Less than a month after announcing that the nation’s first state gold depository would be situated in Williamson County, Texas Bullion Depository selected Leander, TX north of Austin, for the 60,000-square-foot facility. Lone Star Tangible Assets of Austin operates the Texas Bullion Depository, with plans to spend $12 million to build the depository.

The exact location of the site was not revealed for security reasons. However, Matt Ferris of Lone Star Tangible Assets, told Community Impact that the facility would be near the Capital Metro tracks in north Leander. Construction on the site is expected to begin in early 2018, with completion slated for late 2018 or early 2019.

Ferris said the new location could employ more than 300 employees. The company plans to relocate 100 current employees, and add jobs, as needed.

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