Tag: American Triple I Partners

Port San Antonio Board Approves Funding for $60M Innovation Center
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Port San Antonio Board Approves Funding for $60M Innovation Center

Port San Antonio board members approved committing $60 million to build an innovation center after a meeting on Thursday, according to Port officials. The construction of a state-of-the-art innovation center will help advance the organization's Tech Port strategy to connect people with employment, educational, and entrepreneurial opportunities. The Port will fund the project construction costs via a commercial loan, to be repaid from anticipated multiple revenue streams from the center's entertainment events, conferences, and industry partnerships. In keeping with the Port's economic development mandate, the board also decided to allocate 100% of the innovation center's excess revenue (after expenses) to support technology-focused K-12, college-level, and professional development progr...
Port San Antonio Board Approves ASM Global as Operator for New Innovation Center
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Port San Antonio Board Approves ASM Global as Operator for New Innovation Center

Port San Antonio announced venue management company ASM Global as the operator for the Port's planned innovation center after board members approved plans in a meeting on Wednesday, according to Port officials.ASM Global is a venue management and services company with a global portfolio of more than 300 of the world's most prestigious arenas, stadiums, convention and exhibit centers, such as the STAPLES Center in Los Angeles. ASM will be responsible for the management and booking of the Port's innovation center, as well as for the food and beverages in the center's food hall.Port San Antonio will retain full ownership, paying ASM a monthly fee.The Port's re-development agreement with American Triple I Partners, an infrastructure private equity firm focused on transportatio...
Port San Antonio Board Approves Phase 1 Plans for New Innovation Center
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Port San Antonio Board Approves Phase 1 Plans for New Innovation Center

Port San Antonio announced it would begin development of its proposed innovation center after board members approved plans in a meeting on Wednesday, according to Port officials.The board resolution authorizes the Port to spend up to $1 million on architectural and engineering design development costs for Phase 1 of the new facility. Completion of the design package for the project, complete with conceptual renderings, is expected in spring 2020.The approved center will include a technology arena, museum, collaborative technology transfer lab, an industry showroom, and community spaces and amenities. The new center is designed to accelerate innovation development already in progress at the Port and across San Antonio, Port president and CEO Jim Perschbach said during the annual Por...
Port San Antonio Approves Pre-Development Agreement for Innovation Center, Cyber Facilities
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Port San Antonio Approves Pre-Development Agreement for Innovation Center, Cyber Facilities

Plans for an ambitious innovation campus at Port San Antonio have gotten one step closer to realization.Port board members voted Wednesday afternoon to approve a pre-development 120-day agreement with American Triple I Partners, LLC. The memorandum of understanding outlines how the Port will work with American Triple I Partners to build the innovation center on the 1,900-acre campus first proposed in 2018. Sundt Infrastructure Development will support Triple I during the pre-development phase.American Triple I Partners is an infrastructure private equity firm that focuses on transportation, information technology, and smart city investments.The same partners will also work on the concept development for a second facility as part of the Port’s Project Tech complex. The new build...