Judge refuses to halt AMD project
Austin Business Journal - 2:57 PM CDT Tuesday
by Mary Alice Kaspar
Austin Business Journal Staff
An environmental group's legal challenge has failed stop Advanced Micro Devices Inc.'s planned 870,000-square-foot corporate campus in Southwest Austin.
Travis County District Judge John Dietz denied the Save Our Springs Alliance's request for a temporary injunction, according to parties involved in the case.
Representatives with the City of Austin and AMD say they are pleased with the ruling, adding it allows the $200 million-plus project to move forward.
A representative with the SOS couldn't be reached for comment.
The SOS filed a lawsuit on February 21 against the city of Austin, claiming the city is violating the 1992 voter-approved Save Our Springs ordinance by allowing the AMD project to move forward. The ordinance governs development in environmentally sensitive parts of the city.
The judge denied the request for a temporary restraining order, but ordered four parties to participate in a 30-day mediation period to see if a solution could be found with regards to the other parts of the suit. Parties ordered into mediation are: AMD, the city of Austin, SOS and landowner Stratus Properties Inc. (NASDAQ: STRS).
AMD plans to build the project on 58 acres at the southeast corner of Southwest Parkway and William Cannon Drive.
"AMD is happy to participate in that [the mediation] process ... and work towards putting together an agreement working towards the best interest of everybody concerned," says Travis Bullard, AMD spokesman.
Bullard says AMD hopes to receive its site development permit soon and break ground in a few weeks.
A city representative says it is also pleased with both parts of the judges ruling.
"We felt that, pursuant to Texas law, that even though the city didn't want AMD to be located on that site, there was nothing we could do to stop them," says Laurie Eiserloh assistant city of Austin attorney.
She says now all four parties are working together in "good faith."
Beau Armstrong, president and CEO of Stratus, says the ruling validates the development agreement it struck with the city back in 2001.
He also says his company is interested in working with the SOS to "see if there's some way to alleviate their concerns."
Kinda sucks that they're building directly over the aquifer recharge zone. Looks like there will be "AMD in the drinking water". That could be a good thing, though. Either way, there are going to be an assload of jobs opening at the place soon and it's really close to my house
