CapMetro approves amended agreement with Brandywine for Broadmoor station near The Domain
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Summary
The board authorized an amended and restated agreement with Broadmoor/Austin Uptown developers to build the Broadmoor Station; the total project budget is about $49.3 million with Capital Metro’s share approximately $37.3 million.
The Capital Metro board on May 19 approved an amended and restated agreement with Broadmoor Austin Associates (Brandywine) and related entities to build the Broadmoor Station, a new commuter-rail station adjacent to The Domain in north Austin.
What the board approved
The amended agreement updates a 2020 partnership and reflects higher construction costs since the pandemic. The total project budget is $49,343,368; Capital Metro’s contribution is described in the agreement as $37,343,368 and Brandywine will contribute $12,000,000 in staged payments tied to construction.
Project scope and timeline
The Broadmoor Station will sit adjacent to The Domain on North Burnett Road, about a half mile north of the existing Kramer Station and about one mile north of the new stadium. Project elements presented to the board include double-length covered platforms, about one-half mile of new double track, and roughly 200 shared parking spaces for transit users. Staff said the station is projected to have the second-highest ridership on the MetroRail line outside of downtown.
Staff said construction permitting with the City of Austin is expected this summer, ground-breaking in early fall and station opening in winter 2027. Once Broadmoor opens, the agency plans to decommission Kramer as a passenger station though some track and back-of-house infrastructure at Kramer will remain for operational flexibility.
Why it matters
The project leverages private development investment to add a multimodal transit hub in a growing, mixed-use employment and retail area. Capital Metro’s share of the cost is in its capital program; staff said the revised budget reflects more detailed engineering and design work than was available at the 2020 agreement.
Key deal terms and clarifications
- Brandywine’s $12 million contribution will begin six months after the start of construction; Brandywine will provide a payment guarantee to secure the commitment.
- The developer will construct the station; Capital Metro will contribute funds and accept the facilities after construction.
- Brandywine will provide 200 parking spaces for transit users for at least three years, plus an option for two additional years, as negotiated.
Quotes
“The Broadmoor Station leverages private investment for a public project and supports Imagine Austin’s vision of a more compact and connected city,” program manager Julie Barr said in the presentation.
What’s next
Staff will finalize legal documents and city permits this summer and return to construction as planned; the board approved the amended agreement and the project budget at the May 19 meeting.
