SouthsideDaily.com:

An inter-office memorandum prepared Friday by Public Works Director Phil Davenport at City Manager Dave Hansen’s request produced a rough estimate of $48.6 million to design and construct a 140,000-square-foot City Hall at Town Center. Alternatively, the city could have a private firm design, construct and own the building, and lease it back to the city at a cost of about $3.99 million annually, according to the memo.