Here is an update the San Antonio market, which has been appreciating for the past few years. The Business Journal reported that the San Antonio River Authority (SARA), has begun releasing construction bid documents for the planned $40
million Museum Reach/Urban segment of the San Antonio River Improvement
Project. The team is now moving into the design phase.
The Museum Reach leg of the San Antonio River Improvements Project
involves the redevelopment of the river four miles from downtown north
to Brackenridge Park. Local leaders want to extend the River Walk -- an important tourist
draw that attracts millions of dollars for the city due to its eclectic
mix of restaurants and stores.
Tourism and hospitality officials say the Museum Reach project,
once completed, should open the door to new hotel and restaurant
development opportunities along currently undeveloped river-front real
estate.
The $40 million Museum Reach/Urban segment involves developing infrastructure along a 1.5 mile extension of the River Walk from Lexington to Josephine Street. This segment of the project involves the excavation and stabilization of the river channel and the construction of a lock and dam to support the continuation of passenger river barges traveling north on the River Walk.
The winning bid team also will work on sidewalks, stairs, access ramps, irrigation, lighting and perform rock masonry work.
Ready more online: SARA moves into construction phase of River Walk expansion project.
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