The Dallas City Council met in closed session to discuss potential next steps after developer Ray Washburne announced plans to sell the former newspaper building, a crucial component of the Kay Bailey Hutchison Convention Center's redevelopment, to a data center company. The city had envisioned the building as part of a mixed-use hotel and entertainment district, but Washburne cited a lack of communication from city officials regarding future plans for the area as a reason for the sale. The city is exploring various options, including purchase, exchange, lease, or valuation of the property.
The Dallas City Council spent two hours Wednesday behind closed doors discussing its options after developer Ray Washburne announced he plans to sell the formerbuilding, a key part of the Kay Bailey Hutchison Convention Center’s revamp, to a data center company.he informed officials potential sale last week. Then, the city posted a public agenda last Friday outlining they would “deliberate the purchase, exchange, lease, or value of real property located at 508 Young Street.
The new plan shifted the convention center’s footprint 90 degrees away from the southwest corner of Memorial Drive near Interstate 30 and closer to the old newspaper campus property on Young Street, now owned by Washburne.
DALLAS CITY COUNCIL CONVENTION CENTER PROPERTY SALE DATA CENTER DEVELOPMENT
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