Grapevine City Council approves maximum budget for Phase 2 of TEXRail train station development

 

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Photo: City of Grapevine

Grapevine City Council authorized a guaranteed maximum price to pay Coury Hospitality for Phase 2 of the Grapevine TEXRail station project during its meeting Nov. 20.

The maximum price set for Phase 2 is $46,859,820, and it will allow Coury Hospitality to complete construction of the TEXRail station, the observation tower and the plaza in Historic Downtown Grapevine, according to the meeting agenda packet.

Nearly a year ago, during a Dec. 5 meeting, Grapevine City Council approved a contract with Coury Hospitality for Phase 1 of the project, which was not to exceed $30,185,180, to begin work on the parking garage that will be part of the TEXRail station.

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