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UT System May Construct $100 Million Austin Office

UT System May Construct $100 Million Austin Office

POSTED: Tuesday, November 13, 2012 - 12:33pm

UPDATED: Tuesday, November 13, 2012 - 12:44pm

The University of Texas System Board of Regents will meet in Tyler this week and consider, among many things, whether to approve the construction of a system office building in downtown Austin that is projected to cost $102,417,000.

The UT System's downtown Austin offices are currently spread across five aging buildings — the oldest has been around for more than 130 years — with mounting maintenance costs. Officials determined that a change was in order. They decided that the best option would be to construct a 16-story building comprising 258,500 square feet of office space and garage capacity for more than 650 vehicles in a spot — close to the state Capitol and the University of Texas at Austin — where two of their current buildings sit.

Read more from the Texas Tribune.

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