Found 1 blog entry tagged as large-scale development.

Velocity is planned as a mixed-use development of up to 7 million square feet at State Highway 71 and FM 973, east of Austin-Bergstrom International Airport. It is one of a handful of Travis County projects currently underway as a Public Improvement District. KIMLEY-HORN

Austin Business Journal shares, "after a four-year hiatus, Travis County is reintroducing a tool designed to support large-scale developments.

The Travis County Commissioners Court on Jan. 30 lifted a moratorium on public improvement districts, or PIDs, after nearly a year of review.

That means developers can begin submitting applications for new PID agreements Feb. 1.

PIDs enable counties and cities to levy additional taxes on sites to pay for specific project-related improvements. They're used in counties across Texas to help cover some costs to developers, such as road construction, water and wastewater systems and landscaping, when they build master-planned communities and other big projects.

Before unanimously voting to lift their PID…

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