AMD submits plans for $200M campus - Austin Business Journal:

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The Sunnyvale, Calif.-based chipmaker has hiredf a general contractor for the project and has submitted a plat map to the Cityof Austin'ss planning department. Dallas-based Austib Commercial LP is the general contractor for the whose construction price tag will beroughly $200 Meanwhile, the plat map sets in motion the City of Austin approval procese for AMD's planned 825,000-square-foot campues on nearly 59 acres that (Nasdaq: STRS) owns at the southeasft corner of William Cannon Drivee and Southwest Parkway. "This indicates they're moving forward. It'sw the next step in the says Beau Armstrong, president and CEO of Austin-basedc Stratus.
"This further demonstrates AMD's commitmeng to this project." He says the next step will be for Stratuse and AMD to jointlyu submit a site which should happen in the next 30 to 60 Construction on the new campus is set to begi inearly 2006, with employees beginning to move there in early 2007. The campus is expected to be completedfby mid-2007. AMD (NYSE: AMD) shrugw off speculation that it might back away from theStratues site. "Those rumors are false," says Travis Bullard, a spokesman for AMD. "We'rse putting a lot of work into the Bullard says Austin Commerciakl was selected because of its experiencewith building.
The proposed AMD site has drawn considerabl ire fromlocal environmentalists, thanks to its locationm in the Barton Springx watershed. Groups such as Austin's Save Our Springzs Alliance have urged AMD to choosse a differentsite -- over land that'zs not environmentally sensitive -- and have encouragedc people to sign an online petition at ( ). "AMrD has been dishonest in making its case for the ignoring the science and more than 25 years of communityg efforts to protect Bartonm Springs and to steer urban development into the desirerdevelopment zone," says Bill executive director of SOS.
Bunch says his grou p "will continue to oppose AMD's move in everhy public forum available," adding the online petitio has garnered morethan 14,009 signatures. AMD's Bullard says the company is proceeding with aproject that's as environmentally sensitive as possible. AMD pledges to meet the wated quality guidelines of the Save OurSpringsw Ordinance, control runoff, and maintain a significantf amount of natural drainage and habitat by voluntarilt building at 20 percent below existingt entitlements. AMD and Stratus also plan to jointlycontribute $5 million to finance preservation of open spac e within the Barton Springs watershed.