Posted Jun 15, 2012, 7:17 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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If this happens, it could mean 6 to 7 million square feet of development/redevelopment in the Capitol Complex. The plan is to develop the empty parking lots and redevelop the hulking parking garages. Some of the space would be state offices, while other space would be the private sector with everything from commercial office space to residential, hotel and retail. There's even a planetarium planned with a 655 foot 47-story tower attached.
http://www.statesman.com/business/re...l-2399766.html
Quote:
State weighs $500 million in proposals for Capitol complex development
By Laylan Copelin
AMERICAN-STATESMAN STAFF
Updated: 10:00 p.m. Thursday, June 14, 2012
Published: 9:53 p.m. Thursday, June 14, 2012
The private sector is knocking on the Capitol's door.
Officials with the Texas Facilities Commission told state lawmakers Thursday that they are studying five unsolicited proposals, worth an estimated $500 million, for possible public-private partnership projects at the Capitol complex.
The proposals are moving faster than the process, as the Partnership Advisory Commission — mostly lawmakers who will backstop the Facilities Commission — took testimony from public-private partnership pioneers from Virginia and Canada.
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