ON THIS? BUT I ALSO WANNA MAKE SURE THAT WE ARE ACTUALLY ABLE TO DELIVER ON THE THINGS THAT WE COMMIT TO. SO I THINK THIS COUNCIL NEEDS TO MAKE A DECISION ABOUT WHAT WE WANNA SEE. AND I DON'T THINK WE'RE IN A POSITION TO THINK THAT EVERY SINGLE ONE OF THESE CAPS IS GOING TO GET BUILT OVER THE NEXT 75 YEARS. I JUST DON'T THINK THAT'S GOING TO HAPPEN. I THINK THAT WITH THE PROPOSAL THAT I LAID OUT YESTERDAY ON THE MESSAGE BOARD WITH MY SUB QUORUM, THAT COULD GET US IN A POSITION TO HAVE A CLYDE WARREN PARKWAY. BUT I DON'T THINK WE'RE IN A POSITION TO GET FIVE CLYDE WARREN PARKWAYS OVER THE NEXT COUPLE OF YEARS. I JUST WANNA BE REALISTIC ABOUT HOW WE'RE DOING THIS. AND THERE'S A LOT OF SENTIMENTS AROUND, YOU KNOW, WE CAN HAVE IT ALL. WE DON'T HAVE TO MAKE THESE DECISIONS. WE CAN THINK BIG AND WE CAN DREAM BIG AND DO THAT. BUT FOR ME, I THINK OUR HAVING IT ALL IS ACTUALLY FUNDING THE OTHER THINGS THAT PEOPLE ARE ASKING US FOR TODAY. UM, WE NEED MORE PARKS, WE NEED MORE LIBRARIES, WE NEED MORE MOBILITY PROJECTS, WE NEED MORE AFFORDABLE HOUSING. UM, BUT WE HAVE TO BE REALISTIC THAT THE, THE DECISIONS WE MAKE ABOUT THE DOLLARS THAT THE CITY HAS TO SPEND ARE GOING TO AFFECT OUR VOTERS. I AM UNCOMFORTABLE WITH SPENDING DOLLARS THAT THE VOTERS ARE TELLING US THEY DON'T WANT US TO SPEND AND THEN SAYING TOO BAD WE'RE GOING TO DO IT ANYWAY. UM, WE'RE ALL VERY EXCITED ABOUT THE CLIMATE BOND AND WHAT THE TASK FORCE IS WORKING ON RIGHT NOW TO BE ABLE TO BRING US A GOOD RECOMMENDATION. BUT AT SOME POINT, THESE DOLLARS ARE GOING TO COMPETE. AND I THINK THAT SOME OF THE ASSESSMENTS THAT THE OTHER SUBC QUORUM HAS PROPOSED FOR FUNDING MECHANISMS, WE NOW HAVE A MEMO WHERE MOST OF THOSE ARE EITHER NOT USABLE OR IT'S GOING TO BE UP TO A FUTURE COUNCIL OR FUTURE VOTERS TO BE ABLE TO IDENTIFY THOSE DOLLARS. SO I I THINK WITHOUT GETTING INTO NITTY GRITTY ABOUT EXACTLY, UM, WHAT IS USABLE, I WILL JUST POINT PEOPLE TO THAT MEMO. [02:30:01] BUT MY QUESTION FOR KIM OLIVAREZ WHO IS PATIENTLY WAITING. THANK YOU. WHAT DOES THIS NEW INFORMATION ABOUT THE TIMELINE FOR OUR PAYMENTS DUE, UH, TO AFFECT OUR TOTAL ALLOCATION OF DOLLARS FOR BONDS? WE HAD A, A, A THRESHOLD THAT YOU HAD RECOMMENDED PREVIOUSLY ABOUT $750 MILLION. CAN YOU TALK ME THROUGH IF, IF THAT DATA HAS CHANGED IN ANY WAY OR IF STAFF IS STILL CRUNCHING THOSE NUMBERS? THE, BASED ON THE THE NEW DECISION SCHEDULE, IT, IT ONLY IMPACTS THE DECISION SCHEDULE. IT DOES NOT IMPACT THE DEBT CAPACITY. THE PAYMENT SCHEDULE THAT THEY PROVIDED, UM, TODAY IS THE SAME AS WHAT THEY GENERALLY, THE SAME AS WHAT THEY PROVIDED PREVIOUSLY. AND THAT WAS ALREADY INCORPORATED INTO OUR DEBT CAPACITY ANALYSIS. OKAY. SO WE'RE STILL WORKING WITH $750 MILLION. YES MA'AM. AND THAT IS GOING TO COVER THE CLIMATE IMPACT BOND WORK AS WELL AS ANY DOLLARS THAT CITY COUNCIL ALLOCATES FOR THIS HIGHWAY PROJECT, UM, THAT ARE NOT PART OF DIFFERENT FEES. YES, MA'AM. OKAY. THANK YOU. UH, COUNCIL MEMBER HARPER MADISON, DID YOU, UH, HAVE YOUR HAND UP? I DID. THANK YOU. CHAIR. GIMME JUST A MOMENT. I HAVE A, I TOOK SOME NOTES. I WANTED TO MAKE SURE TO BE CONCISE. SO FAR SO GOOD. YOU'RE KILLING IT. YOU STARTED ONE MINUTE LATE, BUT I WON'T FAULT YOU. ALL RIGHT. SO I, I'M, I'M NOT, MY NAME IS NOT KIRK WASHINGTON, UNFORTUNATELY. . OOH. OKAY. SO I'M GONNA TURN THIS AROUND SO I'M NOT GLARY. I THINK I HAVE ENOUGH CHARGE. OKAY. SO MY FIRST QUESTION, WELL ACTUALLY I'D LIKE TO GIVE A SHOUT OUT TO MY COLLEAGUE. UH, THAT, UH, SLIDESHOW PRESENTATION HAD ME REFLECTING ON COUNCIL MEMBERS OF OLD BRINGING US PRESENTATIONS. SO THANK YOU FOR THE OPPORTUNITY TO DO A LITTLE, UH, REMINISCENT. UM, I, UH, I, I APPRECIATED THAT YOU SAID I'D LIKE TO POKE HOLES 'CAUSE I'D LIKE TO POKE HOLES IN YOUR PRESENTATION, BUT I WANNA MAKE CERTAIN THAT I START THIS BACK AND FORTH BETWEEN YOU AND I AND US AS A BODY IN THE SPIRIT THAT, OKAY. SORRY, Y'ALL, MY MARILYN MONROE FAN IS LOUD. GIMME JUST A SECOND. IN THE SPIRIT OF A CONVERSATION THAT I HAD WITH A FRIEND RECENTLY, UM, ABOUT THIS DISCUSSION, I FEEL LIKE SOMEWHERE ALONG THE WAY THINGS JUST KIND OF WENT OFF THE RAILS. AND SO I'VE HA I'VE HEARD SEVERAL OF YOU GUYS SPEAK TO IT. SO I THINK YOU'RE FEELING THAT SAME SORT OF PINCH. LIKE, WAIT, WHERE ARE WE NOW? WHAT HAPPENED? YOU KNOW, BECAUSE THE TRUTH OF THE MATTER IS, I REMEMBER BEING IN A ROOM WITH SEVERAL OF THE PEOPLE ON THAT DAY IS AT THE TIME, SOME OF THEM WEREN'T, UM, COUNCIL MEMBERS AND SEVERAL OF THE PEOPLE THAT ARE PROBABLY OPPOSITE OF Y'ALL RIGHT NOW IN CHAMBERS. AND WE WERE ALL CHANTING THE SAME CHANT AND USING THE SAME SLOGANS, AND WE WERE ALL IN SUPPORT OF THE SAME PATH FORWARD. AND THEN WHAT HAPPENED HAPPENED, AND THEN WE'RE HERE. AND SO IF YOU JUST THINK ABOUT THE CHRONOLOGICAL IMPLICATIONS ABOUT HOW WE GOT HERE, WHAT HAPPENED ALONG