Posted Apr 9, 2011, 1:30 AM
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Meh
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Join Date: Jul 2001
Location: Austin,TX<-->Dripping Springs,TX<-->Birmingham, AL<-->Warm Springs,GA
Posts: 57,205
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http://www.statesman.com/news/local/...l-1384528.html
Quote:
ACC to buy 32 acres at Highland Mall for $14.6 million
College will own 79% of faded retail center
By Ralph K.M. Haurwitz
AMERICAN-STATESMAN STAFF
Updated: 12:22 a.m. Friday, April 8, 2011
Published: 9:56 p.m. Thursday, April 7, 2011
Austin Community College has agreed to purchase 32.2 acres at Highland Mall, including the land on which the core of the mall is situated, for $14.6 million, officials disclosed Thursday evening.
The acquisition is expected to close in mid-May and, along with two earlier purchases at the site, would bring ACC's investment in Highland Mall property to $25 million. The college would own 63.5 acres at Highland, 79 percent of the Central Austin site.
"ACC is experiencing tremendous growth, currently increasing by more than 4,000 students annually," said Stephen B. Kinslow, ACC's president and CEO . "These Highland acquisitions will play a key role in allowing us to continue meeting the vast educational and training needs of the region."
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