Can't Tell the Players Without a Scorecard

Third & Colorado, a limited liability corporation owned by brothers John and Jeff Wooley, will receive $150,000 a year for leasing its downtown property to AMLI and Bonner Carrington, which will develop apartment complexes on the site, and on the adjacent city-owned site.

AMLI Residential Properties Trust, a real estate investment trust, will build and rent the residential portions of both the city complex and the Third & Colorado complex. AMLI will pay rent to both Third & Colorado and the city for the lots on which the AMLI buildings will sit.

Bonner Carrington Corporation, a real estate and investment services corporation, is co-developing the two land parcels along with AMLI. While AMLI is developing the residential portions, Bonner Carrington will develop the commercial parts.

The City of Austin is negotiating behind closed doors the fees it will receive from AMLI and Bonner Carrington for the lease of its public downtown lot.

A note to readers: Bold and uncensored, The Austin Chronicle has been Austin’s independent news source for almost 40 years, expressing the community’s political and environmental concerns and supporting its active cultural scene. Now more than ever, we need your support to continue supplying Austin with independent, free press. If real news is important to you, please consider making a donation of $5, $10 or whatever you can afford, to help keep our journalism on stands.

Support the Chronicle  

More Council Watch
Council Watch
Council Watch
Council approves spending $15 million on the Convention Center Hotel; City Manager Jesus Garza presents the Draft Policy Budget; and Roma Design Group announces its vision for the south shore of Town Lake.

Kevin Fullerton, July 7, 2000

Council Watch
Council Watch
The council approves on first reading an East Austin apartment complex 500 feet away from a plant where toxic chemicals are stored, but some council members are promising to scuttle the project if it comes back for final approval.

Kevin Fullerton, June 30, 2000

One click gets you all the newsletters listed below

Breaking news, arts coverage, and daily events

Can't keep up with happenings around town? We can help.

Austin's queerest news and events

Updates for SXSW 2019

All questions answered (satisfaction not guaranteed)

Information is power. Support the free press, so we can support Austin.   Support the Chronicle