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Fort Worth, Texas News

Texas A&M Fort Worth Campus Expansion Moves Forward with Approval of $18 Million Agreements and Bond Issuance

At the Sept. 24 meeting of the Research and Innovation Local Government Corporation (RILGC), three key action items were approved, advancing the Texas A&M Fort Worth Campus Project. These approvals are aimed at accelerating the delivery of the new Texas A&M Research and Innovation Building (RIB) and related infrastructure.

The approved items include:

  1. Agreement with Texas A&M University System: This will allow collaboration on the design and cost estimates for the RIB, with funding capped at $18 million.

  2. Agreement with project developer AFWP LLC: The developer will manage design and preconstruction, with a $19.7 million cap, including RILGC funds and debt proceeds.

  3. Resolution to issue Contract Revenue Bonds (Series 2024): Authorizing the issuance of up to $18 million in bonds to finance the design and preconstruction, with Texas A&M responsible for covering debt-related costs.

Roger Venables, the City’s aviation director and project manager, noted that the plan design and preconstruction services are expected to be completed by November 2025. The project is part of an effort to boost Fort Worth’s research and innovation capacity through a significant expansion of the Texas A&M campus.

The City Council had previously authorized funding for these efforts on Sept. 17.

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