Quote:
Originally Posted by KevinFromTexas
So what is this going to do to the prospect of there being another tower sharing the block with the courthouse?
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The county bought the entire block. When they decided not to partner with a private entity, the idea of a larger development on the site was basically killed.
As the block was sold as one piece of land, to sell a section of it off, the county would have to parcel a section off (at a public cost). If this were anywhere in Travis County’s plan, then they would have simply entered into a P3.
The county seems to be eager to begin the construction of a new courthouse. Entering into a P3 would have delayed the process and the commissioners probably feared the outcome of a bond election to fund the county's portion of the agreement.
Basically, the county took the easy road…at the cost of the citizens of Travis County. A P3 may have yielded millions in tax revenue for the city and county.