THE WAY, WHO'S WHO, WHAT'S, WHAT, SOMETHING THAT HAPPENED THAT I FIND A LITTLE UNFORTUNATE AND I HOPE WE RECOVER FROM ALONG THE WAY. SAME TEAM. I SAY IT ALL THE TIME, Y'ALL. LET'S NEVER FORGET THAT. LET'S NEVER LOSE TRACK OF THAT. I THINK AT THE END OF THE DAY WHEN, OH, UH OH, SORRY ABOUT THAT. I THINK WHEN STUFF GETS HARD IS WHEN IT, WE REALLY NEED TO LEAN IN TO THESE RELATIONSHIPS. WE SPEND TIME AND EFFORT AND PATIENCE AND HUMANITY DEVELOPING. YOU KNOW, WE, WE GENERALLY SPEAKING, WHEN WE'RE IN ALIGNMENT, WE'RE IN ALIGNMENT. AND WHEN WE'RE NOT, WE'RE NOT. BUT THE TRUTH OF THE MATTER IS, WE STILL RESPECT EACH OTHER AT THE END OF THE DAY. AND RESPECT THAT WHAT YOU'RE BRINGING TO THE DISCUSSION IS WHAT YOU BELIEVE IS THE APPROPRIATE THING TO BRING THE DISCUSSION. YOU THINK THIS IS THE RIGHT PATH FORWARD. THERE'S NO RIGHT, THERE'S NO WRONG. THERE'S THE THING THAT MAKES US AWESOME AS A BODY. OUR DIVERSE LIVED EXPERIENCE, OUR DIVERSE IDEOLOGY. AND TRUTH BE TOLD, YOU KNOW, OUR CONSTITUENTS AREN'T A MONOLITH ANYMORE THAN WE ARE. THEY ARE AS DIVERSE AS WE ARE. THEIR LIVED EXPERIENCES, RACE, EDUCATION, GENDER, ET CETERA, ET CETERA. SO WHEN I HEAR US SAY THINGS LIKE THE VOTERS SAID, WE GOTTA BE CAREFUL Y'ALL. 'CAUSE SOME OF THE VOTERS SAID THAT, BUT NOT ALL OF THEM. IT'S NEVER ALL. SO I WANNA MAKE CERTAIN THAT AS WE CONTINUE THE DISCUSSION AND AS I'M MAKING THE OBSERVATIONS ABOUT HOW WE ARRIVED HERE, ONE OF THE THINGS I'M NOTICING IS THIS, THERE'S FIGHTING AMONGST THE FIGHTERS. AND YEAH, I REALLY JUST GOTTA TELL YOU ASIDE FROM HOW I, MY MOM SAYS I'M SOFTEST WHITE BREAD. I AM. SO IT HURTS MY SPIRIT TO WATCH US FIGHT EACH OTHER, ESPECIALLY 'CAUSE I KNOW WE ARE ALLIES. WE DON'T FIGHT EACH OTHER. WE TALK ABOUT IT. WE CAN SAY WE ARE GONNA AGREE TO DISAGREE, AND YOU DO YOUR THING, I DO MINE, BUT WE DON'T FIGHT EACH OTHER. WE DON'T DO THAT. NOT EVEN FOR OPTICS, POLITICAL THETA. WE DON'T DO THAT, Y'ALL. SO LET'S STAY CLEAR THAT SEVERAL THINGS ARE TRUE. THE MISSION CHANGE, THE VISION CHANGE THE PATH FORWARD, CHANGE THE FUNDING MECHANISMS CHANGE. SOME OF THE PEOPLE CHANGE. THINGS HAVE CHANGED ALONG THE WAY. FOR ALL INTENTS AND PURPOSES. THIS IS A MOVING TARGET. I DON'T THINK MOST PARTIES INVOLVED IN THIS ECOSYSTEM AND IN THE DISCUSSION ARE INTENTIONALLY BEING NEFARIOUS OR DODGY. I THINK IT'S HARD TO NAIL SOME OF THIS DOWN, HONESTLY. I ALSO THINK IT'S IMPORTANT TO NOTE THAT [02:35:01] AS, AS THE NARRATIVE IS ACTIVELY CHANGING EVERY DAY, YOU KNOW, UH, COUNCIL MEMBER SIEGEL, YOU SAID THE THING ABOUT, UM, PARKS, YOU KNOW, WHERE WE COULD BETTER INVEST OUR MONEY FOR PARKS. AND I TOLD YOU, YOU KNOW, OR I TOLD EVERYBODY WHEN I PRESENTED FROM THE DAYS, I DON'T THINK THE CONVERSATION'S ABOUT PARKS IF WE'RE KEEPING IT ALL THE WAY REAL. AND I THINK AT THIS POINT, LET'S KEEP IT ALL THE WAY REAL. IN MY OPINION, AT THE END OF THE DAY, THIS IS, YOU KNOW, AS WE ARE RECALIBRATING, THANK YOU VERY MUCH. MY NEIGHBOR IS COMPLIMENTING MY GARDEN. UM, AS WE ARE RECALIBRATING THE DISCUSSION, WHICH WE APPARENTLY ARE GONNA CONTINUE TO DO UNTIL THE TIME COMES TO GET TO HOWEVER MANY VOTES WE NEED TO MAKE A MOVE ONE WAY OR THE OTHER. I THINK FINE, LET'S TALK ABOUT IT CANDIDLY. I DON'T THINK IT'S ABOUT PARKS. I DON'T THINK IT'S ABOUT MOBILITY. I DON'T THINK IT'S ABOUT CLIMATE REALITY OR ENVIRONMENTAL RECONCILIATION. I THINK THE CONVERSATION AT THE END OF THE DAY, UM, COUNCIL MEMBER ELLIS SAID, LET'S GIVE THEM A FIGHTING CHANCE. AND WITH ALL DUE RESPECT, COUNCIL MEMBER, I WANNA SAY I THINK THAT'S A PART OF THE NARRATIVE THAT ISN'T ACCURATE WITH SHOWING WHAT I CAN ONLY SPEAK FOR MYSELF. SO FROM MY PERSPECTIVE, I DON'T THINK US TAKING THE OPPORTUNITY TO MOVE FORWARD WITH BUILDING INFRASTRUCTURE THAT WILL OFFER US, IN MY OPINION, THE ABILITY TO FOREGO, RETROFITTING MAJOR METROPOLITAN CITIES. AND FOR NO OTHER REASON, I'VE BEEN CREATING POLICY IN A CITY THAT'S DOING THAT FOR SIX YEARS. IT AIN'T FUN. IT DOESN'T MOVE FAST. IT'S NOT EFFICIENT. IT'S REALLY DIFFICULT TO GET ANY CONTINUITY. THERE'S TURNOVER AT CITY HALL. Y'ALL, THERE'S THIS, THIS, THIS WATCHING THINGS COME, GO CRUMBLE AND FALL APART RIGHT IN FRONT OF YOUR VERY EYES BECAUSE OF THE FACT THAT WE DON'T HAVE AN OPPORTUNITY TO FOLLOW BEHIND THINGS, YOU KNOW, AND KEEP THEM THE SAME ALONG THE WAY. WE HAVE TO RECOGNIZE THAT THINGS GONNA CHANGE, THE MISSION GONNA CHANGE, THE VISION GONNA CHANGE, THE PEOPLE ARE GONNA CHANGE. AT THE END OF THE DAY, ALL WE CAN BRING TO THE TABLE IS REAL CONVERSATION. MY REAL CONTRIBUTION TO THIS DISCUSSION IS ABOUT ECONOMIC OPPORTUNITY. I THINK AT THE END OF THE DAY, DESPITE DISPARITIES IN PARKS, DESPITE DISPARITIES IN HOUSING, DESPITE ALL OF THE CLEAR AND PRESENT DOCUMENTABLE DISPARITIES, WE NEED TO MAKE THIS INVESTMENT. IF FOR NO OTHER REASON, I'M WATCHING THE