LTISD Info

Recently the Austin American-Statesman published an article “Bank reclaims Rocky Creek Ranch development” which tells us about:

“In one of the largest recent land foreclosures in Central Texas, the lender on 468-acre Rocky Creek Ranch off Hamilton Pool Road has taken back the project, where developers had hopes of building hundreds of homes in one of the first large subdivisions along that scenic road.”

-Novak, Shonda (August 8, 2009 ). “Bank reclaims Rocky Creek Ranch development.” Austin American Statesman.

What is most interesting about the Austin American-Statesman article are quotes about the potential growth in the area:

“Mark Sprague, the Austin partner with Residential Strategies Inc., which tracks and forecasts the market, said Rocky Creek Ranch is in an area with an oversupply of lots ready for development.”

“For now, the housing market slowdown has stalled development in the area.

`We’ve seen very little construction in this area since the beginning of 2008,’ Lowenthal said. `Things just seem to have come to a halt.’”

“Original plans for Sweetwater, along Texas 71 near Bee Creek Road, called for all of the 1,540 lots to be sold by 2018, Gunn said.

None has been sold, which Gunn said was due in part to the market’s slowing and to difficulties with permits, including a lawsuit over a spray-irrigation permit for effluent. The lawsuit was dismissed in October, he said.”

How does this news about growth within the district affect the LTISD’s plans for future schools and plans to suck more tax dollars out of our pocket?

Wasn’t the school district planning to put schools in the Sweetwater development?