Economist to Austin City Council: The Good News Is Also the Bad News [View all]
Austin's economic boom is expected to continue surging through 2019, according to an Austin economist who presented his forecast to City Council last week.
But John Hockenyos of Texas Perspective Inc., an economic and public policy consulting firm, also cautioned that the kind of economic growth the city is expected to achieve cannot be sustained without continued substantial population growth.
“If we're going to keep this up — and it’s debatable whether that’s desirable or not — at this pace we’re going to have lots and lots of people continue to move here,” he said. “So far that hasn’t been a problem; others might say that is the problem.”
Hockenyos’ projections forecasted a surge of growth in tourism, hotel occupancy, the housing market, multi-family residences, jobs, and manufacturing.
More at http://www.austinpost.org/article/austin-growth-expected-continue-inexorably .
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