DEPARTMENT: Center City Development and Operations
DEPARTMENT HEAD: John Jacks
COUNCIL DISTRICTS IMPACTED: 1
SUBJECT: Authorizing the Sale of 506 Dolorosa and 702 Dolorosa to the Board of Regents of The University of Texas System
SUMMARY:
Authorization to convey approximately 2.583 acres located at 506 Dolorosa and 2.032 acres located at 702 Dolorosa for an amount not less than $7,367,000; and authorizing the negotiation and execution of a Development Agreement between the City of San Antonio and the Board of Regents of The University of Texas System to support The University of Texas at San Antonio's downtown vision in Council District 1.
BACKGROUND INFORMATION:
The University of Texas at San Antonio has initiated a 10 year vision and strategy for the downtown campus that includes growing the student and faculty population from approximately 5,000 to 17,000 by 2028. The strategy includes two phases. Phase 1 will occur over a five year period and is $341 million and includes the relocation of the College of Business, development of a new School of Data Science and National Security Collaboration Center, and construction of faculty and student housing.
This item would facilitate the relocation of the College of Business and School of Data Science and National Security Collaboration Center by providing a location on approximately 6.5 acres of land in the downtown urban core currently owned by the City of San Antonio and Bexar County. The City properties are located at 506 Dolorosa and 702 Dolorosa. UTSA is exploring options for the construction of facilities or the lease of land in connection with the redevelopment of its property at Cattleman's Square. The City will issue an RFP for the Continental Hotel located at 322 West Commerce in coordination with UTSA to support a mixed use housing project to support faculty and staff.
The vision for phase 2 is centered on developing properties on and around UTSA's current Downtown Campus. The dev...
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