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Old Posted Dec 14, 2013, 12:04 AM
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sirkingwilliam sirkingwilliam is offline
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Join Date: Feb 2007
Location: San Antonio
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San Antonio | CPS Headquarters | N/A FLOORS | Proposed

SAN ANTONIO — With its rate increase fight behind it, CPS Energy officials say they plan to formally issue their request for proposals to relocate the utility's headquarters from its current location downtown.

The move would open up prime space on the tourist-centric Riverwalk for redevelopment, potentially putting millions of dollars worth of property — which is tax-exempt because the city-owned utility owns it — on the rolls.

“We have pulled back the (request for proposals) for the new headquarters and we're going to resubmit it — we were just kind of waiting until we got past the rate discussion,” CPS CEO Doyle Beneby said in an interview.

He said that the utility wouldn't take any options off the table, he has a “bias towards seeing, vetting if there are any new construction opportunities out there.”

Utility officials said that if they were to leave their Riverwalk offices, their new headquarters would remain downtown.

It's not the first time Beneby has mentioned his desire to build a new headquarters.

He told Express-News in May that he was interested in building a tower to establish a presence for CPS on the city's skyline. However, he added: “It doesn't have to be something grand... like the Sears Tower in Chicago.”
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