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Wednesday, January 30, 2008

I never got around to opining on the 'progress' at East Riverside/Lakeshore . . .

"The complex cost of change . . . " is how the Statesman described the developer-driven revitalization effort on South Lakeshore Boulevard. Hundreds of apartment units have been mostly torn down to make way for condo projects, while the others have simply been gutted down to the studs to build more "affordable" condominiums.

The price of progress is high for the hundreds of low-income renters who were displaced, many of whom have been East Riverside residents for decades. With the newer E. Riverside product now priced more like S. MOPAC, many have since headed north for Cameron road or Rundberg/far North Lamar, where the availability of similarly priced housing is better.

Here are two news articles from 2007 that deal with the changes.

http://www.statesman.com/business/content/business/stories/realestate/11/25/1125amli.html
http://www.austinchronicle.com/gyrobase/Issue/story?oid=oid%3A538028

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