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Texas A&M-Fort Worth campus development is under budget

See full Fort Worth Report article by Patrick Banis here.

The Fort Worth City Council approved items connected to the ongoing development of the Texas A&M University downtown campus at an April 28 meeting.

The items were submitted by the Research and Innovation Local Government Corp. board, the city entity that is overseeing the development of the downtown. They included:

• Amendment to agreement between the corporation and AFWP LLC, the master developer on the downtown project. The amendment reduced funds allocated to the developer, because the developer said they weren’t needed.
• Reduction in expenditure. The amendment reduced total developer costs to largely reflect diminished ongoing need for insurance, Roger Venables, the project manager, told the board.
• Returning the university’s unused funds.

To view progress of construction in real time, you can view a webcam here.

Patrick Banis is a member of the Fort Worth Report Documenters crew. If you believe anything in this account is inaccurate, please email us at news@fortworthreport.org with “Correction Request” in the subject line.

This article first appeared on Fort Worth Report and is republished here under a Creative Commons Attribution-NoDerivatives 4.0 International License.

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