City To Work With Capital Metro On Financing New Broadmoor And McKalla Place Rail Stations As Development Boom Looms

The city of Austin expects the areas around the Broadmoor Campus and McKalla Place—the site of the new Austin FC stadium—to be primed for dramatic increases in development and subsequently heightened demand for transportation. City Council acknowledged that looming boom Nov. 14 when it directed City Manager Spencer Cronk to work with the city’s public transportation authority, Capital Metro, to help finance the completion of new rail stations in the two areas. Last year, City Council greenlit the first phase of a massive, 20-year, phased mixed-use development at the 66-acre Broadmoor Campus, an area currently occupied by the IBM campus. Plans for the area include at least 2,000 housing units and buildings reaching 360 feet tall. The area has been referred to as Austin’s future second downtown. The developers agreed to help relocate the Kramer Lane MetroRail station to the Broadmoor Campus. Click to read more at www.communityimpact.com.