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City outlines status of long‑term redevelopment projects including Mueller, Seaholm, Colony Park and Grove Riverside
Summary
Financial Services and Real Estate staff briefed the committee on the status of multiple city redevelopment projects — Mueller, Seaholm/Second Street District, Colony Park, St. John's and a new Grove Riverside assemblage around the former Tokyo Electron site — and discussed financing, community benefits and next steps.
Kim Olivares, Director of Financial Services, and Christy McGuire presented an update on City of Austin redevelopment projects on Sept. 17, describing project histories, community benefits and development timelines for long‑running and newly assembled sites.
Olivares and McGuire said the city focuses on repurposing decommissioned utility land and other city‑owned tracts to deliver mixed‑use development, affordable housing, parks and tax revenue. They highlighted several projects at various stages:
- Second Street District and Seaholm: Long‑running downtown redevelopment near City Hall and the converted Seaholm Power Plant, which now contains mixed‑use development and local retail. - Mueller (referred to in the presentation as "Miller"): A large former airport redevelopment that has taken two decades to reach its current buildout; staff said the project demonstrates…
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