Austin City Council to consider financing options for new MetroRail stations at Broadmoor Campus, soccer stadium

The city of Austin could work with Capital Metro to look into public financing options to help fund new MetroRail stations at the new Austin FC soccer stadium at McKalla Place and at the Broadmoor Campus in North Austin. (Amy Denney/Community Impact Newspaper)
The city of Austin could work with Capital Metro to look into public financing options to help fund new MetroRail stations at the new Austin FC soccer stadium at McKalla Place and at the Broadmoor Campus in North Austin. (Amy Denney/Community Impact Newspaper)

The city of Austin could work with Capital Metro to look into public financing options to help fund new MetroRail stations at the new Austin FC soccer stadium at McKalla Place and at the Broadmoor Campus in North Austin. (Amy Denney/Community Impact Newspaper)

The city of Austin could start working with Capital Metro to look into public financing options to fund new MetroRail stations adjacent to the Broadmoor Campus and the future Major League Soccer stadium in North Austin.

According to the Nov. 14 Austin City Council agenda, Item 100 proposes to direct the city manager to work with Capital Metro on the completion of these two stations and look into public funding options that could leverage private financing. The item would also direct staff to conduct a feasibility and financial study of creating what is called a Tax Increment Reinvestment Zone District, or TIRZ. A memo of the findings would then be presented to council in January, according to city documents.

Council Member Leslie Pool, who represents District 7 that includes the Broadmoor Campus and soccer stadium, brought the item to council.

"The rail stations will make a big difference in years to come," she wrote Nov. 6 on the council message board.

A TIRZ allows a jurisdiction to adopt an ordinance and set a geographic area to promote redevelopment or development in that area, according to state comptroller’s website. These zones have their own financing plan to outline how taxes collected would be reinvested in the zone. Austin currently has a TIRZ for the Waller Creek development.


In May, Capital Metro announced an aggressive timeline to open the two new MetroRail stations by 2021, including the McKalla Place station in time for opening day of Austin FC, the new Major League Soccer team.

Capital Metro is already planning to relocate its existing Kramer Station to the Broadmoor Campus, which is now owned by Brandywine Realty Trust. Brandywine is working with Capital Metro on the new station and plans to build a 400-space parking garage.

"Both stations, as you know, do have some funding, but gaps exist that must be filled," Pool wrote on the council message board.

A Capital Metro spokesperson said the agency does not have any cost estimates for completing the two new rail stations but is working to get cost estimates.

The Broadmoor Campus, located at 11501 Burnet Road across from The Domain, is an existing 1 million-square-foot campus built on 66 acres in the 1990s and previously owned by IBM. Brandywine is planning to build out the campus with multifamily units, hotels, retail and offices.


MOST RECENT

Travis County has had 13,864 total confirmed coronavirus cases since the beginning of the pandemic as of July 9. (Community Impact staff)
Travis County tops 700 new COVID-19 cases for second straight day July 9

Travis County has had 13,864 total confirmed coronavirus cases since the beginning of the pandemic.

Effective July 9, hospitals in more than 100 counties across the state must now postpone elective surgeries unrelated to COVID-19. (Courtesy Adobe Stock)
MAP: Governor expands restrictions on elective surgeries to more than 100 Texas counties

Texas Gov. Greg Abbott expanded the restrictions that initially required only hospitals in Bexar, Dallas, Harris, and Travis counties to postpone all non-medically necessary surgeries and procedures that are unrelated to COVID-19.

An employee at Terry Black's Barbecue in Austin works in a mask May 1. (John Cox/Community Impact Newspaper)
Austin’s new law: Follow health authority rules or face $2,000 penalty

Austin-Travis County Interim Health Authority Dr. Mark Escott is set to publish new orders mandating masks and social distancing this week.

(Courtesy Fotolia)
Leander ISD sets July 31 deadline for parents to choose between online or in-person learning

The deadline for Leander ISD parents to determine the method of their child’s learning is July 31—two weeks before the first day of school Aug. 13.

Reported coronavirus cases jumped nearly 400% over the past month in Williamson County. (Courtesy Adobe Stock)
Reported coronavirus cases jump nearly 400% over past month in Williamson County

Coronavirus-related deaths and hospitalizations also saw the largest increase in the past 30 days.

The eSports Cave
The eSports Cave opens with gaming tournaments, streaming in Northwest Austin

Video game lounge The eSports Cave is now open, offering state-of-the-art video game consoles and computers for casual and competitive use.

In compliance with Gov. Greg Abbott's July 2 executive order, the University Interscholastic League is requiring the use of facial coverings when practical to do so for all summer activity participants, among other guidelines. (Graphic by Ronald Winters/Community Impact Newspaper)
UIL releases guidelines for conducting summer activities during COVID-19 pandemic

The University Interscholastic League released udpated guidelines for schools conducting summer activities such as sports training and marching band practices on July 8.

Enchiladas Y Mas is scheduled to open again at the end of July. (Jack Flagler/Community Impact Newspaper)
Enchiladas Y Mas set to reopen in North Central Austin

Sisters Eva and Carmen Hernandez bought the business from family members Robert and Mary Martinez, the original owners.

Williamson County reports 124 additional coronavirus cases and two deaths on July 8. (Screenshot Courtesy Williamson County)
Williamson County reports 124 additional coronavirus cases, 2 deaths July 8

Currently, 109 patients are hospitalized, and 32 are in intensive care, per the report.

Dell Children's Medical Center sleep lab
Dell Children’s Medical Center doubles size of pediatric sleep program

The newly expanded, six-bed sleep lab at Dell Children’s now has the ability to offer diagnostic sleep studies and therapeutic studies for children with potential sleeping disorders.

An orange virus graphic that reads "Today's coronavirus data updates"
Travis County reports 753 new coronavirus cases July 8

The Austin MSA is still hovering near Stage 5 risk with 67 new hospital admissions in the past day.

Education Austin President Ken Zarifis hosted an online press conference with Austin ISD teachers July 8. (Screenshot courtesy Education Austin)
Austin ISD teachers demand keeping classes online for start of school year

Education Austin says that keeping all classes online is in the best interest of district employees, students and families.