Matt Layman
Formula 1 coming to Austin, TX
Formula1 racing is coming to Austin, TX!!!
I can hardly believe it! But it’s true … http://www.formula1.com/news/headlines/2010/5/10824.html
Austin, TX will serve as the the host city of the Formula 1 United States Grand Prix from 2012 through 2021.
What are your thoughts on the Formula 1 Grand Prix coming to Austin,TX? Good or Bad?
Personally I am in favor of the Formula 1 Grand Prix event coming to our beloved city. I believe this will have a huge positive impact on the local economy, jobs, growth, construction, real estate values, travel, etc.
I do know a local developer who showed the East Austin land back in 2008 for a mega complex said Austin race mastermind Tavo Hellmund planned for a mixed-use development that would most likely incorporate clean tech and high-performance research and development hubs. Along with office and hospitality development. I do know the long term goal for F1 racing is electric power ….. it’s the wave of the future! Hellemund had a vision to build the track along with a development center that would hold high-performance battery and fuel cell researchers. If that is the case I’m all for it 110%!!! Austin is leading the green building movement we might as well lead the formula1 race car industry as well.
Now is a great time to invest in Austin, TX real estate!!! With low interest rates … now is the time to be buying. This city has every ingredient to double in size over the next ten to fifteen years …
If you are thinking about relocating to Austin, TX and interested in learning more about the Austin, TX Real Estate market feel free to give me a call at 512.771.0754 or email: mlatxrealestate@gmail.com anytime. I will be glad to assist you with any of your real estate needs. To stay up on the Latest Rockin’ News & Real Estate News in Austin subscribe to my blog and you will be emailed every time I make a new post: http://austinsrockinrealestateblog.com/
from the article:
Mr. Hellmund added: “This is a case of the right timing in the right place. As many Americans know, Austin has earned a reputation as one of the ‘it’ cities in the United States. Austin features that rare combination of ideal geographic location and beauty. Its fine dining, world-renowned hospitality and excellent transportation infrastructure make Austin ideally suited to host and manage an event of this magnitude. Few cities if any in America could rival the connectivity of all the key elements needed for hosting a Formula 1 event as well as Austin. Now, many people around the world will have the opportunity to experience a world-class event, facility and city.”
“We are pleased Texas has the opportunity to be involved with Formula 1 and that an event of this magnitude is coming to Austin,” said Susan Combs, Texas Comptroller of Public Accounts. “It has been a pleasure working with Full Throttle Productions, LP and Mr. Hellmund on this project. Their tradition of producing successful major events coupled with a thirty year relationship with Mr. Ecclestone has us looking forward to this worldwide event and the benefits it will bring, including local job creation, increased tourism and a significant economic impact added to our state economy. The visibility and prestige of this event will spotlight our state on an international stage.”
Texas Governor Rick Perry conveyed his enthusiasm for the project, explaining “Texas’ relatively strong economy continues to draw both national and international attention and I commend Comptroller Combs for her work in bringing this exciting event to the Lone Star State.”
City of Austin Mayor Lee Leffingwell continued the positive sentiments, adding “The City of Austin will be proud to host this magnificent event and I look forward to welcoming the participants and fans of Formula One to our City.”
Full Throttle Productions, LP acknowledges with great appreciation the efforts of all parties involved including Bernie Ecclestone, President and CEO of the Formula One Group, and the local and state officials of Texas.
“It has been a shared vision and monumental task to reach this agreement. We realize that over the last 30 years there have been one or two missing pieces from the previous editions of the Formula 1 United States Grand Prix™. We have a tremendous opportunity at hand to do it right – to feature Austin as the backdrop and produce the Formula 1 United States Grand Prix™ as one of the great sporting events in the world,” stated Hellmund.
In addition to the State of Texas being the 11th strongest economy in the world, it has more Fortune 500 company headquarters than any other state. Key features of Austin include:
- State capital nicknamed ‘Silicon Hills’ for being one of the most important regions in the US for the Technology Industry;
- USA’s 15th largest city and is located 145 miles from Houston (4th largest US city), 70 miles from San Antonio (7th largest US city), and 180 miles from Dallas (8th largest US city), population in this triangle is over 22 million;
- perfectly located geographically for North, South and Central American visitors;
- over 130 daily departing international flights within 180 miles;
- over 250,000 hotel rooms within 180 miles;
- desirable year-round climate, with an average annual temperature of 68 degrees Fahrenheit (20 Celsius);
- geographically located in the Texas Hill Country, easily the most beautiful city in the State, and considered one of the most in the US;
- hotels/downtown/Formula 1 circuit/airport located within close proximity of each other, which is nearly impossible for any other large city in the US;
- world class night life entertainment along renowned ‘Sixth Street’; and
- large film industry presence – many movies filmed in the area.
