City Of Fort Worth Buying Pier 1 Headquarters, Will Be New City Hall In 2022 – CBS Dallas / Fort Worth
FORT WORTH (CBSDFW.COM) – The city of Fort Worth announced on Wednesday December 2nd that it will purchase the former main building of Pier 1 as the new City Hall on 100 Energy Way on the western edge of downtown.
Mayor Betsy Price said it will save tens of millions on building a new complex, which is estimated to have cost over $ 200 million.
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The purchase is expected to be completed in February 2021 and move in sometime in 2022.
“The new location at City Hall offers unique opportunities as the city of Fort Worth has grown exponentially since the current facility was built in 1971,” the city said in a press release to provide more efficient urban services to residents by consolidating community services in one location.
The original plan was to build a new town hall next to the existing site. However, purchasing this property is proving to be a more strategic opportunity as it ultimately translates into cost savings for taxpayers through an accelerated schedule, significantly lower acquisition costs, a reduction in long-term operating costs and the elimination of annual lease payments.
“As we have started planning the renovation of the town hall, the cost savings from buying this building are just too big to miss,” said Mayor Betsy Price. “This is a prudent financial decision and I take pride in the financial responsibility, forward thinking and strategic investments that the City of Fort Worth has made.”
“This purchase is a more economical solution to fill the 13th largest city’s footprint and provide more city services in one convenient location for residents,” said City Manager David Cooke. “While the purchase of an existing property was not part of the city’s original plan, the purchase of this property provides a solution to the city’s housing needs earlier without construction and will save taxpayers in the years to come.”
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The existing town hall building (200 Texas St.) has been rebuilt and functionally redesigned several times over the past 49 years, including the completion of the third floor and the removal of the inner water fountain in the atrium. During normal operation, the town hall is the daily workplace for around 600 city employees from 13 departments. The current town hall is being misused and remains a municipal building.
The potential urban complex is 409,977 square meters and offers more than 160,000 additional square meters of space compared to the current facility, as well as modern amenities and ample parking.
Buying the new property would extend the time it takes for a new town hall to go into operation in 2022, a few years earlier than building a new facility. In addition to the new facility, which will consolidate the city’s operations in a single location for a greater presence and provide better access to the public, the purchase will generate rental income over the next few years as the existing tenants will remain.
“The city’s commitment to budgetary discipline enabled us to weather the storm caused by COVID-19, and a big reason we can seize this incredible real estate opportunity. This new building will not only meet our growing need for space and renovation, it will also improve our accessibility to the public, ”said Mayor Betsy Price. “I want this new town hall to belong to all Fort Worth residents and to make everyone feel welcome.”
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