Tech Slowdown Impacts New Development

Intel abruptly stops construction on a new chip factory in Austin, Texas -- leaving local politicians furious about a construction tax incentive package.

1 minute read

April 2, 2001, 4:00 AM PDT

By Chris Steins @planetizen

"Because of an economic downturn that has shrunk demand and cut prices for its computer chips, Intel recently decided to stop construction on its chip design and parking garage about a mile south of the Capitol... The city offered an incentive package of $10.6 million, including about $2.5 million in waived fees and $7.4 million in deferred construction costs."

Thanks to Chris Steins

FULL STORY: Intel Apologizes for Construction

Monday, April 2, 2001 in Associated Press

Housing Texas

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Start Learning

Advertise with us

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.