POSTED: Tuesday, November 13, 2012 - 1:33pm
UPDATED: Tuesday, November 13, 2012 - 1:44pm
Austin Texas — 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.