Mixed-use project to cover 16.7 acres

Center

center “is going to be the first of many potential new commercial and retail projects in this area.”

The proposed development would be built on 16.7 acres on Ross Road, just north of Pearce Lane. In all, the center eventually could include about 140,000 square feet of space and 150 apartments.

In the first phase, two buildings are planned, each with 11,000 square feet of space, with one possibly housing a sportsthemed restaurant.

Phase one also would include about 90 apartments, Wittliff said. A second phase could include another restaurant, a day care center and other services such as a bank or car wash, plus another 50 to 60 apartments, he said.

Cathy Olive, president of the neighborhood association for nearby Elroy, said she finds nothing objectionable about the project.

“It’s not a pawn shop, so I kind of don’t have a dog in this fight,” Olive said. “We need things out here. We need better roads, more services, we need a lot of things. We need less gravel pits, less dumps, less prisons — and a couple of McDonald’s wouldn’t hurt.” Congress and President Barack Obama reach a compromise on taxes and government spending.

As it stands, dividends will be taxed as ordinary income in 2013, the same as wages, so rates will go up depending on which income bracket a taxpayer is in. For the highest earners, the dividend rate would jump to 43.4 percent.

Brian Yarbrough, an analyst for Edward Jones, said that many other companies like retailer Costco are issuing dividends before the year’s end to get ahead of the possible tax increase.

Whole Foods’ balance sheet “is in great shape and they’re generating a ton of cash,” Yarbrough said, so the dividend is a good way to return money to shareholders. FM, hosting the station’s weekday morning show, while Matt Reilly will serve as afternoon host. Others making the move to KUTX-FM include Kevin Connor and Laurie Gallardo.

“The music programming on KUTX-FM will reflect Austin’s evolving music culture,” said Hawk Mendenhall, KUT-FM’s associate general manager and director of content and broadcast services. “Listeners will hear fresh, cutting-edge music — music that’s made here and played here — alongside iconic songs and established artists who continue to inspire.”

The sale of the 98.9 FM frequency marks Border Media’s exit from the Austin market. This year it also sold 92.5 KXXSFM, 104.9 KTXX-FM, 1260 KWNX-AM and 1530 KZNX-AM.