MANIFESTATION OF THE INABILITY TO ACT WHEN YOU NEED TO. I, THIS IS THE ONE AND ONLY TIME I'M GONNA QUOTE M AND M. YOU ONLY GOT ONE CHANCE. DO NOT MISS YOUR CHANCE TO BLOW. IT'S SOMETHING LIKE THAT. I KNOW WE CAN'T MISS OUR CHANCE TO BLOW FOR NO OTHER REASON. WE CAN'T COME BACK. OPPORTUNITY COMES ONCE IN A LIFETIME. I KNOW WHAT IT LOOKS LIKE TO TRY TO RETROFIT AND IT DOESN'T WORK. IT MAKES SO MANY THINGS. NOT EVEN, I MEAN, THEY'RE NOT EVEN IN THE REALM OF FEASIBILITY WHEN YOU DON'T INVEST ON IN INFRASTRUCTURE ON THE FRONT END. UM, SAYING THAT I, THAT'S WHERE I'M AT. UH, I THINK AT THE END OF THE DAY, GIVING PEOPLE A FIGHTING CHANCE MEANS WHAT WE ARE DOING IS CHARITY WORK THAT'S LIKE MUTUAL AID. AND I DON'T THINK THAT'S WHAT I'M TALKING ABOUT. PEDESTRIAN ACCESS AND THE OPPORTUNITY FOR PEOPLE TO ALL OF THOSE IMPLICATIONS ABOUT FINANCE IMPLICATIONS, WHERE WE TALKED ABOUT THERE BEING SOME IMPLICATIONS IN REAL ESTATE. THERE ARE, DON'T LIE TO THE PEOPLE. Y'ALL ALWAYS TELL 'EM THE TRUTH. BUT THEN TALK ABOUT WHAT YOU DO TO RECONCILE THAT OR TO MITIGATE IN THIS OTHER WAY OR TO MAKE THE INVESTMENT HERE US STANDING BY WHILE OUR CONSTITUENTS TALK ALL OR NOTHING. AND WE KNOW THAT'S NOT TRUE, BUT IT MAY MAKE IT SO THAT THE VOTE GOES IN THAT WAY IN YOUR FAVOR OR THAT WAY IN YOURS. AND WE LET THEM BELIEVE THINGS THAT AREN'T CA THAT ARE CATEGORICALLY UNTRUE. FRANKLY, SOME OF THE TESTIMONY I HEARD, I'M LIKE, OH MY GOSH, GO FIND THAT PERSON AND TALK TO THEM. SOME OF IT. I APPRECIATE THE COMMENTARY AND I APPRECIATE THAT WE HAVE A DIVERSITY IN TERMS OF WHAT OUR OPINIONS ARE AND THE PATH FORWARD. THE ONE THING I WILL SAY, I DON'T THINK THERE IS ANY PILE OF GREEDY DEVELOPERS OR THEIR ALLIES OR FLUNKY OR SPIES THAT ARE SITTING AROUND SECRETLY PLOTTING ON MAKING AUSTIN ONLY ACCESSIBLE TO THE RICH. I'M TELLING YOU AS THAT, AS A PERSON FOR WHOM THAT IS NOT MY INTENTION, THAT IS NOT MY LIVED EXPERIENCE. AND FRANKLY IT WON'T BE MY FUTURE. I'M NOT WILLING TO COMPROMISE ENOUGH TO GET THAT RICH. SO I'M TELLING YOU, MY COMMITMENT MIRRORS THAT OF A LOT OF PEOPLE LIKE ME WHO HAVE SPENT THEIR ENTIRE LIFE IN THIS CITY AND THE LAST SIX YEARS OF THEIR LIFE, LITERALLY GIVING IT ALL TO CREATE POLICY THAT EXTENDED BEYOND MY TIME HERE. I'M NOT POLITICALLY AMBITIOUS, SO I DON'T CARE ABOUT THE NEXT POLITICAL THING. THIS WAS MY ONLY POLITICAL THING. I WANNA FINISH STRONG. AND IF THIS IS WHAT WE'RE TALKING ABOUT ON MY WAY OUT, I HAVE TO KEEP IT ALL THE WAY REAL. SO SOME OF THE THINGS I WROTE DOWN, SO I MAKE SURE NOT TO MISS THEM. MY, ONE OF MY FAVORITE MAYORS EVER USED TO SAY, BUT FOR OFTEN ENOUGH TO WHERE I HOPED THAT OUR NEW FAVORITE MAYOR WOULDN'T SAY, BUT FOR TO DATE. HE ONLY SAID IT ONCE AND I APPRECIATE THAT, BUT I'M GONNA DO IT RIGHT NOW. [02:40:01] BUT FOR THE CAPS, THE ECONOMIC DEVELOPMENT THAT I THINK IS NOT ONLY LONG OVERDUE WAS, WAS STOLEN FROM A PEOPLE AND A PLACE BY THE VERY PEOPLE CREATING POLICY. NOT IN THAT SAME BUILDING, BUT UNDER THE SAME CAPACITY. OUR PREDECESSORS DID THIS TO UNDO IT. IT'S GOING TO COST MONEY, PERIOD. THAT'S IT. AND THIS IS NOT EVEN ABOUT LIKE BEING ABLE TO, YOU KNOW, MAKE IT SO GRANULAR THAT WE GET TO PICK IT APART. OH, IT'S NOT ABOUT BIKES. OKAY, FINE. IT'S NOT ABOUT BIKES. IT'S NOT ABOUT PARKS, IT'S NOT ABOUT, IT'S NOT ABOUT ANYTHING EXCEPT MAKING ACCESS TO MONEY AND COMMERCE. AND YES, GO AHEAD. ADMIT IT Y'ALL. WE ARE CAPITALIST SOCIETY. WE AIN'T TALKING ABOUT THAT. WE AIN'T TALKING ABOUT NOTHING. SO, BUT FOR THIS, THE LEVEL OF ECONOMIC CATCH UP THAT A PEOPLE ARE ABLE TO DO WITHOUT US GIVING THEM ANYTHING EXCEPT ACCESS. ACCESS BY WAY OF INVESTMENT. INVESTMENT, THIS IS NOT A COST. THIS IS AN INVESTMENT IN OUR CITY. THIS IS RECONCILIATION FOR WRONG. THIS IS RETROFITTING A MAJOR METROPOLITAN CITY. TURNS OUT THE PRICES WOULD A B, THAT'S WHAT IT LOOKS LIKE. SO DON'T DO IT IN THE FUTURE. I'D SAY LET THAT INFORM OUR FUTURE POLICY MAKING. LET'S NOT WRECK THIS AGAIN, Y'ALL, I'M GONNA SHOW YOU, THIS IS MY STREET. THIS IS MY STREET VIEW. CAN Y'ALL SEE ALL THEM WIRES AND POLES THAT ARE CROOKED? THAT HALF WORK, MY NEIGHBORHOOD LOOKS LIKE THAT. ALL OF MY NEIGHBORHOOD LOOKS LIKE THAT. SO WHEN WE'RE TALKING ABOUT ADJACENT INFRASTRUCTURE INVESTMENTS, SOMETHING TELLS ME, IN FACT, I'M GONNA ASK A REAL QUESTION. I'M GONNA STOP JUST TALKING. I'M GONNA ASK A QUESTION. CAN SOMEBODY IN THE ROOM ANSWER THIS QUESTION FOR ME? THE MAJOR INFRASTRUCTURE INVESTMENTS, TO YOUR POINT THAT WE MAKE WHEN WE EXCAVATE THE HIGHWAY, THAT I CAN HEAR FROM MY FRONT PORCH RIGHT NOW WHEN WE EXCAVATE THAT, I WONDER IF MAYBE JUST, MAYBE THERE MIGHT BE SOME DOMINO EFFECT WHERE IT TRICKLES ALL THE WAY DOWN 12TH STREET AND WE CAN BURY THESE POWER LINES AND GET RID OF THIS INFRASTRUCTURE THAT HADN'T BEEN OPERABLE IN 40 YEARS. ANYWAY. NOBODY NEEDS