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Old Posted Jun 18, 2012, 11:58 AM
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WestAustinite WestAustinite is offline
Old West Austin
 
Join Date: Jan 2007
Location: Austin
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Quote:
Originally Posted by Jdawgboy View Post
Actually from what I heard the city will look into it in 2 years. The 20 year figure is how long they could stay at Seaholm but that the does not mean they will. If in two years the city finds a better use or if Market dictates that it can be of more use fully used as a public building then hopefully we can see that changed. Also unless somebody has solid information of what company will occupy the space, everything is just conjecture at this point as to who it will be.
Actually, I believe the COA will review its status in 10 years. That makes sense because no tenant would every sign a lease, nor invest in interior finish out, with a risk they would be thrown out in a few years. So, put 2021 on your calendar to complain the City Council. In my opinion, the Council made an enormous mistake in feeling pity for this developer and granting the office use waiver. That mistake will be very evident once 2nd street is extended through, the Green water site is developed, and the Library is build. They will wish they had an anchor at the end of 2nd street to draw people all the way down the street from Colorado. That anchor, be it a museum, retail or market, would greatly benefit everyone along the way. Now, they will be left with a fabulous building nobody will ever see, and a so called "public plaza" nobody will visit except the tenants of Seaholm or that new apartment building. Short term thinking, what a pity...
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