Central Health is redeveloping its Downtown Property – the former Brackenridge Campus – to provide stable, near-term revenue to fund its mission – providing access to health care for people with low income in Travis County, including underserved areas to the east.
Central Health is redeveloping its 14.3-acre downtown property – the former home to University Medical Center Brackenridge – to generate revenue to pay for health care for Travis County residents with low income.
The Central Health Board of Managers agreed to lease a portion of the downtown property (two blocks) to the 2033 Higher Education Development Foundation, a local nonprofit created to benefit UT Austin. The Foundation is constructing a new 17-story office building planned to open in 2022 that will serve as the flagship of Austin’s emerging Capital City Innovation District, an initiative of Central Health, UT Austin and Ascension Seton, with support from the Downtown Austin Alliance and Opportunity Austin. Companies, nonprofits and community groups will come together in the District with the goal of improving health care and creating jobs. The Foundation’s 99-year ground lease for Blocks 164 and 167 will pay Central Health $460 million over the life of the lease.
Central Health and the City of Austin continue to negotiate and resolve issues related to Red River Street’s realignment. A hearing on Central Health’s requested Zoning Overlay has been postponed until further notice.