We are excited to announce and welcome the Texas Bullion Depository to its future home in The City of Leander.
Construction on the new depository is expected to begin in early 2018. It will be the nation’s first state-administered gold bullion depository, and operated by Lone Star Tangible Assets (LSTA).
“I am pleased that LSTA and the city of Leander have reached an agreement to make this historic facility a reality for the people of Texas,” Comptroller Glenn Hegar’s office said Friday. “The Texas Bullion Depository is another example of the innovative and entrepreneurial spirit Texas fosters. This state-of-the-art facility will provide tremendous benefits to the citizens of Leander and will give Texans a secure facility right here in the Lone Star State where their gold and precious metals will be kept safe and close at hand.”
“I’m truly excited to build Lone Star Tangible Assets’ new headquarters and the Texas Bullion Depository in Leander,” added Matt Ferris, chairman of Lone Star Tangible Assets. “The representatives and city officials of Leander, including Mayor Chris Fielder and Chief of Police Greg Minton, have been extremely helpful and supportive during our research and evaluation periods. In addition, Mark Willis from the Leander Economic Development Corporation worked tremendously hard to craft an incentives package that made sense for both Lone Star Tangible Assets and the city of Leander.”
Leander Mayor Chris Fielder said the city is thrilled to build the depository in Leander.
“As one of the safest and fastest growing communities in the nation, I can’t imagine a better place for companies in the precious metals industry to operate,” he said in the release. “We believe Leander is a growing destination for business, and I am proud to have us represent the state of Texas in this joint enterprise.”
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