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Old Posted Jan 9, 2013, 12:13 PM
lzppjb's Avatar
lzppjb lzppjb is offline
7th Gen Central Texan
 
Join Date: Feb 2007
Location: Austin TX
Posts: 3,150
Quote:
Originally Posted by Syndic View Post
One that's still a mystery is Trinity Place. When will that start? If they're already taking down billboards on the site, you would expect it would be pretty soon, right? I'm going to tentatively add them.
A poster on another board had this to say:

Quote:
This is an assumption and falsified rumor...the billboards came down b/c Reagan National Advertising is looking to redo the signs. (link to the permit case folder: https://www.austintexas.gov/devrevie...erRSN=10873806 )

World Class doesn't own the property outright just yet; and they don't have the man-power, nor the capital (despite the name), to complete a project of that magnitude. They had teamed up with a 'real' development outfit, but tried to reneg the agreement at the last second...the big-boys called Natin's bluff and now they're sitting there without a project, and a 'hard-money' note on the land that matures in less than 2-yrs.
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