Southwest Austin - Dripping Springs Edition | July 2020

SOUTHWEST AUSTIN DRIPPING SPRINGS EDITION

VOLUME 13, ISSUE 4  JULY 29AUG. 25, 2020

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TESLA GETS GIGA-SIZED INCENTIVES

Tax deal drives Tesla factory to Travis County

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BY OLIVIA ALDRIDGE

Electric automaker Tesla will build its next manufacturing plant in Tra- vis County in an area just east of the city of Austin, bringing with it at least 5,000 new jobs. Tesla CEO Elon Musk announced the decision in a July 22 earnings call following months of deliberations between the company, Travis County and Del Valle ISD over economic incen- tives to bring the company to Texas. Tesla anticipates construction to

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HAROLD GREEN ROAD

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Electric automaker Tesla will develop a 2,100-acre site in Southeastern Travis County at Hwy. 130 and Harold Green Road for its next "gigafactory," a massive production plant that would manufacture the new Cybertruck. Here is what the decision means for Travis County:

5,000 new jobs

4-5 MILLION square-foot factory

$8.8 MILLION+ in county tax revenue over 10 years

$776,000 in annual school district revenue

$13.9 MILLION in county tax breaks for Tesla over 10 years

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SOURCES: TESLA, TRAVIS COUNTYCOMMUNITY IMPACT NEWSPAPER

2020 EDI T ION REAL ESTATE

Low inventory, high demand creating competitive SouthAustin housingmarket

BY NICHOLAS CICALE

way, preventing her family from mak- ing a trip to see homes in person, she said. Knowing her family had to move for her husband’s job, Osler said they conducted their home search online with the help of a local Realtor. With the competitiveness of the South Austin market, she said she knew when the right home hit the

Juliette Osler and her family had never visited Austin prior to Decem- ber, when they drove the area after her husband was oered a job trans- fer from Kansas City. He accepted the position, and the family planned to return in the spring to look for a home in South Austin. The coronavirus pandemic got in the

"I had a client wherewe had seven dierent oers on homes to the tune of $20,000-$50,000 above list , and theywere not accepted."

JENNIFER ARCHAMBEAULT, SOUTHWEST AUSTIN REALTOR

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2020 EDI T ION REAL ESTATE

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