Austin American-Statesman from Austin, Texas • 32

Construction in Austin zooms Ch6 rfjAmeriwn-StatesiQii Sunday, October23, 1977 Austin, Texas Page C6 business digest All that can be added to the Lakehill Cinema Four theater now under construction on the land closest to the northwest corner of Lamar and Ben White Blvds. The thoroughly modern four-screen theater is being put up by Arbor Corp. of Austin and is owned by Presidio Enterprises Inc. Cost of the movie hall is a cool half million dollars. Largest of the four screening auditoriums will have 450 seats.

Films should be flickering at Lakehill Cinema by May of next year, according to Presidio head Pages C6-12 square-feet which would include some office space. Tentative plans call for the development to be named Barton Market Square. Howerton also revealed that plans are in the works for a 50,000 square-foot medical building on nearby Victory Drive. JohnAthey. mi puiiii nurimTi I I Jl ww.nu By DAVID FRINK Staff Writer Make no mistake about it, South Austin is no longer the "stepchild" it once was to the larger part of town across Lake Austin.

Rapid development of the area by both home "and commercial builders is bringing South Austin to snuff." Construction of the largest shopping mall in town, which quietly got under way recently on a tract of land on Loop 360 near where it will someday intersect MoPac, will throw added limelight on "Austin across the river." Don't go looking for any foundation work but Mel Simon Associates' construction manager Bob Zigler reports initial land-clearing and grading is under way on "Barton Creek Square," the 1.1 million square-foot retail center planned for the area. Said Zigler from his Indianapolis, office: "There's a lot of work to be done there and it will be tough because of the terrain. We estimate construction of buildings to start in a little less than a year." Barton Creek Square is the center which reportedly will count five major department stores as its and will have up to 6,000 parking spaces. That compares with the 4,000 or so at Highland Mall. lamBiCentei I re? HWUNOFHTUKOfTHSWSEK STORE ADDRESS 500 W.BEN WHITE BLVD.

8100 BURNET ROAD Sptcialt good al Kroger thru Oct. 26, 1977. Right to limit reserved. ij LIMIT 1 WITH THIS COUPON $7.50 OR MORE CANS I X7 il oiiDr-uAct rtnnrtTHBUWFD OCT. 26.

1977. jr wX (Copyright) The Kroger Co. 19. If 1 I -W- Barton Creek Square isn't the only news coming out of South Austin. Local real estate veteran Bob Howerton of Howerton Associates is on the verge of announcing plans for a pretty-good sized retail center just to the south of the existing It-Mart at Lamar and Ben White Blvds.

Howerton is talking about a retail-commercial center in the neighborhood of 150,000 to 200,000 Manager of the year )Smt qZml Richard J. Williams has been named manager of the year for Rausch-er Pierce Securities Corp. The brokerage firm is based in Dallas 'with offices in Austin National Bank Tower Williams joined the firm in 1974 after graduating from the University of Texas and the SMU law school. i'VC iwiW 3 UIT A POTATO A nEKICAM XdAfKA dollars sense Chris Whitcroft B) BOTTLES d4iKVXY ZIAtK I U.S. CHOICI tilt iONf LISS ROASTS S.

CHOICI IEM ONilISS INGUSH Ground Round. u. Bottom Round 'Is9 Shoulder Roasts u. 1" POM 15. Ground Beef 79 Round Tin u.T' Lunchmeats 57 S.

CHOICI lEHtONELISSSTtAKSOt (OASTS U.S. CHOICI SONIIISS TRIMMfO jUli SHOl HONIllSS TopRound Beef Briskets n'l" PERCH u( Sj VINI RIP! SLICES! TOMATOES JOIJATHAIJ APPLES CHIOUITA ANANAS ri I -r-i -V i -f MO.CMJMTPfft I I CTi NO.iMOiutrrt I IN 1 f7 9 SUPER GUHL $cirz I tv i FOR 30 DAYS WEAR OR A NEW PAIR E.GGG GGG JUST WONDERFUL Your cholc of oil nud "ihr to the waist" or rlnforci ponty with nudt htl. Texas incomes rank 3rd highest Texas per capita personal income jumped 52 per cent to S6.243 last year from 1972 to rank No.3 nationally following only Alaska at 96 and Wyoming at 57 per cent. S. per capita personal Income gained 42 per cent to $6,441, only $200 higher than that in Texas.

State Comptroller Bob Bullock reports in a planning and research Fiscal Notes publication the relative standing of Texas in personal income is still below that of major states. But it has improved in rankings from 32nd during 1972 to No. 26 in 1976. Texas ranks substantially above other regional states in per capita personal income. Personal income as defined by U.S.

Bureau of Economic Analysis includes estimates of salaries and wages, forms of business income, interest, pensions, welfare, insurance and social security benefits, minus contributions to social security. Texas continues to rank substantially above other regional states in per capita personal income. Illinois is No. 1 with per capita Income for last year at $7,269. Its income growth over five years at 45 per cent is substantial.

Its overall ranking has jumped from No. 8 to No. 3 compared to No. 26 for Texas. States with declines in relative standing of personal Income include New York off 35 per cent, J.

at 37, and Massachusetts at 36 per cent. Rankings have dropped from fourth to nth at New York, from third to seventh In New Jersey, and 13th to 15th for Massachusetts. Per capita personal income growth rates well above the national average for 1972 to 1976 came in Louisiana, up 51 Okalahoma, up 43; Arkansas, up 52. and New Mexico, up 48 per cent. But relative standings for these states remain substantially below national average.

The fiscal year ended Aug. 31 was extremely good for Texas. Preliminary returns indicate total income of the state was $7.36 billion. This is an increase of almost 12 per cent over the prior year and reflects basic strength of the Texas economy. Tax collections relating to economic activity rose 13 per cent from fiscal 1976 to to 1977.

Deflated by price index changes in the economy, the 13 ocr cent gain in tax collections implies a real growth rate of about 7.1 per cent, Bullock reports. Interest received on funds invested by the state and income from state lands also showed sharp Increases in fiscal 1977 The $7 4 billion of state revenues during the year with a gain of 116 per cent over the prior year breaks into these categories: Tax collections at $4.4 billion are up 13 per cent from the prior year; licenses a fees at $..2 mil ion are up 9.4; interest Income produced $279 million a 19.2 per cent jump; land Income at SjM is up double that at 38 per cent; federal funds -received total 11.85 billion, up 4 per cent; and other sources producing $93 million are up 12.5 per cent. the state holds $1.7 billion In cash balances N0.1-17 IKFAUIS SE9EATEE1S Infant novolty cardigan swtattrs. Boy and girls colon. Ideal tor tho cool wtatharl Buy savaral now.

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