To get the incentives, Vignette must agree to a short list ofimprovements for the building project. The $25-million packagecalls for reimbursement of the first $20.4 million in propertytaxes plus a waiver of $4.5 million in development fees. Thepackage is a means to keep Vignette from heading to west Austin orthe suburbs, where a comparable project would cost $75 millionless. In exchange, Vignette must clean up an overgrown creek thatruns through the property and widen Cesar Chavez and Red Riverstreets, which access the site. Vignette expects the improvementswill cost as much as $7 million.

Vignette now offices its 1,000-plus workforce on MopacBoulevard. The five-year-old company has experienced a ten-foldgrowth in the last several years and desperately needs morespace.

Last night, the property's zoning had been changed fromcommercial and multifamily so the site will have CBD status,allowing for higher density and greater height in the area, saysGreg Guernsey, a principal planner with Austin, toldGlobeSt.com.