As Austin budget passes, council could reconsider Domain deal

AUSTIN (KXAN) — As the Austin city budget deadline approached quickly, Council Member Leslie Pool said backing out of an economic incentive deal early with The Domain may be the best option to bringing more cash to the table. The Domain is in Pool’s District 7.
The city entered into an economic development agreement with the developer in 2003. Under the agreement, the real estate group agreed to specific performance guidelines, or suffer certain penalties.
In turn, the city has agree