Do You Know What Lago Vista is Getting?

How about a $300 Million for a resort – style lakefront community? Check out the details released in the Austin Business Journal today…

Lago Vista gets $300M Project – Resort community to feature lakefront homes.

Returning to lay claim to another tract along the north shore of Lake Travis, a Dallas developer is drawing up plans for a $300 million resort-style community that will add fuel to a rapidly developing lakefront market.

Winston Capital Corp. bought 245 acres known as Turnback Ranch in Lago Vista last year. The tract with roughly 11,000 linear feet along the lake is southwest of the intersection of Lohman Ford Road and FM 1431. Winston is mapping out more than 700 living units, ranging from single-family homes to possible condominiums, in an amenity-rich community. The company plans to break ground later this year.

Austin Business Journal – April 27, 2007 A. J. Mistretta, ABJ Staff

Five Wonderful Words!

Oh how I love the sound of those five wonderful words…Lake levels returning to normal – or better yet…The drought is finally over! Yes, Lake Travis is 82% full right now, at 662.36 feet above mean sea level. Check out this report from KVUE News just last night…

Lake Levels Returning to Normal

The drought is over and for several weeks now, the water levels have been back to near normal at most lakes. Only Lake Buchanan remains well below average. While some businesses have already cashed in, others are still waiting.

Even the soothing waters of Lake Travis may not calm what some hope will be a rush of sun seekers this weekend.

The owner of Johnny Fin’s Restaurant, Bryan Kelly, says with lake levels now back near normal, business at his restaurant the past week has been anything but.

”We’ve had nice weather and a full lake and we didn’t last year. We’ve been doing summer-type numbers,” he said.

Just four weeks ago, the concern was more than visible. Water levels stood 15-16 feet below where they are today. Some were wondering about how another dry summer could leave the lake experience a little empty.

Few were as relieved as John Watson, a captain at Daybreak Boat Rentals.

”As long as the lake stays where it is, all the islands that were dangerous are now far enough under water where people aren’t going to hit their propellers,” he said.

Watson says his season is just beginning and he expects a full weekend.

By Kevin Peters, KVUE News - 10:36 PM CDT Friday, April 20, 2007