As Austin budget vote nears, council could reconsider Domain deal

AUSTIN (KXAN) — As the Austin city budget deadline quickly approaches, Council Member Leslie Pool says backing out early of an economic incentive deal 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 Endeavor Real Estate Group in 2003. Under the agreement, the real estate group agreed to specific performance guidelines, or suffer certain penalties.
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