Posted Jun 5, 2012, 5:54 AM
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Meh
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Join Date: Jul 2001
Location: Austin <------------> Birmingham?
Posts: 57,327
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http://www.thesquarefoot.com/austin/...ront-location/
Quote:
OWNERS OF AUSTIN NEWSPAPER ACCEPTING OFFERS FOR LAKEFRONT LOCATION
May 14, 2012 by ARON SUSMAN
The lakefront property in downtown Austin near the Congress Avenue Bridge, which has housed a major local newspaper, is on the market, but although many publications have been closing their doors recently, a sale of this property would not spell the end of the newspaper.
The location currently houses the area’s major newspaper – The Austin American-Statesman. Should Cox Media Group sell the property, the newspaper would presumably relocate to a location somewhere else in the city. The current property sits on 18.9 acres adjacent to Lady Bird Lake, just south of downtown. The 330,000 square-foot property is valued $39.8 million and would offer its new owners quite a bit of flexibility.
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