- Classifieds – Main
HOUSTON – Mayor Sylvester Turner announced today the creation of a Justice Complex Commission to study all available options for developing, acquiring and financing a new justice complex that will provide police officers and other members of the Police Department and Municipal Courts a fully functional facility to serve and protect the City of Houston and its citizens. The commission will begin its work by reviewing prior plans that identified the increased cost and loss of functionality of existing facilities.
“Timing is key for the formation of the Justice Complex Commission as the real estate market is experiencing changes due to the sustained slump in oil prices, which has dramatically impacted commercial real estate in downtown and other business districts around the city” said Mayor Turner. “The decline in energy prices, the extensive development of new commercial buildings and the downsizing of the private sector have created a perfect storm opportunity for the City to consider leasing or purchasing millions of square feet of office space for a project such as the Justice Complex.”
The Commission will be co-chaired by Barron Wallace, a partner at Bracewell LLP, and Louis Sklar, a retired senior executive from Hines. The Commission will also include other individuals with critical knowledge of finance, engineering, space planning, procurement, real estate development and other disciplines that will enable the panel to provide recommendations for a long term solution for HPD and the Municipal Courts. “Louis and I are looking forward to working with all of the stakeholders to achieve a financially prudent and sustainable solution for the City,” said Barron Wallace.