Last June, the Austin Chronicle published a fascinating analysis of potential downtown development. The main point is simple: it is getting very difficult to assemble a downtown parcel large enough for a major project. The number of viable sites is rapidly dwindling. The mayor has set a goal of 25,000 residents downtown by 2015 — 20,000 more than exist downtown today. While their may be enough downtown parcels to get there with very dense development, downtown capacity is very limited by the following factors:
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