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UT System Approves $102 Million Office in Downtown Austin

KUT News

A major new tenant is moving into downtown Austin: not a hot new tech company, but the University of Texas System.

Today the UT Board of Regents approved construction of a nine-story, $102 million building and parking structure downtown “to consolidate UT System offices.” According to a press release, the system’s buildings are currently “located in five antiquated buildings,” and despite the hefty price tag, regents say the consolidation will save money in the long run: between $60 million and $240 million, in UT’s admittedly imprecise math.

The building will go on land UT already owns, on Seventh Street between Colorado and Lavaca Streets. You can read more on the purchase from KUT News’ reporting partners at The Texas Tribune.

Wells has been a part of KUT News since 2012, when he was hired as the station's first online reporter. He's currently the social media host and producer for Texas Standard, KUT's flagship news program. In between those gigs, he served as online editor for KUT, covering news in Austin, Central Texas and beyond.