IT, BUT IT COST TOO MUCH. Y'ALL SAW THE DATA AE PUT TOGETHER THE DATA THAT SHOWED US HOW MUCH IT WOULD COST TO COME BACK AND PICK UP ALL THIS JUNK INFRASTRUCTURE THAT WE DON'T NEED. IT COSTS TOO MUCH. SO GUESS WHAT? I GOTTA LIVE WITH IT. MY KIDS GOTTA LIVE WITH IT. AND THE PEOPLE WHO LIVE IN THIS NEIGHBORHOOD, THIS IS WHAT WE LOOK AT. SO WHEN I COME OUT AND I LISTEN TO THE BIRDS AND I PLAY IN MY GARDEN, THAT'S MY VIEW. IF, IF NOTHING ELSE, IF A PART OF OUR COMMUNITY COULD HAVE AN UNENCUMBERED VIEW OF THEIR NEIGHBORHOOD BECAUSE WE ACTUALLY MADE THE NECESSARY INFRASTRUCTURE INVESTMENTS. AND THAT'S, LET'S GO AHEAD AND TAKE IT BEYOND THAT. THAT'S AESTHETICS. WHAT LIKE THE PIPES? DO WE ACTUALLY ADDRESS LONG OVERDUE INFRASTRUCTURE REPAIRS ON THIS SIDE OF I 35? IF WE'RE ABOUT TO, LET ME REPEAT IT. EXCAVATE THE HIGHWAY. MAYBE JUST MAYBE WE ACTUALLY AS A COMMUNITY GET THE INFRASTRUCTURE INVESTMENTS THAT WE NEED. THERE WAS ANOTHER THING ON MY LIST. I WANTED TO MAKE SURE, NOT TO NOT SAY. I WANNA MAKE SURE THAT OUR GENERAL PUBLIC KNOWS THAT WE AS A BODY, WE WORK COLLECTIVELY, BUT WE ARE INDIVIDUALS. AND THAT SAYING IT'S ABOUT THIS, IT'S ABOUT NOBODY'S THE DEFINITIVE, FOREMOST AUTHORITY ON THAT DAUS VIRTUALLY OR OTHERWISE. THERE ARE 10 COUNCIL MEMBERS AND ONE MAYOR WHO ALL EQUATE TO ONE VOTE. DO NOT LET PEOPLE DICTATE HOW YOU FEEL ABOUT THIS. ALL OPINIONS AND IDEOLOGY WELCOME. 'CAUSE THAT'S WHAT DEMOCRACY LOOKS LIKE. AND I KNOW THERE ARE PEOPLE ON THAT DEUS THAT BELIEVE IN THAT. AND SO I'D LIKE TO SAY THAT THE SPLINTERING WITHIN THE ADVOCACY LEAVES SO MANY GAPS FOR MISPLACED DESIRE TO ADVOCATE AND OR INFORMATION GAPS THAT WHERE PEOPLE ARE STARTING TO MAKE IT UP AND REALLY START TO FOLLOW A FALSE NARRATIVE BECAUSE IT'S THE INFORMATION THAT'S OUT THERE. SO I JUST WANNA MAKE SURE TO PUT A HIGHLIGHT ON THAT. THERE'S INFORMATION OUT THERE THAT'S NOT TRUE. I APPRECIATE COUNCIL MEMBER ALTERS. I DON'T THINK HE WAS TRYING TO THROW SHADE, BUT IN MY COMMUNITY, THAT'S WHAT IT LOOKED LIKE WHEN YOU THROW SHADE WHEN HE WAS PICKING APART YOUR PRESENTATION AND THE NUMBERS. I APPRECIATE THAT THOUGH, BECAUSE I THINK IT'S IMPORTANT TO RECOGNIZE WHILE HE WASN'T TRYING TO COME AT YOU, HE WASN'T TRYING TO AT YOU. SOMEBODY WOULD, SOMEBODY WITH AN OPPOSING VIEW. AND NOW THE CONVERSATION ISN'T EVEN ABOUT, WELL, I DON'T, I DON'T AGREE THAT THAT'S THE APPROPRIATE PATH FORWARD. SO TO YOUR POINT ABOUT WHERE ELSE WE CAN MAKE THESE INVESTMENTS, Y'ALL, WE ALL KNOW THAT US GETTING $250 MILLION FOR HOUSING THAT WE DESPERATELY NEED. AND I DON'T NEVER HAVE TO COUCH OUT ANYBODY TO TELL YOU WHAT A HOUSING ADVOCATE I AM. YOU KNOW FOR A FACT THAT GETTING $250 MILLION PUT IN YOUR HAND TODAY DOES NOT EQUATE TO $250 MILLION WORTH OF HOUSING. SO WHILE WE'RE RUNNING NUMBERS WRONG, WHAT WE CAN ACTUALLY GET, AND [02:45:01] THEN I'D LIKE TO SAY THIS, WHILE WE HAVE THIS SPLINTERED ADVOCACY, SPLINTERED MISSION, SPLINTERED VISION, THERE'S A SPLINTERING IN LEADERSHIP. I HOPE THAT SOMEBODY SOMEWHERE AT SOME POINT SAYS THE WORDS AND NOT ME. 'CAUSE I CLEARLY, I TALK TOO MUCH. SOMEBODY WHO'S MATURE AND REFINED AND SOPHISTICATED, I HOPE THEY SAY TO THE GENERAL PUBLIC, THIS IS THE KIND OF DECISION YOU CAN'T WALK BACK. SO WE EITHER WALK FORWARD INTO A FUTURE AND A REALITY WHERE WE SAY IN 2025, WE HAD THE OPPORTUNITY TO DO AND WE DID IT. AND THIS IS WHAT IT LOOKS LIKE. I AM NO PREDICTOR OF THINGS. I DON'T HAVE NO CRYSTAL BALL, BUT I AM, OH, THAT'S GOOD TO READ IT AND PRACTICE ALL THAT TO SAY I'M NOT GONNA TRY TO PREDICT THE FUTURE. IT'S NOT MY GIG. I WILL SAY, I KNOW WHAT IT LOOKS LIKE WHEN YOU DON'T GET IT RIGHT ON THE FRONT END. AND THAT THING THAT I SAID ABOUT ALL THE INFRASTRUCTURE, LIKE IF THE EAST SIDE OF I 35 CAN FINALLY GET SOME LONG OVERDUE INFRASTRUCTURE IMPROVEMENTS BY WAY OF US EXCAVATING THE HIGHWAY, I'M HERE FOR IT ALL DAY. I'M LOOKING FOR PRACTICAL APPLICATION OF REAL SOLUTIONS. AND IN MY MIND'S EYE, THE PRACTICAL APPLICATION OF MAKING A PEDESTRIAN FRIENDLY ACCESS POINT OPENS UP ECONOMICS IN A WAY THAT THE DOLLARS, JUST LIKE EVERY OTHER DATA POINT, YOU CAN PUT THE DOLLAR AMOUNTS ON PAPER. AND THEN IF YOU REALLY NEED TO BE ABLE TO DELINEATE WHO GETS THE DOLLARS, WE ARE A CITY WHO CARES SO MUCH ABOUT EQUITY. LET'S SEE WHO GETS THE DOLLARS, RIGHT? IF WE CAN MAKE IT SO THAT MOST OF THE PEOPLE WHO GET THE DOLLARS OPERATE IN A TAX BRACKET WHERE THEY ACTUALLY HAVE TO PAY THEIR TAXES, THEN I THINK WE DID. ALL RIGHT. I'LL LEAVE Y'ALL WITH THIS. THE LAST THING THAT SORT OF TINGLED MY BRAIN WHEN SOMEBODY WAS TALKING, IT WAS, I BELIEVE, I CAN'T RECALL WHO IT WAS. UM, IT WAS SOMEBODY, ANOTHER PERSON WHO WAS GIVEN A NOD TO DALLAS AND THEIR PHILANTHROPIC PAT PROWESS. NO SHADE, BIG D OR TC. I'M HERE FOR DALLAS, HOWEVER, I'M MOSTLY HERE FOR AUSTIN. AND I DON'T