- Tax Base Increase – The total value of new buildings at final buildout of the Mueller redevelopment is expected to be approximately $1 billion in today’s dollars, which at current tax rates will generate roughly $4.5 million in annual property tax revenues to the City.
- Financial Implication – It is currently estimated that the City of Austin will receive approximately $10-15 million in taxes during the first 10 years, and $55-65 million during the first 20 years over and above what is required to pay for the bonds.
Once the infrastructure is complete, an increasing proportion of the taxes generated by the redevelopment will be available for the City’s General Fund.
- Employment – The redevelopment will support roughly 13,000 long-term jobs in medical, office and retail industries.
In addition, the construction of infrastructure and buildings at Mueller is expected to generate approximately 10,000 total “job years.” This means that during a 10-year build-out period, an average of 1,000 full-time workers would be employed in construction each year.
- Affordable Housing – Of the approximately 4,600 residential units expected at Mueller, at least 25 percent will be affordable to low-income households, or approximately 1,150 affordable units distributed throughout the community.
- Education – A new neighborhood school will be part of the redevelopment of the Mueller property. Discussions have also occurred regarding the development of a proposed Academic Health Center property at Mueller.
- Healthcare – The development of the Dell Children’s Medical Center of Central Texas is already underway at Mueller. Additional medical offices are expected to locate within the property, and the potential for an Academic Health Center property would make Mueller a unique location for healthcare in Central Texas.
- Transit – Transit is essential to the goal of achieving a compact, pedestrian-oriented community. The Mueller Master Plan accounts for possible commuter rail service in the future, as well as Rapid Bus and expanded local bus service.
- Open Space – The Mueller Master Plan incorporates approximately 140 acres of open space usable by the public, including neighborhood parks, a new lake, sports fields, greenways with hike/bike paths and 15,000 new trees.
- Pedestrian-Friendly – The streets at Mueller have been designed to provide a network of pedestrian ways throughout the community.
- Bicycle-Friendly – Mueller will host a comprehensive network of bicycle facilities to extend the existing system of bike lanes adjacent to the property, including those on Wilshire, Manor, East 51st and Berkman streets. Overall, a total of 13 miles of new bike routes, lanes and paths are planned for the redevelopment.
- Sustainability – Mueller’s design promotes sustainability at three levels: Green Community Design, Green Buildings and Green Infrastructure. The creation of a compact, walkable, transit-oriented development provides an alternative to the automobile-dominant patterns of development.
The Mueller redevelopment also incorporates principles based on the U.S. Green Building Council’s LEED (Leadership in Energy and Environmental Design) program and the City’s own Green Building Program.
The park system has been designed to reduce off-site flooding and to treat stormwater before it is released into natural streams, while the street system has been designed to support bicycle and pedestrian circulation.
- M/WBE – Through a comprehensive outreach effort, Catellus has achieved approximately 25 percent Minority/Women-Owned Business Enterprise participation at the Mueller redevelopment for the first phase of construction.