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San Antonio’s Brooks Reaches $1 Billion in Investment
It’s been twenty years since Brooks Air Force based closed and was turned over to the Brooks Development Authority. The government entity working for over two decades to redevelop the decommissioned Brooks Air Force Base has reached a significant economic milestone.
Through new development, more than $1.2 billion has been invested since the Brooks Development Authority took over the 1,308-acre mixed-use campus in 2001.
The investment includes construction and development by Brooks and its business partners — in new manufacturing plants and other institutions, as well as health care, lodging and residential, retail and dining that have brought new economic activity to Southeast San Antonio.
“We have another $425 million [worth of projects] currently underway … and so once all of those are done, we’ll be near the $1.5 billion in development since we took over 21 years ago,” said Brooks’ Connie Gonzalez.
The milestone follows the recent groundbreaking for the first Class-A office building at Brooks and the unveiling of plans to build almost 500 single-family homes intended as rental properties.
- ◦Development
- ◦Policy/Gov't