Austin’s National Recognition
- Known as “The Live Music Capital of the World”
- Voted “Greenest City in America” (MSN)
- Voted “Least Stressful Large Metro” in the United States (Forbes)
- Voted Top Two “Best Cities” in the United States (Money Magazine)
- Voted Top Three “Hippest Cities” in the United States (Forbes)
- Voted Top Five “Safest Cities” in the United States (Forbes)
- Voted Top Ten “Sports & Fitness Cities” in the USA (Sports Business Journal)
Full Throttle Productions, LP is an Austin, Texas, special event and sports production company that provides event conception, event project management, day of event oversight, staffing and volunteer services, venue planning and logistics support.
More information on the Formula 1 United States Grand Prix™ will be forthcoming shortly. In the meantime, all queries should be directed to info@fullthrottleproductionslp.com.
Austin, TX in the News Again! Austin ranks high on ‘Quality of Life’ …
Austin is in the news again! Austin ranks high on ‘Quality of Life’
http://austin.bizjournals.com/austin/stories/2010/05/24/daily8.html
When you click on the article you will be able to click on a really cool interactive chart.
Austin has had strong population growth, 32 percent since 2000, also helped in overall ranking, as well as a comparatively high percent walking to work , 7.1 percent.
When YOU think of ‘Quality of Life’ … what characteristics come to mind? If you had to name out or list ten things that really stand out to you … that would give you that quality of life that we all seek and desire what would those be?
I want to hear from you.
It feels good to call Austin home. I’m proud to be a resident of Austin, TX for over ten years now and going on eleven. Wow does time fly when you are having fun!
If you are thinking about relocating to Austin, TX and interested in learning more about the Austin, TX Real Estate market feel free to give me a call at 512.771.0754 or email: mlatxrealestate@gmail.com anytime. I will be glad to assist you with any of your real estate needs. If you have questions or just wanting to get some feedback I will be glad to help anyway I can. To stay up on the Latest Rockin’ News & Real Estate News in Austin subscribe to my blog and you will be emailed every time I make a new post: http://austinsrockinrealestateblog.com/
Forbes: Austin Projected to Grow by 32% over 5 year period
Dear fellow Austinites & Future Austinites,
In the late 80’s and early 90’s in Austin, job growth stopped, real estate values dropped and people left town. Probably because of the severity of that recession, Austin has faired much better this time. Home prices did not increase more than could be supported by median family incomes. Thanks to Texas’s home equity laws, consumers could not borrow against their home appreciation nearly as easily as homeowners in other states – which helped keep home prices stable and consumer debt manageable. If you don’t have a bubble then you don’t have a bust. While most other major real estate markets have seen home prices drop by as much as 50% and experienced high unemployment, Austin’s median home price has been stable or seen only a small drop. Job losses have been slight.
Now, Forbes and Moody’s Economy.com projects Austin’s economy will grow by 32% over the five year period from 2007 to 2012. Not only is Austin’s economy growing, but it’s growth rate is nearly 50% higher than #2 ranked Fort Myers, Florida. Equally important to Austin’s economic growth is Austin’s population growth which is expected to grow by an amazing 15%.
“To compile our list, we looked at all of the country’s 363 metropolitan areas, defined by the U.S. Census Bureau as a geographic region with a “core urban area” of at least 50,000 people. Because many small metro areas are high growth–and because we wanted to show growth in large cities as well–we split the group into two classes: the largest 100 metro areas (with at least 528,000 people) and everyone else. We use projections run for us by Moody’s Economy.com to show growth in GMP between 2007-2012.
