Bastrop City Council OKs $900,000 property sale to Austin-based financial tech company
17 Sep 2021
The Bastrop City Council on Tuesday unanimously approved the city’s Economic Development Corporation’s request to sell a 26.5-acre tract of land in the Bastrop Business and Industrial Park for $900,000 to an Austin-based financial technology company.
The company, MOCA Ventures Nebraska LLC, plans to build a high-tech, modern three-building complex that will serve as the company's headquarters, which in about five years could house 700 employees.
As per the agreement, the Bastrop Economic Development Corporation will reimburse MOCA Ventures the $900,000 it will spend on the property if the company invests a minimum of $10.7 million in building an office complex that’s at least 40,000 square feet.