BELIEVE THAT THERE'S A CITY IN THE NATION THAT CAN DO IT BETTER THAN WE CAN, AS FAR AS I'M CONCERNED. AND IF IT HADN'T BEEN DONE RIGHT YET, LET'S DO IT RIGHT AND SHOW 'EM HOW IT'S DONE. I WANT THAT ATTITUDE, NOT THIS, WELL, WE CAN'T KEEP UP WITH THE OIL BARONS. THEY DON'T HAVE WHAT WE HAVE. THEY DON'T HAVE THE PEOPLE WE HAVE. WE GOT FOUR BILLIONAIRES WHO LIVE IN THIS TOWN. $140 MILLION DON'T MEAN SQUAT TO TWO BILLIONAIRES. WE HAVE TO GIVE THEM SOMETHING TO BELIEVE IN, AN INVESTMENT THAT THEY CAN BELIEVE IN AND MAKE A CONTRIBUTION DIRECTLY TOWARDS. AND I WON'T SPEAK OUTSIDE OF MY TURN, BUT I WILL SAY I'M TALKING TO PEOPLE IN FINANCIAL ASSESSMENT AND HOW WE RECEIVE AND APPLY DOLLARS, Y'ALL, I THINK WE DON'T HAVE AS MUCH TO WORRY ABOUT AS WE THINK WE DO TO GIVE THE PEOPLE THE OPPORTUNITY TO PUT THEIR MONEY WHERE THEIR BELIEFS ARE. WHEN WE TALK ABOUT OUR BUDGET BEING OUR MORAL DOCUMENT, OUR PATH FORWARD TO HOW WE REPRESENT OUR VALUES IS WITH OUR DOLLARS. LET'S LET THE PEOPLE DO IT TOO. AND I SEE A CLEAR PATH FORWARD AND I DO BELIEVE THAT WE'RE GONNA FIND OURSELVES IN A PATH FORWARD WHERE WE DO FUND ALL THE CAPS. I FEEL ODDLY OPTIMISTIC GIVEN THAT THE WORLD IS FALLING DOWN. UM, BUT THE, THE THING THAT WAS SAID WAS THAT WE'RE NOT GONNA HAVE THE SAME PHILANTHROPIC, UM, BUY-IN. I FIRMLY DISAGREE AND I LOOK FORWARD TO THE DAY WHERE ALL OF THE THINGS THAT HAVE BEEN DISCUSSED CAN BE DISCUSSED WITH ALL OF US AT THE SAME TIME, TOMA REALLY DOES PUT A NUMBER ON OUR ABILITY TO EFFECTIVELY COMMUNICATE. I LOOK FORWARD TO EFFECTIVELY COMMUNICATING MY, THE REASONS, THE RATIONALE FOR MY OPTIMISM. 'CAUSE I THINK WE'RE GOING TO BE BETTER THAN RA AND I THINK THE PEOPLE ARE GONNA CREATE THE SURPLUS, WHICH MEANS I THINK WE SHOULD DEFER TO THE PEOPLE FOR THE, UH, FOR THE POLICY MAKING ALSO. BUT THAT'S ANOTHER DISCUSSION. THANK YOU CHAIR, APPRECIATE YOU RECOGNIZING ME. THANK YOU COUNCIL MEMBER. UH, APPRECIATE YOUR, UH, COMMENTS. ANY OTHER, UH, COMMENTS OR QUESTIONS? UH, JUST, UH, GOING OFF OF WHAT COUNCIL MEMBER HARPER MADISON SAID, AGAIN, I I I THINK THE, THE COST OF INFRASTRUCTURE. YOU KNOW, WE, WE TALK ABOUT, UM, UH, PROJECTS AND THEIR COSTS AND FOLKS THROW OUT, YOU KNOW, BIG NUMBERS, $200 MILLION, $300 MILLION. UH, I JUST WANT FOLKS TO UNDERSTAND HOW EXPENSIVE IT IS TO BUILD BIG CITY INFRASTRUCTURE. UH, ONE EXAMPLE, UH, THAT, THAT, UH, TOUCHES D FOUR AND, AND D SEVEN IS, UH, THE RED LINE WHERE IT CROSSES NORTH LAMAR. UH, WE NEED TO, TO BURY THAT, WE NEED TO GRADE SEPARATE THE RAIL AND THE VEHICLES AND THE PEDESTRIANS AND THE BICYCLES. UH, AND THAT'S JUST ONE RAIL LINE CROSSING ONE STREET. THE ESTIMATES THAT I'VE SEEN FROM THE CITY FROM TDOT IS ABOUT $300 MILLION JUST TO GRADE SEPARATE ONE RAIL ACROSS ONE STREET. I MEAN, IF WE WERE TO [02:50:01] TAKE ALL OF THE RAIL SEPARATIONS, ALL OF THE, THE PLACES WHERE WE'VE GOT RAIL CROSSING ROAD AND TRY TO GR GRADE SEPARATE THAT WE'RE TALKING ABOUT BILLIONS OF DOLLARS JUST IN THAT TYPES OF INFRASTRUCTURE. I APPRECIATE COUNCIL MEMBER HARPER MADISON'S, UH, UH, COMMENT ABOUT, UH, AGAIN, WE'RE, WE'RE A BIG CITY AND BIG CITIES, UH, NEED BIG INFRASTRUCTURE PROJECTS, NEED BIG INVESTMENTS. UH, IF IF WE, IF WE WANT TO BE THE, THE, THE CITY WE, WE CAN BE THAT WE ALL KNOW WE CAN BE, WE, UH, WE NEED TO MAKE THOSE INVESTMENTS, WE CAN'T SHY AWAY FROM THEM. UH, IN FACT, IF THERE IS A THEME RUNNING THROUGH, UH, AUSTIN OVER THE LAST 25 YEARS, IT'S BEEN OUR LACK OF INVESTMENTS. UH, AGAIN, I'VE SAID IT BEFORE, BUT I'LL SAY IT AGAIN, YOU KNOW, AIRPORT TOO SMALL. WHEN WE DID IT IN 1998, CONVENTION CENTER, YOU KNOW, TOO SMALL. AGAIN, LOOKING AT THE MISTAKES THAT WE'VE MADE, THEY HAVE NOT BEEN OVER INVESTING AND, AND KIND OF STRANDING PUBLIC RESOURCES. THEY'VE BEEN UNDER-INVESTING AND THEN HAVING TO GO BACK AND, AND REINVEST IN, UH, IN PROJECTS THAT, THAT IN, IN TOO SHORT OF, UM, OF A TIMELINE. AND THEN JUST A, A COUPLE OF OTHER COMMENTS, UH, MOSTLY IN RESPONSE TO, UH, COUNCIL MEMBER SIEGEL'S, UM, UH, PRESENTATION. URBAN PARKS ARE SURROUNDED BY ROADS. LIKE, I JUST WANNA DISABUSE THIS NOTION THAT SOMEHOW URBAN PARKS ARE IN THIS IDYLLIC PLACE IN THE MIDDLE OF, UH, NOWHERE. YOU KNOW, WHEN YOU THINK ABOUT THE BEST URBAN PARKS, UH, A CENTRAL PARK, UH, A MILLENNIUM PARK, UH, I THINK ABOUT MEMORIAL PARK IN, UH, HOUSTON. UH, VIRTUALLY EVERY MAJOR URBAN PARK IN THE COUNTRY IS SURROUNDED BY MAJOR ROADS ON ALL SIDES, HAS ROADS CUTTING THROUGH THE MIDDLE OF IT. UH, THE INTERACTION BETWEEN VEHICLES AND PEOPLE AND PARKS IS, IS A NATURAL AND NORMAL PART OF A MAJOR CITY ENVIRONMENT. SO I, I JUST DON'T UNDERSTAND WHERE WE WOULD PUT A PARK, ESPECIALLY IN DOWNTOWN OR IN THE CENTRAL AUSTIN AREA THAT WOULD NOT AT SOME POINT BE BISECTED BIPARTISANS. UH, I THOUGHT THAT, UH, COUNCIL MEMBER ALTER'S, UH, POINT ABOUT, UH, THE