Posted Jun 7, 2012, 6:44 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/business/st...inglePage=true
Quote:
State agencies at odds on Capitol complex development
By Laylan Copelin
AMERICAN-STATESMAN STAFF
Updated: 10:47 p.m. Wednesday, June 6, 2012
Published: 9:52 p.m. Wednesday, June 6, 2012
A state agency is auctioning off parcels of the Capitol complex over protests from a second state agency that has designs on developing the 70-block Capitol complex with the help of the private sector.
For the past two years, the Texas Facilities Commission has crafted a strategy of attracting private partners to fully develop the Capitol complex without appropriations or bonds. That would include the construction of new state office buildings, as well as mixed-use development and a cultural attraction near Congress Avenue and Martin Luther King Jr. Boulevard.
The concept of using ground leases and other partnerships — instead of selling state land to the private sector — extends to other Austin properties, including the Hobby State Office Building and a nearby parking garage in a hot development zone in the southwest sector of downtown.
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