Austin is famous for its greenspace in and around the city, as well as the city’s commitment to preservation and environmental causes.
This is a good thing, and it’s a big part of what makes Austin such a great place to live.
But not everybody has been happy with the city’s efforts. Residents of the mostly minority and less affluent East side have criticized the city in the past, saying it spends more money on parks and springs in the more affluent, and whiter, part of Austin west of Interstate 35.
Ah. The race card. Of course.
It couldn’t be that there is more and better preservation opportunities on the West side of Austin (the hill country starts on the Western half of the city)? Or it couldn’t be that citizens on the West side have been more proactive in setting aside land for preservation for a longer time?
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The Austin American-Statesman is touting a new deal as a “green win in East Austin“, whereby a tiny 5.9-acre plot of land was purchased by the city of Austin and will be saved from development:
The lot, a small jungle behind a fast-food restaurant and a pawn shop off Oak Springs Drive, is full of weeds, litter, and an impressive set of oak trees and elephant ears. Oak Springs itself springs from here, nourishing a wetland and flowing south to feed Boggy Creek.
Protecting the lot, which is across the street from playing fields and a library, quickly became a cause among East Austin preservation groups
This does sound like a win at first glance, and I’m glad that the 5.9 acres will be preserved as green space. The City of Austin is on the verge of spending about $1.4 million to save the lot, which features natural springs and old oak trees.
Except it’s really not a win for the city.
The city is about to spend $1.4 million taxpayer dollars, which will turn an obscenely-healthy profit for the owners, East Austin Plaza LP. The company only paid $287,000 for the property in 2004, according to appraisal records. The land is currently valued at only $271,636, according to the county appraisal office.
By law, the city of Austin cannot pay more than the appraised value of the property.
So, to appease the East Austin preservation groups, the city went out and found a third party appraiser, who somehow determined that the property was worth 7x its actual value.
Hopefully this new appraisal will soon be available via an open records request. It will be interesting to see exactly who this third party appraiser is…and what, if any, ties they have to the previous property owner, the preservation groups, or various Council Members.
Is having a new inner-city 6-acre park a good thing? Undoubtedly. Is paying 7x more than the land is worth a good thing? No, it’s not.





Getting a third party was shady, but you are missing the bigger picture here. It is not the value of the land itself but the value of a live, clean creek running through the city. 1.4 million to preserve spring-fed headwaters is a deal even if it is merely an acre.
Cement on a corner with fast food restaurants or live water in August? That was the issue. I’m sure the city would have paid 5X the asking price regardless of location or demographics.
Left by rad707 on December 1st, 2006 at 9:58 am