- The University of Texas System Board of Regents will consider plans for a new downtown Austin office this week, and the facility could cost more than $100 million to build.
- The new offices would replace current spaces spread out over five buildings, the oldest of which dates back more than 130 years.
- More than 700 workers could be based out of the new office space if plans are approved.
From the article:
"... 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. ..."