"He who walks with wise men will be wise,
But the companion of fools will be destroyed."
"A New Way Forward" our Aunt Fanny:
The campaign to pass Austin’s $720 million transportation bond initiative, powered by donations from real estate, development, engineering and construction individuals and companies, has raised eight times as much money as opponents of the measure, according to campaign finance reports filed Tuesday.
Austin Forward, the political action committee supporting the bond proposition on the Nov. 8 ballot, had through Sept. 29 raised $662,705 from 215 cash and in-kind donations, or about $3,082 per contribution. At least $380,000 came from companies or individuals engaged in industries that might actively participate in the substantial road and sidewalk construction resulting from the bond’s passage or from the real estate development sector.
The committee has about $315,000 cash on hand as it enters the final four weeks of the campaign.
Jim Wick, a former Adler staff member who is running the pro-bond campaign, said the trove of donations demonstrate the bond’s breadth of support.
The bond program, primarily conceived by Adler’s office and supported by an array of business associations and groups that advocate for bike and pedestrian improvements, includes $482 million for improvements on some major streets, $137 million for “local” transportation (primarily bike, trail and sidewalk projects) and $101 million for expansion of about a half-dozen major roads in the city’s western and northwestern suburbs.
The Greater Austin Economic Development Corp., a nonprofit arm of the Greater Austin Chamber of Commerce, gave the campaign $130,482 in cash and in-kind donations, according to the report filed Tuesday. The Austin Board of Realtors and a political committee of the Real Estate Council of Austin each gave $50,000.
Other large donations: $20,000 from Manchester Texas Financial Group; $15,000 from the Austin Apartment Association; and $10,000 each from Grayco Partners, Brandywine Realty Trust, Stratus Properties, HDR Inc., investor Michael Klein, Silicon Labs CEO Tyson Tuttle.Read the whole thing here.