MOPAC AND ZILKER PARK, UH, WAS, UH, WAS VERY GOOD. UH, I, I WOULD SAY HONESTLY, WHEN I THINK ABOUT THE SAND VOLLEYBALL COURTS, THOSE MAY BE A THOUSAND FEET FROM, UH, MOPAC AND I, WHEN I THINK ABOUT A LOT OF KIND OF THE ATHLETIC FACILITIES, UH, THE, THE, THE SCIENCE CENTER IS PROBABLY LESS THAN A THOUSAND FEET FROM A MPEC. I MEAN, AGAIN, I THINK THAT'S JUST PART OF, OF BEING IN AN, UH, URBAN EN ENVIRONMENT. UM, AND THEN WITH REGARD TO THE CONTIGUOUS PARK, UH, COUNCIL MEMBER SIEGEL WAS SHOWING THE, THE FOURTH, UH, UH, TO FIFTH AND FIFTH TO SIXTH AND SIXTH TO SEVENTH STREET, UH, PARKS. AND, UH, THOSE ARE EACH GONNA BE, HONESTLY, A, A DECENTLY UH, UH, LARGE PARK. BUT, UH, IF YOU NOTICED ON HIS SLIDE, THEY HAVE ACCESS FROM THE EAST VIA A, UH, TRAIL, UH, A BIKE AND PEDESTRIAN TRAIL. AND THANK YOU VERY MUCH. I SEE THE, THE, THE SLIDE UP ON THE SCREEN. AND IF YOU COULD, UH, SHOW THAT, UH, I WOULD, UH, REALLY APPRECIATE IT. UM, THE, THEY WILL BE THE ROADS BETWEEN DOWNTOWN AND THE PARKS. THE BOTH ACCESS ROADS ARE BEING SHIFTED OVER TO THE WEST SIDE OF THE HIGHWAY WITH THE IDEA BEING THAT WE WILL CONNECT DIRECTLY TO THE EAST SIDE OF THE HIGHWAY, WHERE PEOPLE IN EAST AUSTIN WILL HAVE DIRECT PEDESTRIAN AND BICYCLE ACCESS RIGHT ONTO THOSE CAPS. SO YES, IF YOU'RE COMING WEST FROM DOWNTOWN, YOU'VE GOT TO CROSS THE ACCESS ROADS. IF YOU'RE COMING EAST INTO THOSE PARKS, YOU DO NOT HAVE TO CROSS ANY ROADS. YOU WALK RIGHT STRAIGHT INTO THESE BEAUTIFUL NEW PARKS THAT WE COULD POSSIBLY BUILD. AND HONESTLY, I THINK ABOUT THE, THE SIXTH STREET, I, I LIKE TO CALL 'EM THE, THE SIXTH STREET, UH, CAPS, UH, A CAP CONNECTING EAST AND WEST SIXTH STREET WOULD BE ONE OF THE BEST PARTY VENUES IN THE WORLD. UM, I MEAN, LET'S BE QUITE HONEST, WHEN WE, AND, AND THE STAFF, UH, ANALYSIS REFLECTS THAT, THEY IDENTIFIED THOSE CAPS BETWEEN FIFTH AND SEVENTH, BETWEEN FOURTH AND SEVENTH AS THE MOST, UH, GENERATIVE OF ECONOMIC ACTIVITY, THE MOST RETURN. BECAUSE AGAIN, I I, I MEAN, WE DON'T HAVE TO, YOU DON'T HAVE TO THINK VERY HARD TO THINK ABOUT THE, THE MUSIC FESTIVALS, THE PUBLIC EVENTS. UH, THERE'S JUST SO MANY POSSIBILITIES FOR THOSE PARKS RIGHT AT THE HEART OF WORLD FAMOUS SIXTH STREET. YOU KNOW, I REMEMBER WHEN NO ONE WENT TO EAST SIXTH WHERE ALL THE ACTION ON SIXTH STREET WAS WEST OF THE HIGHWAY, UH, IN MY TIME HERE IN AUSTIN, THAT HAS ENDED. NOW, EAST SIXTH IS AS LIVELY AND AS, AS HOPPING AS, AS ANY PART OF, UH, WEST SIXTH. AND WE HAVE THIS OPPORTUNITY TO CONNECT EAST AND WEST SIX INTO ONE OF A, A BEAUTIFUL PUBLIC AREA. SO MUCH FUN. SO MANY EVENTS. I MEAN, FROM THE PECAN STREET FESTIVAL TO THE [02:55:01] SOUTH BY SOUTHWEST, AGAIN, IT DOESN'T, IT DOESN'T TAKE A LOT OF IMAGINATION TO THINK ABOUT THE POSSIBILITIES ON, ON THAT. UH, CAPS IN IN PARTICULAR. AND AGAIN, GOING, STICKING ON THE, ON THE, UH, CONTINUOUS PARK, THE CESAR CHAVEZ THROUGH FOURTH CAP WOULD CONNECT DIRECTLY TO PALM PARK ON THE WEST SIDE OF, UH, THE, THE HIGHWAY, CREATING A CONTIGUOUS PARK THAT'S CONNECTED ALSO TO THE WATERLOO GREENWAY. SO THIS IDEA THAT KIND OF, THEY'RE, THEY'RE SEPARATED IN ISLANDS IS JUST NOT TRUE BASED ON ALL OF THE SCHEMATICS, ALL OF THE DIAGRAMS THAT WE'RE SEEING. UH, YES, THEY HAVE ROAD ROADS RUNNING THROUGH THEM. IT'S 'CAUSE THEY'RE IN DOWNTOWN AND WE HAVE A LOT OF ACTIVITY IN DOWNTOWN AUSTIN. BUT THEY, I THINK THEY'RE THOUGHTFULLY DESIGNED TO TRY AND MINIMIZE THAT, UH, DISTURBANCE BETWEEN ROADS AND CARS AND, AND, AND PARKS. UM, AND THEN, UH, FINALLY, YOU KNOW, THERE'S THIS KIND OF IDEA THAT THE, THE ADJACENT LAND, UH, TO I 35 RIGHT NOW IS, IS, IS CHEAPER. AND AGAIN, I THINK THAT WAS CITED AS A, AS A NEGATIVE FROM AN ECONOMIC DEVELOPMENT PERSPECTIVE, SAYING THAT THIS IS KIND OF THE LOWER VALUE LAND. THE REASON THAT THE LAND NEXT TO I 35 IS OF LOWER VALUE THAN OTHER DOWNTOWN LAND IS 'CAUSE IT'S NEXT TO ON 30 TO I 35. IT'S COMPLETELY UNMITIGATED FROM THE HORRIBLE EFFECTS OF THE HIGHWAY WHERE THE, JUST THE NOISE AND THE LIGHT AND ALL OF THE NEGATIVE EFFECTS OF THE HIGHWAY, UH, EFFECT THOSE PROPERTIES. UM, FINALLY, I WOULD ALSO ADD, AGAIN, I KNOW WE'RE NOT TALKING ABOUT THE, THE EAST SIDE, UH, PROPERTIES RIGHT NOW, BUT AGAIN, THINKING ABOUT, UH, EAST SIXTH AND EAST SEVENTH, THERE ARE TWO GAS STATIONS BETWEEN SIXTH AND SEVENTH STREET ON EAST, UH, EAST OF, OF 35. UH, JUST NORTH OF THAT, THERE IS A FAST FOOD RESTAURANT THAT IS JUST, YOU KNOW, BASICALLY AN ASPHALT WASTELAND. THE OPPORTUNITY, WE HAVEN'T EVEN REALLY TALKED OR REALLY MODELED, UH, ANY POSSIBLE EFFECTS OF, OF DEVELOPMENT EAST OF 35 DUE TO THE CAPS OF CHANGING ENTITLEMENTS, ESPECIALLY I THINK ALONG THAT FOURTH THROUGH SEVENTH STREET CORRIDOR, WHICH IS, UH, LARGELY COMMERCIAL. UH, THAT WOULD BE A GAME CHANGER FOR SOME REALLY BADLY UNDERUSED LAND IN THAT AREA. SO I WOULD JUST THROW