Founders of the cruise, Terra stands up, and Paul presses charges

Founders of the cruise, Terra stands up, and Paul presses charges

Self-driving vehicle company Cruise recalls, cuts contract workers Autonomous vehicle company Cruise has recalled part of its self-driving vehicle program and cut the number of contract workers amid the company’s efforts to “rebuild public trust” in the wake of a high-profile California accident involving a “Cruise vehicle towing a… pedestrians. These moves come just weeks after Cruise announced it would preemptively stop testing its driverless vehicles across the country, including in Austin.” (Kara Carlson, Austin American-Statesman)

Texas power grid watchdog resigns after dispute with ERCOT officials “The independent market watchdog for the Texas power grid has stepped down after a disagreement with officials over what it called ‘artificially inflated’ energy prices.” Carrie Bivins has served as a sort of third-party Texas energy market auditor since 2020. Her departure is sure to heighten speculation that ERCOT and other state officials want to reduce the powers of the market watchdog. (Moss Bucheli, COT 90.50)

Terra Office Tower project raises the bar for design in the industry “A 21-story office project with design work from one of the city’s most recognized architecture firms could bring a distinctive tower to the master-planned Domain Northside shopping center in North Austin, part of the city It could use more popular tower designs as its rising heights seek Austin’s “second downtown” status. (James Rambin, Towers)

City development programs face pushback after Austinites’ legal challenge “Several of Austin’s newest affordable housing development programs may soon be struck down by a pending decision from a Travis County judge, following legal action by residents over how the city implemented the changes.” (Ben Thompson, Community Impact)

Nate Paul, the Austin investor linked to AG Paxton, faces 4 additional federal charges “Nate Paul, the Austin real estate investor at the center of Ken Paxton’s firing, now faces new federal charges in addition to the eight counts he was charged with over the summer. Federal prosecutors charged Paul, The 36-year-old was charged with four new counts of wire fraud, according to a statement from the US Department of Justice.(Abigail Jones, David Barrer, KXAN-NBC)

WeWork intends to keep all of its offices in Austin after filing for bankruptcy for certain locations that the company described as “largely non-operational,”… A second filing on Nov. 7 that listed leases WeWork planned to reject did not include any of the leases held by the company In Austin.” (Cody Baird, Austin Business Journal)

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