Lone Star Tangible Assets chose Austin-based MHT Constructors LLC to be the builder of the upcoming Texas Bullion Depository in Leander, according to a Dec. 6 statement from the Texas Comptroller’s office.
Lone Star Tangible Assets was hired by the comptroller’s office to build and operate the depository, which is the nation’s first state-administered gold depository. The depository began operating in June in a temporary Austin location and is expected to open in its permanent home in Leander by the end of February 2020.
Construction on the Leander facility is slated to begin this month, according to the comptroller’s Dec. 6 statement.
“We’re dedicated to working with the Texas Comptroller’s office and Lone Star Tangible Assets to design and build a depository that will make the state of Texas proud,” MHT Constructors Managing Partner Howdy Tucker said in the statement.