Fort Worth Council Votes on $200M Research Campus Fee Waiver

0:00Fort Worth, City Council, faces a big decision on March 31st, waive all development fees for Texas A&M's new downtown campus. City leaders estimate the first research and innovation building alone would cost about $1,300,000 in fees and skipping them aims to kick the whole project into high gear. This isn't their first move like this, about a year and a half back. They already waived $800,000 for the law school and that. Initial research spot. Now, the new waver covers every phase ahead, from the second research building to the gateway structure and even the performance and visual arts center. The real play here is sparking growth in southeast downtown, turning that corner into a hub. Folks see it as a win for faster progress and landing Fort Worth's very first Tier 1 research university campus right in the city heart. Timelines are moving quick. The $200 million law school, which broke ground last year, wraps up this summer. Ground breaks on the first research building in June,

1:02while the rest stay in design mode. Council votes at 11 a.m. on March 31st at City Hall. So this could lock in momentum for years of innovation downtown. I'm Corey with the story and you've been listening to Dallas news today, AI powered local news.