Several entities have submitted McKalla Place development proposals, giving Austin officials some options beyond a proposed MLS stadium from Precourt Sports Ventures.

In late June, the Austin City Council approved two resolutions relating to McKalla Place, a city-owned 24-acre site in North Austin. That included a resolution directing the city manager to analyze the proposal and undertake negotiations with PSV, which is seeking to move Columbus Crew SC to Austin. The other resolution, meanwhile, allowed staff to receive alternate development proposals for McKalla Place.

Discussions over revised terms with PSV continue, but officials are set to take a look at other development proposals during a city council meeting on Tuesday. There were six alternate plans total from five different entities, with one–Capella Capital Partners–including a proposal that leaves room for an MLS stadium at McKalla Place. The firm submitted two concepts, including another dubbed “Option A” that calls for Crew investor-operator Anthony Precourt to partner with Bobby Epstein on a new MLS stadium at the Circuit of Americas while leaving McKalla Place open for full mixed-use development.

From the details that have been disclosed, it seems that most of the development plans for the site favor mixed-use concepts that do not include space for an MLS stadium. They also present different options for the city in terms of land sales or leases. More from the Austin American-Statesman:

With its “Option A” Capella would purchase the land for $22.1 million or lease it for $750,000 a year and offers to build eight youth soccer fields around the city and provide $250,000 toward youth soccer scholarships. With “Option B” Capella pledges a $11 million purchase price or an 80-year lease at $400,000 annually for the non-MLS stadium acreage.

Whitfield & Chen offered $22.5 million for McKalla or a $2.5 million a year lease with an escalator clause. Land Design would lease the land for $600,000 per year in an 80-year arrangement.

Both Capella and Land Design call for high-density development.

Land Design introduces the concept of a special purpose district that would collect the equivalent of property taxes to redistribute to area non-profits. Over a 40-year span that total could reach approximately $1 billion, according to Gary Bellomy, founder of Land Design Studio.

Under recently released revised terms, Precourt would privately finance a $200 million stadium at McKalla Place. The city would maintain control of the land, meaning that PSV would not pay property taxes. However, PSV would lease the land for $550,000 annually after year five, or $8.25 million over the initial 20-year agreement. In addition, the group would pay for site preparation and any cost overruns.

The city council will have three options with McKalla Place, including moving forward with an agreement with PSV, selecting another development proposal, or not moving forward with any development at the long-dormant site for the time being. PSV is looking to have a vote Thursday that would authorize negotiation of agreements for its MLS proposal. That would be a major step in the organization’s goal of moving the Crew to Austin in 2019, and having it play two seasons at an existing venue in the area before opening the new stadium in 2021.

Rendering courtesy Gensler Sports Practice.

RELATED STORIES: City Council Holds Special Meeting on Austin MLS Stadium Plan; Mayor Backs Austin MLS Stadium Proposal; Revised Austin MLS Stadium Proposal Terms Released; City Council Could Discuss Austin MLS Stadium Proposal Next Week; Group Eyes Public Vote; Austin MLS Stadium Information Session to be Held This Week; Austin City Council Passes McKalla Place Resolutions; Affordable Housing Added to Austin MLS Stadium Proposal; Thursday Important Day for Austin MLS Stadium Proposal; PSV: Columbus Crew SC Move to Austin Could be Jeopardized by McKalla Resolution; Austin City Council Debates McKalla Place MLS Stadium Pitch; Offer Made for McKalla Place Development; Austin MLS Stadium Plans Unveiled; New Information Surfacing on Austin MLS Stadium Pitch; Who Should Pay for Light Rail at New Austin MLS Stadium?; Site Concept Unveiled for Austin MLS Stadium at McKalla Place; Judge Sets 90-Day Toll in Columbus Crew SC Lawsuit; PSV Looks to Reach Austin Stadium Agreement in June; Ohio, Columbus Counter Claims From MLS and Crew SC; Affidavit: Prospective Crew SC Investor Never Signed Non-Disclosure Agreement; MLS, Columbus Crew SC File Motion to Dismiss Lawsuit; Crew SC: We’d Open The Books for Interested Buyers; Austin to Study McKalla Place for MLS Stadium; Precourt: New Austin MLS Stadium Will Generate $326M in Benefits; Precourt: We’re Pursuing McKalla Place Stadium Site for Crew; Columbus Crew SC, MLS Respond to Lawsuit; Ohio, Columbus Sue to Block Columbus Crew SC Move; Precourt Still Exploring Austin Move for Columbus Crew SC; Columbus Crew SC Will Continue to Explore Austin Move; Parks Board Could Recommend Removing Guerrero Park MLS Stadium Site Options; McKalla Park Still on Table for Austin MLS Stadium Site; Austin MLS Stadium Site Discussion Postponed; Columbus Crew SC Details Financial Concerns; Austin Chamber Backs City’s Columbus Crew SC Pursuit; Ohio AG Explores Lawsuit to Keep Crew in Columbus