^That area has some floodplain difficulties that will limit development.
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It could be developed as parks/open space that doubles as flood mitigation. Cannot really have many structures there, though. Houston does a lot of that along their Bayou systems. An example is here:
https://buffalobayou.org/. Maybe something like this is feasible on the Stretch of Capital Blvd that sits in a floodplain.
