By DeeinAustin™

The Titanic-sized Villa Muse development is in trouble and sinking fast.The viability of the project in Austin took a controversial downturn after Austin City Council narrowly denied their request to release acreage in East Travis County.

Villamusesinking As a result, News 8 Austin reported that developers are seeking bids from other cities.

You may recall that Villa Muse consists of a mixed-use arts and entertainment community and complex. The slated location is in East Travis County near Manor, just outside of Austin's jurisdiction.

Villa Muse is an extremely critical decision for Austin. The $2.5 billion project promises up to 110,000 jobs.

WHAT'S SO CONTROVERSIAL ABOUT AUSTIN'S VILLA MUSE?

Continue reading $2.5 Billion Villa Muse Takes Titanic Downturn after Critical Austin City Council Vote

 

2 Comments on $2.5 Billion Villa Muse Takes Titanic Downturn after Critical Austin City Council Vote

MAR
21
2008

Villa Muse was a pie-in-the-sky development. The fact that a business wants to set up shop and not comply with the Land Development Code and our local construction codes was highly suspect in my mind. The City of Austin does a good job of ensuring that our environmental quality is maintained and that buildings are safe to occupy and use.

These folks didn't want to comply yet proclaim a $2.5 billion (yup B as in billion) potential for revenue? Come on, the cost of complying with the local codes and standards in compared to the potential profits is less than 1/100th of the supposed profit.

Adios to those losers...

Promises, promises
11:56am • #1
MAR
23
2008
I read about this in the paper. I couldn't believe the Council's decision. Hopefully the other cities won't be receptive to helping them. After all Austin is one of a kind.
12:28am • #2

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Dee Copeland, Principal Broker

Austin, TX

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