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Old Posted Feb 21, 2011, 10:49 PM
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KevinFromTexas KevinFromTexas is offline
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Join Date: Jul 2001
Location: down the street from the taco trailer
Posts: 46,735
The amount of money this will generate for Austin's economy will more than make up for the new tax. They said 40 cents over 13 years would generate $55 million in tax dollars. Hell, if even one single residential building or hotel or office building is built anywhere along the creek, the cost of building that one building would easily pump $55 into Austin's economy. Halting the floods that happen on the creek will free up 27 acres for development. You could put up to 60 buildings with ease on that amount of land with room to spare.
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