Kilroy (NYSE: KRC) reported spending $66.1 million on Stadium Tower as of June 30, according to its second quarter earning report, released July 31. That was up from the $54.8 million as of Sept. 30, 2022, about one month before Kilroy halted construction on the project because of concerns about the economy, leaving a hole in the ground next to Q2 Stadium.
"We intend to hold off on the construction of Stadium Tower, our Austin development site, until the economy gives us more confidence or we pre-lease a substantial portion of the project," John Kilroy, Kilroy chairman and CEO, told investors in an October 2022 earnings call.