AUSTIN, Texas — A 2016 appraisal, newly released to the public for a possible Major League Soccer stadium in North Austin, put the value of the 24-acre site at almost $30 million.
Austin's real estate services office sent the appraisal estimating $29.5 million to the Mayor and City Council Wednesday as talks are underway with the owners of Columbus Crew.
Precourt Sports Venture’s plan suggested a 20-year lease term at $1 per year.
That same appraisal puts the land lease value at almost $2 million a year.
Several other developers have come forward with their own plans for the former industrial site where hazardous chemicals were used.
To view the full report put together by the city regarding McKalla Place, visit here.