In 1999, the City of Austin initiated efforts to transform six city-owned blocks in the southwest quadrant of its central business district fronting West 2nd Street. Goals to strengthen Austin’s downtown vitality included:
The Seaholm Development District is a former industrial section of southwest downtown Austin that is undergoing a transformation into a vibrant urban neighborhood.
In November 2006, City of Austin voters approved funding for select cultural facilities in the community. Zachary Theatre was awarded $10 million in bond funds towards the design and construction of the new 427-seat Topfer theatre on their campus at South Lamar and Riverside Drive. Their capital campaign also raised over $20 million towards the new theatre, which opened in fall of 2012.