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Page 150
A History of Austin's Newest General Aviation Airport
W. H
Chapter 8
quickly counteroffered: $14,000 per acre (up
from $11,500 per acre), $25,000 earnest mon-
ey, a $25,000 option payment that allowed me
to back out anytime in the next sixty days, a
$25,000 option payment if I chose to extend
the close date by 45 days (just in case I ran
into trouble finding a bank who thinks like I
think) and, best of all, I agreed to get my own
financing, letting the Zschiesche tribe off the
hook for bankrolling the sale. We haggled
some and arrived at a sale price of approxi-
mately $5.9 million ($15,835 per acre, if you
were wondering) and we agreed to close the
sale on July 25, 2008, which we did.
Breaking Ground
A short three months later Tribble & Ste-
phens Construction, the general contractor
we had selected to build the runway, hauled
out to the site a dozen trucks, massive yel-
low graders and skip loaders and some kind
of giant scraper with "CAT 621G" painted on
the cab. Men in hard hats wheeled the equip-
ment slowly off the trailers and lined up the
graders between the tall stakes the surveying
team had pounded into the ground.
In a matter of minutes, we had broken
2009. Construction photo of the new 4,420-foot runway.
Photo courtesy of David Hannah III.