Quote:
Originally Posted by Austinshrink
Good morning,
Not entirely sure where to stick this so trying it here. There's been a bit of conjecture on this forum about the state parking garage on san antonio between 3rd & 4th, and the ballet building on 3rd being redeveloped at some point. Is there a history of state owned parking garages being sold to developers in austin or other prominent texas cities? Not sure who owns the ballet building but if it's the state or the university, any history of a building like this being sold by the state?
thanks!
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Can Speak to Ballet from personal experience.
Ballet Austin owns the building. They receive many offers.
When the value of the property ( and offers) reaches the point where it is financially feasable for them to move to a better property with more room AND come out finacially sound. They will sell and move.
It's only a matter of time....but the endeavor has to be worth it for them.
As you can imagine.... it's getting better all the time! But then, finding a suitable alternative central location is getting harder.
Difficult balance.
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