Austin was recently announced as a participant with three other cities - Evanston, Illinois; Mt. Vernon, New York; and Sugar Land, Texas - in the Putting Assets to Work program organized by the Government Finance Officers Association. The initiative will see city staff work with GFOA to analyze the city's entire real estate portfolio and identify the parcels or facilities that could be put to better use through redevelopment or other means.
Kim Olivares, the city's deputy chief financial officer, said Austin has recently put idled properties back into use to create the Permitting Development Center and Austin Energy's headquarters. Recent direction from City Council has identified a handful of parcels - the former city hall building downtown, a warehouse at 4
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