THAT OUT THERE AS A, A ANOTHER POSSIBLE, UH, ECONOMIC, UH, DEVELOPMENT, UH, PROPERTY TAX GENERATING A POSITIVE EFFECT OF THE, UH, THICK STREET, UH, CAP. UM, ANY OTHER, UH, COUNCIL MEMBER UCHIN? THANK YOU COUNCIL MEMBER. I, UH, I'VE BEEN TRYING TO THINK THIS WHOLE TIME SINCE WE'VE BEEN HERE, UM, WHERE THE, WHO THE BENEFICIARY OF ANY COMMENTS I MIGHT MAKE ARE. AND SO REALLY MY HOPE IS TO JUST TRY AND, UH, DIRECT A COUPLE OF COMMENTS TOWARDS US AND THE DAAS AS WE GO FORWARD AND PREPARE FOR THURSDAY ON THIS IMPORTANT ISSUE. SO ALONG THOSE LINES, JUST WANNA ADD A COUPLE OF THINGS TO THE EXISTING CONVERSATION. AND, AND THEN BY THE SAME TOKEN, STAY AWAY FROM QUIBBLING WITH ANY DATA AND, UH, AND LEAVE THAT FOR THURSDAY. ONE IS TO CONVEY, YOU KNOW, I TAKE PER COUNCIL MEMBER ELLIS'S COMMENTS WHY WE'RE HERE REALLY IMPORTANT. AND TO THAT POINT, HAVE TRIED OVER THE LAST WEEK, WEEK AND A HALF TO VISIT WITH A LOT OF FOLKS IN THE DISTRICT AND OUTSIDE OF IT HAD AT LEAST THREE BIG EVENTS GOING OUT TO DO ONE MORE TONIGHT FOR COFFEE WITH A COUNCIL MEMBER TO LISTEN PEOPLE AT THE JCC, UH, AND TRY AND FIND ABOUT WHERE PEOPLE ARE ON THIS ISSUE, AT LEAST IN MY DISTRICT. AND I'VE HEARD TODAY, COMMENTS FROM THE PUBLIC, NO DO OVERS MUST DO NOW, CITYWIDE DESTINATION. THE ONE ARGUMENT THAT I'VE HEARD FOR TWO PEOPLE, OUT OF ALL THE PROBABLY 300 PEOPLE I'VE TALKED TO OVER THE LAST WEEK AND A HALF, THAT DESIRE PART OF THIS PLAN IS AROUND THE EQUITY AND 1928 MASTER PLAN. AND MY CONVERSATION WITH THOSE TWO FOLKS ON SATURDAY, UH, IT SEEMS LIKE THEY WOULD, GENERALLY SPEAKING, BE SATISFIED WITH SOME PORTION OF WHAT WE'RE PROPOSING, BUT ALSO UNDERSTAND THAT WE'VE GOT GREAT FINANCIAL CONSTRAINTS AND HAVE NO EXPECTATION FOR US DOING IT ALL. ANOTHER POINT I WANT TO JUST REINFORCE THAT I DON'T THINK HAS REALLY COME UP TODAY AND REALLY I FEEL LIKE IS VERY CENTRAL TO THE SPLIT ON THIS DAIS IS THE SPECIFIC GEOGRAPHIC COMPONENT TO THIS PLAN. UH, AND I SAY THAT I, I SURE, I'M SURE EVERYBODY HERE HAS CONTEMPLATED IT, THAT WE'VE GOT A PLAN THAT HEAVILY INVESTS IN FOUR OR FIVE COUNCIL DISTRICT AND DOES NOT INVEST IN [03:00:01] ANOTHER FIVE OR SIX. UH, AND SO WHAT DOES THAT COMPROMISE LOOK LIKE IF WE'RE GONNA STRIKE SOMETHING BETWEEN NOW AND THURSDAY FOR WHAT WE CAN DO? I CAN ASSURE YOU WHAT WE'RE TALKING ABOUT FUNDING SOLUTIONS AND TAKING AWAY THE ONE BRIDGE THAT CONNECTS ME IN DISTRICT, UH, EIGHT, THAT DOESN'T ENDEAR ME TO THE FUNDING SOLUTION THAT'S PROPOSED, BUT BY THIS, BY THE FLIP LOGIC, I WANNA SAY, WHAT ARE THE IDEAS THAT WE CAN COME UP WITH THAT WOULD, UH, ENCOURAGE A COMPROMISE BETWEEN FOLKS THAT WOULD BE, I WOULD ARGUE, DIRECT BENEFICIARIES OF A HISTORIC INVESTMENT VERSUS OTHER COUNCIL DISTRICTS THAT ARE NOT. UM, ON ALSO KNOWING THAT WE MAY BE GETTING PERHAPS 10 TO 12 ACRES OF UT CAPS, THEY'RE BUILDING THEIR, UH, THEIR ELEMENTS. AND MY ASSUMPTION WOULD BE THAT IF THEY'RE BUILDING THEIR ELEMENTS, THEY'RE GONNA BE INCENTIVIZED TO BUILD THEIR AMENITIES AND CAPS. SO I'M ALSO ON THE ASSUMPTION THAT WE'RE GONNA GET 10 OR 12 ACRES THAT'S GONNA BE RIGHT OUT THE GATE TWICE AS BIG AS THE ORIGINAL DALLAS CAP PROGRAM. UH, SO TO BUILD ON, AND I WANNA ALSO APPLAUD COUNCIL MEMBER ALTER, BY THE WAY, I THOUGHT HIS EFFORTS TO FUNDRAISE AROUND THIS PROJECT WE'RE INCREDIBLY CREATIVE. AND BY THE SAME TOKEN, I'M GONNA BE SPENDING A LOT OF TIME BETWEEN NOW AND THURSDAY TRYING TO THINK REALLY CREATIVELY ABOUT WHAT OTHER ENTITIES HAVE RESOURCES THAT COULD POTENTIALLY HELP WITH THIS PROJECT THAT MIGHT MAKE THE STING OF IT OR THE CONTEXT AROUND HOW WE'RE MAKING THIS DECISION IN A TIME OF FINANCIAL CONSTRAINT A LITTLE LESS SEVERE. UH, AND THEN THE LAST THING I'M GONNA SAY IS I DO ALSO FEEL LIKE WE ARE STILL MISSING A BIT OF A CONVERSATION AROUND, I I THINK WE TOUCHED ON IT EARLIER WITH SOME OF YOUR QUESTIONS. COUNCIL MEMBER ALTER ABOUT WHICH CAPS ARE MOST IMPORTANT AND WHY WE ARE GONNA HAVE TO MAKE SOME, I THINK, DIFFICULT DECISIONS AROUND THIS. UH, DON'T FEEL LIKE WE'VE STILL HAD EVEN TODAY A ROBUST CONVERSATION AROUND WHY THIS CAP IS MORE IMPORTANT THAN THAT CAP. UH, I KNOW AGAIN, A MOMENT AGO, COUNCILOR VELA INTRODUCED AN IDEA ABOUT THE PARTICULAR ECONOMIC BENEFIT OF A CERTAIN CAP. UH, BUT I WISH THAT CONVERSATION WAS A BIT DEEPER AND I WISH WE COULD THEN MAYBE TRIAGE WHICH ONES THAT WE ARE, UH, MOST GENERALLY IN FAVOR OR WHICH CREATE THE MOST BENEFIT FOR EITHER THINGS THAT WE CAN QUANTIFY OR THINGS THAT WE CAN'T. UM, SO AT LEAST UNDERSTAND WHERE PEOPLE ARE AND WHERE THEIR PRIORITIES ARE ON AS WE GET INTO THURSDAY. UH, AND THEN THE LAST THING I'LL SAY, I'LL GET ON THAT POINT IS I WISH WE ALSO HAD A BIT MORE DATA AND I HOPE TO FOLLOW UP WITH, UM, THE CITY ON THIS IS UNDERSTANDING EVEN THE DIFFERENCES BETWEEN SOME CAPS AND STITCHES. I DO FEEL LIKE, AGAIN, IF