County-owned downtown lot will be home to a new mixed-use development

AUSTIN (KXAN) — Travis County officials were hoping the plot of land at 308 Guadalupe St. would have been home to a new courthouse, but after voters rejected a $287 million bond, the county has inked a deal to make money off the site.
On Tuesday, the Travis County Commissioners agreed to a ground lease with the Lincoln Property Company and Phoenix Property Company to develop the county-owned property. In 2010, the county paid $21.8 million for the property. By leasing the property, the cou