Doing so would be incredibly expensive: Fully built, the Cap and Stitch plan will cost roughly $1.25 billion dollars, with nearly $50 million in yearly operating expenses. This presentation highlights the project’s potential costs and opportunities, and I welcome your thoughts and feedback as we consider the plan.
Austin’s finances are already looking grim. Sales taxes are down, federal funding has been lost (including $105 million that Cap and Stitch supporters had hoped for), and tens of millions of grant dollars that the city relies on for programs related to public health and other initiatives may not be renewed. I am very wary of committing our city’s scarce resources when we have other priorities that need attention.
I am also concerned that the city is viewed as one of the sole “piggybanks” for major projects like these. Other communities have taken different directions. For example, when Dallas built Klyde Warren Park (its equivalent to Cap and Stitch), it did so via a private-public partnership involving just $20 million in public dollars. The rest of Dallas’s funding was provided by individual donors and state and federal grants. Even if we just built out the most modest Cap and Stitch scenario, Austin taxpayers would be paying 20 times as much as Dallas residents paid
The City Council is split on the Cap and Stitch plan, with both supporters and skeptics. If you share my concerns, I urge you to contact Austin Mayor Kirk Watson and the rest of my colleagues no later than May 21 and let them know your thoughts. Then register to attend the May 22 Council meeting, where you’ll have an opportunity to speak out.
Mayor Kirk Watson 512-978-2100
District 1 Council Member Natasha Harper-Madison 512-978-2101
District 2 Council Member Vanessa Fuentes 512-978-2102
District 3 Council Member José Velásquez 512-978-2103
District 4 Council Member José “Chito” Vela 512-978-2104
District 5 Council Member Ryan Alter 512-978-2105
District 6 Council Member Krista Laine 512-978-2106
District 7 Council Member Mike Siegel 512-978-2107
District 8 Council Member Paige Ellis 512-978-2108
District 9 Council Member Zohaib “Zo” Qadri 512-978-2109
District 10 Council Member Marc Duchen 512-978-2110