This is a little bit insane. In 2015 Austin entered into a 30 year lease so that a private company could build a second airport terminal. The ‘South Terminal’ also has two 5 year extension options built into the lease. But the city wants to use eminent domain to terminate the lease, because it now prefers to expand the main terminal.
They’ve offered to compensate the builders less than $2 million for a project that cost as much as $20 million, while the city teaches every business it would be dumb to enter into a lease on city property because no deal with Austin is guaranteed.