Texas Property Insider- Austin Real Estate and Texas Coastal Real Estate Blog

Welcome to Texas Property Insider. The purpose of this blog is to provide accurate and helpful information about market trends and issues important to property owners in Central Texas and on the Texas Coast. You hear a lot of talk out there. You see the statistics, read the stories in the newspaper and you see practitioners regurgitate those same stories and statistics. There is more information available then ever before. But why is it, even after all of the stories and pundits have had their say, you still feel you can’t grasp what’s really happening in the real estate market?


There is a lot more to it than simple statistics and market info. These numbers are helpful and vitally important, but if taken at face value they can be misleading, even deceiving. As Mark Twain once said, “There are lies, damned lies and then there are statistics.” I created this blog to pull back the curtain on Texas real estate, interpret the market information and present it to you in a format that is both pithy and easy to digest.

Friday, April 30, 2010

Austin OKs $7M contract demo Holly Street power plant


Austin City Council members Thursday approved a $7 million contract to demolish a 50-year-old East Austin power plant.


Austin-based Weston Solutions Inc. came in with the lowest bid, according to the city, and was approved for $4.3 million this fiscal year, with a total contract amount not to exceed about $7 million.


The city and Austin Energy made the decision to close the plant in the '90s because it is in a residential area. Areas of the The Holly Street Power Plant on Lady Bird Lake ceased operation in 2004 and the rest was closed in 2007. The plant was constructed in 1960 and expanded in 1974.


Weston has already evaluated the site, made a development plan and cost estimates. The company is now completing decommissioning services and designing a demolition plan. The plan also requires environmental oversight, engineering support and reporting requirements. Another analysis will begin underground infrastructure removal.


A portion of the lot is will be used for parkland once construction finishes.


Courtesy: Austin Business Journal
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