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The Lead: ACL Weekend, Short Term Rental Trouble, SoCo Food Trailers Closing Shop?

Good morning. A car and bicycle collision shut down part of 15th Street downtown this morning. Eastbound traffic on 15th Street is open but westbound traffic on 15th is closed at Guadalupe. Right now, Guadalupe is shut down from Martin Luther King Boulevard to 15th Street. Police expect roads to re-open around 9 a.m.

Here’s some stories from KUT this ACL Fest weekend:

Here’s some more stories from around the web:
South Congress Food Trailers Closing Shop This Spring? (CultureMap Austin)

Last week, owners learned that the end would come sooner than many hoped. SOCO ATX would be terminating leases in March 2013, just days before SXSW. Though the trailers have heard this before, there is a sense that this time they’re serious.

Armstrong Foundation Fighting for Future (AP)

To the Lance Armstrong Foundation, a $500-million charity built on the "Livestrong" brand, it's not about the bike. Chief executive and president Doug Ulman said the goal is to "keep fighting for the mission" of helping cancer victims. He and the charity's other leaders are banking on the idea that the good done by Armstrong the cancer fighter will overcome any damage to the organization done by the fall of Armstrong the athlete.

Austin Forum a Chance For Fans to Engage With Current, Former F1 Personnel (Statesman)

The Formula One Teams Association today announced that it will host a Fan Forum in Austin as part of the buildup to a race planned at Circuit of the Americas in mid-November. The forum is scheduled for 6 p.m. Nov. 14 at the Hilton hotel in downtown Austin, said Oliver Weingarten, secretary general of the Formula One Teams Association.

Rapper Nelly, Entourage Busted in Same Texas Town that Ensnared Fiona Apple, Willie Nelson (New York Times)

Authorities at the United States Border Patrol checkpoint near Sierra Blanca, Tex., said they found marijuana, heroin and a loaded gun on the tour bus of the rapper Nelly when it was stopped there on Wednesday, The Associated Press reported, the latest in a line of illustrious arrests that have occurred at that site.

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