THE IDEA HERE IS TO COMPROMISE IN A PARTICULAR ANSWER, UM, I WONDER WHERE WE CAN HAVE STITCHES INSTEAD OF CAPS. I WONDER WHERE WE CAN SETTLE FOR SOMETHING THAT MAYBE, UM, THAT STILL CREATES SOME DEGREE OF VALUE GREATER THAN THE ORIGINAL, UH, TDOT 30 FOOT EASEMENT BRIDGE, UM, AND STILL ACCOMPLISHES SOME OF THE CONNECTIVITY AND ISSUES AROUND EQUITY AND THE 19 AND 28 MASTER PLAN, BUT DOES NOT NECESSARILY HAVE THE FULL COST OF A COMPLETE CAP. SO THOSE ARE THE THINGS THAT I'LL BE WORKING ON AND I'M HOPING THAT WE CAN THINK COLLECTIVELY ABOUT HOW TO ADDRESS SOME OF THOSE QUESTIONS. THANKS. THANK YOU. COUNCIL MEMBER UCHIN, UH, COUNCIL MEMBER HARPER MEDICINE. THANK YOU CHAIR. I'M SORRY, I, I REALLY JUST, I WAS, I, SO I HEARD THIS, UH, I HEARD SOMEBODY SAY SOMETHING IN A PRESENTATION RECENTLY THAT RESONATED WITH ME. THAT WAS THE FIRST THING I WANTED TO SAY. THEY TALKED ABOUT, UM, THE ECONOMY OF PEDESTRIAN PRIORITY. AND I'D JUST LIKE FOR, AS WE'RE ALL COLLECTIVELY AND INDEPENDENTLY TAKING THE DOLLARS AND THE NUMBERS AND EVERYTHING INTO CONSIDERATION, THERE'S REAL GOOD DATA OUT THERE. UNFORTUNATELY, WE'LL HAVE TO COMPILE IT OURSELVES 'CAUSE NOBODY'S FIT TO DO SO. AND IF IT EXISTS, PLEASE PROVE ME WRONG. I'M LOVING IT THESE DAYS. IF THERE'S DATA THAT SHOWS THE VALUE OF PEDESTRIAN PRIORITY BASED CITY PLANNING, BUILDING URBAN PLANNING, ET CETERA, I'D LOVE TO SEE WHAT THAT LOOKS LIKE. UM, I WANTED TO REMIND FOLKS THAT WHEN I RAISED MY HAND IN THAT SAME ROOM, WATERLOO WAS IN DISTRICT ONE. I'LL WAIT. YEAH, LET IT SIT FOR A SECOND. WATERLOO AND HEALTH SOUTH WERE DISTRICT ONE ASSETS IN 2019. THAT PART, THEN ALSO COUNCIL MEMBER UCHIN, WITH ALL DUE RESPECT, YOU ASKED A GOOD QUESTION, BUT NOT A REAL QUESTION. YOU SAID, WHY AREN'T WE HAVING THIS CONVERSATION? AND I'D JUST LIKE TO SAY, I'LL POINT TO YOUR ORIGINS. YOU'RE FROM SOUTH AFRICA, YOU KNOW WHY WE'RE NOT HAVING THIS REAL CONVERSATION, SIR. SO WITH ALL DUE RESPECT, WE'RE NOT GONNA HAVE A REAL CONVERSATION 'CAUSE WE'RE NEVER GONNA REALLY TALK ABOUT RACISM IN AUSTIN . AND THAT'S WHY YOU'RE WELCOME. [03:05:01] THEN THE OTHER THING I WANTED TO TALK ABOUT WAS, I, I I THINK IT MIGHT HAVE BEEN YOU ALSO COUNCIL MEMBER UCHIN WHERE WE WERE TALKING ABOUT COMPROMISE. AND IT MADE ME THINK IMMEDIATELY ABOUT WHEN COUNCIL MEMBER HOUSTON ATTEMPTED TO COMPROMISE AND BE MORE FAIR AND GAVE AWAY MILLIONS OF DOLLARS IN SIDEWALK FUNDING TO YOUR DISTRICT, FRANKLY, UM, THAT DIDN'T NEED IT TO BE FAIR. SO WE EQUITABLY SPLIT THE DOLLARS. UM, I DON'T WANT TO DO THAT EVER AGAIN IN THIS TOWN UNTIL WE MAKE IT RIGHT. SO BY THURSDAY IT IS MY HOPE THAT IN THE BACKUP AND AS A PART OF OUR POINTS OF CONSIDERATION AND DATA, WHATEVER VERSION WE HAVE AVAILABLE OF THAT DISPOSSESSION STUDY THAT WE ORDERED TO SPEAK, PEOPLE KEEP BRINGING UP THE 1928 MASTER PLAN. LET'S TALK ABOUT IT. WE'RE NOT, SOMEBODY SAID TO ME ONE TIME, PTSD BEING BLACK IN AMERICA TODAY IS NOT POST-TRAUMATIC STRESS. IT'S PRESENT EVERY G*****N DAY. TRAUMATIC STRESS. WE'RE NOT TALKING ABOUT THE 1928 MASTER PLAN. IF YOU WANNA KEEP IT ALL THE WAY REAL, LET'S TALK ABOUT TODAY. BUT IF WE ARE TALKING ABOUT THE 1928 MASTER PLAN, YOU DON'T HAVE TO SPEND ANY INORDINATE AMOUNT OF TIME COMPILING DATA BECAUSE THE CITY HAS BEEN WORKING ON FOR YEARS, THE DISPOSSESSION STUDY THAT SPEAKS TO THE FINANCIAL COST, THE LINE ITEM, WHAT ARE THE NUMBERS, WHAT DID IT COST FOR US TO BE A SLEEPY TOWN THAT TRADED IN PEOPLE AND BENEFITED FROM IT UNTIL WE TALK ABOUT THAT VERY BORDER REGIONS ACROSS THE HIGHWAY FROM ME RIGHT NOW WITH ALL THAT ENDOWMENT MONEY, YOU DON'T THINK THERE'S SLAVE MONEY IN THERE? FINE, LET'S TALK ABOUT IT, BUT WE'RE NEVER GONNA DO THAT. SO TO ANSWER YOUR QUESTION, WE'RE NOT GONNA TALK ABOUT THE WHY. WE MIGHT IF WE'RE LUCKY. TALK ABOUT THE OTHER QUESTION. WELL, WHAT CAN WE DO? I ALSO HOPE THAT WE HAVE A COMPREHENSIVE, ROBUST DISCUSSION ON THURSDAY, BUT WANT TO RECOGNIZE THAT'S WITHIN THE LIMITED DISCUSSION WE'RE HAVING. 'CAUSE UNTIL WE'RE TALKING ABOUT THE REAL THING, TALKING ABOUT S**T. THANK YOU, UH, COUNCIL MEMBER HARPER MADISON. UH, WE SHOULD GO AHEAD AND AND WRAP THIS UP. UH, AND UH, LET ME JUST CHECK WITH THE DAIS. DO WE NEED TO TAKE A SHORT RECESS OR SHOULD WE GO AHEAD AND JUMP INTO THE, UH, SHOULD WE GO AHEAD AND ADJOURN THE, THE, THE WORK SESSION AND JUMP INTO THE AUSTIN ENERGY, UH, MEETING? I COULD USE A SHORT BREAK. ALRIGHT THEN LET'S GO AHEAD THEN. THE WORK SESSION FOR THE AUSTIN CITY COUNCIL IS ADJOURNED AT 1207. WE WILL TAKE A SHORT RECESS, UH, BEFORE, UH, COMMENCING THE AUSTIN ENERGY. UH, HOW ABOUT, HOW ABOUT A, TO MAKE IT 12 MINUTES, 1220. JUST TO TRY TO GET THROUGH THAT. LET, LET, WE'LL COME BACK AT, UH, 1220, UH, AND GET GOING ON AUSTIN ENERGY. THANK YOU. . * This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.