AUSTIN, TX—The Austin City Council plans to vote next week on a special measure to reconcile city code with a Dec. 10 Texas Attorney General opinion stating that the city was expiring proposed developments too early.
The new proposal calls for a five-year period before ordinances are revokes for inactivity., reports the Austin Business Journal. In some cases developers have three years to make significant progress on projects. The changes would also remove a clause that expires a project application if all of the permits expire. The council plans to vote on the ordinance March 21, and the changes would take effect immediately.
Click Austin Business Journal to read the full story.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
