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CapMetro approves amended agreement with Brandywine for Broadmoor station near The Domain
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…
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