Austin Cuts Back Performing Arts Center

Plans for a major performing arts center in Austin Texas are scaled back – for now, at least. “The price tag for the project, stalled by escalating expectations and then an economic downturn, drops from $125.1 million to about $72 million. The group still must raise nearly $25 million – that includes $10 million for an operating endowment – before it can open the center a year later than planned: 2007.”