Quote:
Originally Posted by Hill Country
This tower was announced in December 2004 - well before the announcements of all the other towers that got built during the boom in Austin. The fact that this didn't get financed and built during the boom makes it very suspect at best. The only thing Stacy has done since 2004 is propose a bigger tower. This is a prime site in Downtown Austin. Something will get built here, but I doubt it will be the current proposal.
|
this only tells part of the story. yes, it was first proposed in 12/2004, but as a 700 ft (approximately) tower. logistically, to get this tower built was extremely difficult. it meant displacing an entire company on that site into a new location, as one example. this took a very long time, over 2 years. then, as fortune had it, as tom stacy was working on getting this tower off the ground, a neighboring parcel became available and he purchased it. this was during good economic times, and he then started working on the new, bigger tower that you mentioned. the size of this new project meant more planning, red tape, yada, yada, yada. the phases of planning for this project have been extremely more difficult, especially when comparing it to, say, the austonian. i'm not necessarily advocating for tom stacy, btw. i'm just saying this project is tedious and arduous, and takes much more time than the aforementioned austonian. while i'm hopeful this project will get off the ground in the near future, i'm not going to hold my breath either. but let's not forget, stacy did get the frost bank out of the ground during bad economic times when people thought he was crazy for doing so.