Featured Illustration (above): A preliminary rendering of Capital Metro’s planned rail station at the Broadmoor redevelopment that is underway around the North Austin IBM campus. Image: Brandywine Realty Trust
By Edmond Ortiz
Austin (Travis County)–City Council passed a resolution Nov. 14, directing City Manager Spencer Cronk to form a plan with Capital Metropolitan Transit Authority (Capital Metro) to accelerate the development of two new Red Line rail stations on the North Side.
The transit authority has been planning to relocate the existing Kramer Line station about a half-mile north to the site of the massive Broadmoor redevelopment that is happening along Burnet Road and around the IBM campus.
Capital Metro is also planning a rail station for the site of McKalla Place, the stadium in which Austin FC, the Major League Soccer franchise, will play its home matches starting in 2021. The stadium is under construction at 10414 McKalla Place.
According to the resolution, the city acknowledges that “a need exists for signal and track infrastructure improvements on the Red Line between the Broadmoor project and McKalla Place.
City officials have said both new rail stations would help to meet increasing travel demands in an area that is seeing high construction growth in major employment centers, such as The Domain mixed-use development, and the Parmer Innovation Center, a tech-centric business park.
“The city manager is directed to work with Capital Metro on the completion of the Broadmoor rail station and the McKalla Place rail station, assessing various public financing options that can leverage private development and funding, including conducting a feasibility and financial analysis of the creation of a tax increment reinvestment zone district, or other value capture financing tools, and provide a memo to council with the findings of the analysis by January 2020,” the resolution states.