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Old Posted Mar 21, 2014, 5:44 PM
austlar1 austlar1 is offline
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Join Date: May 2007
Location: Austin
Posts: 3,505
Quote:
Originally Posted by ATXboom View Post
WOW. This project appears to have funding and will break ground late this year.

http://m.statesman.com/news/business/ny-investment-firm-joins-400-million-waller-creek-/nfHdH/

Can u imagine this and convention hotel going up at same time? Talk about transformative...
McCourt Global is the one of the investment arms of the former owner of the LA Dodgers, the one who had the messy divorce that forced the sale of the Dodgers. McCourt Global is Frank McCourt, McCourt's two sons, and a wealthy investment entity known as Guggenheim Partners. Anyway, they have DEEP pockets. Looks like little old Sutton and Associates was able to lure some big money to this project. Let's hope it remains a go because it will almost certainly mean that the Fairmont project gets off the ground too. It will mean a whole new dynamic for downtown Austin.

http://therealdeal.com/issues_articles/frank-mccourts-new-ballgame/
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