BY KAMERYN GRIESSER, HALEY MCLEOD & CHLOE YOUNG
Council amends budget for FY 2023-24 Georgetown City Council members voted to amend the city’s fiscal year 2023-24 budget to reflect a $26 million increase in expenses at an April 9 meeting. The amendment includes rising costs for some capital projects and an increase in public safety positions. Prices have escalated for the Austin Avenue pedestrian bridge, the Austin Ave- nue bridge rehabilitation project, and the downtown parking garage, officials said. What else? The amended budget also accounts for a $20 million increase in revenue from interest earnings, bond proceeds, the Two Step Inn Festival, and increased water and wastewater rates, said Nathan Parras, the city’s assistant finance director.
Developer eyes land by Teravista for housing The city of Georgetown is one step closer to having more density-focused housing after council gave initial approval to development plans for land next to the Teravista neighborhood on April 23. Ahead of the vote, dozens of community mem- bers voiced opposition to the plan, citing a variety of safety, privacy and traffic concerns. The gist The planned unit development, named Lookout Ridge, will feature 330 total units, including both single-family homes and two-family duplexes. The neighborhood will be located on 41 acres of undeveloped land north of the Teravista neigh- borhood and south of several parcels zoned for industrial development and business parks. At the meeting, Assistant Planning Director Travis Baird said the higher density housing could provide a buffer between the industrial area and the
LOOKOUT RIDGE
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single-family residential area. “We’re missing a middle market in Georgetown,” said developer Travis Cooley of Cooley Capital. “There are many people that work here that would love to live here but can’t afford to.” To provide more affordable options, Cooley said the units will be below Georgetown’s median home price of $435,000. During the public hearing, several residents said the introduction of hundreds of households would cause overcrowding within local schools and increased traffic to the area.
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