Of course, if one looks at economic growth in the country’s largest 100 metros, the usual suspects jump to the top of the list. With an estimated 32% GMP growth from 2007-2012, Austin, Texas, is the winner for big metros. Atlanta, Seattle, Orlando, Houston and San Jose, Calif., also appear high on the list. What do they all have in common? They’re tech hubs with proximity to universities and a healthy increase in population. Austin’s population, for example, is expected to increase by nearly 15% by 2012, according to Moody’s Economy.com forecasts.”
Full Article: http://www.forbes.com/2008/01/30/economy-cities-alabama-biz-cx_bw_0130econcities.html
Austin, Texas Rank: 1 Projected GMP growth 2007-2012: 3205% The Self-proclaimed “Live Music Capital of the World” is booming, thanks in large part to Austin’s high-tech industry (key employers inlclude: Dell, IBM, and Apple) and University of Texas, which provides the area with a steady stream of engineering talent. In addition to music, the city also has a thriving film industry. Its projected gross domestic product by 2012 is second only to Mobile, Ala., and first among the largest 100 metro areas in the country. Metro area Austin’s population is expected to grow nearly 15% by 2012.
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Friends, Now is the time to take advantage of the trending Austin market and pending growth explosion. We are all so lucky and blessed to call this great city home. But now is the time to take advantage of the market and make key investments in your future by investing and owning real estate. We have all played monopoly and the key to winning the game is buying up blocks of real estate and building houses or hotels. You may not be in a financial position to buy up blocks of real estate or hotels for that matter but the philosophy is all the same. Do you think it’s a coincidence that 9 out of every 10 millionaires in America created wealth through Real Estate?!? I think not.
Winning is Real Estate is about calculated risks. You can never have a reward without a risk. And not every Real Estate deal is a good deal even in Austin. That’s why it’s important you have a Real Estate professional helping you every step of the way to help you avoid the pit falls.
I’m here to help educated, equip, and empower you to manifest your dreams through the powerful wealth creation tool called Real Estate. Regardless if you are currently renting and looking to become a first-time home buyer, or currently owning a home looking to move up, or a seasoned investor we are here to give you the tools and keys to make your dreams come true.
2010 could be the year your life changes forever but you are the master of your fate. When 2013 rolls around will you say either: ‘I wish I did …. or I’m glad I did’ ….. but the choice is up to you.
I wish for you health, happiness, & prosperity.
Stay Rockin Austin,
Matthew
Matthew C. Layman
Austin’s Rock’in Realtor
Realtor, Austin Texas Homes LLC
Elite Access Real Estate & Investment TEAM
Cell: 512.771.0754
Email: mlatxrealestate@gmail.com
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p.s. By the way…If you know someone who would appreciate the kind of service I offer, please call or email me with their name. I will be happy to help them!
Forbes: Austin best economic recovery in U.S.
Here is the latest news on our beloved Austin, TX. Two Words: Positive News! Austin, TX continues to lead the United States in Economic Recovery. Austin is the beacon of hope for America. If your thinking of relocating to Austin, TX and needing help in navigating throughout the city allow me to be your tour-guide. I will be your ambassador and guide you in the right direction for all your real estate needs. The best realtor listens first, talk second. I will listen to your requests, wants, needs, & desires and put together a plan that’s based on what’s most important to you.
Austins Rockin Realtor,
~Matthew
Tel: 512.771.0754
mlatxrealestate@gmail.com
Forbes: Austin best economic recovery in U.S.
The Austin-Round Rock area tied for first on a list of large metros
where the recession is easing.
Central Texas tied Washington D.C. in the Forbes.com ranking that
compiles job growth and real estate industry improvement, among other
indicators. Washington has one of the lowest unemployment rates in
the nation, 6.2 percent, and the city produced more goods and
services than another other in 2008.
Austin has also maintained relatively lower jobless rates, though the
number increased to 7.6 percent last month from 7 percent, according
to the Texas Workforce Commission. Statewide, the rate was unchanged
at 8.2 percent from December to January, compared to 9.7 percent
nationally.
Austin and Washington D.C. also benefit from their high government
job generation, according to Forbes. The number of Central Texas jobs
increased just shy of 1 percent between 2007 and 2009, more than any
other city included in the research.
Dallas came in second on the ranking behind Austin. The number of
jobs there are expected to increase more than 7 percent in the next
three years. San Antonio and Houston also made the top 10 list.
Job growth projections were based on information from Moody’s. The
listing also considered median home sale price changes and
Metropolitan Gross Domestic Product.
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