Chip, Joanna Gaines buying Tribune-Herald building:
Chip, Joanna Gaines buying Tribune-Herald building for new Magnolia headquarters. This building is around 7 decades old. It was originally head quarters of Waco Tribune-Herald newspaper, located at 900 Franklin Ave.
New locations for this Newspaper’s office will be River Square Center, near Franklin Avenue and University Parks Drive. As per reports.
Tribune-Herald’s president Ron Prince gave reason for this relocation that they are having many vacant spaces. Which is obviously hard to manage. Back then when printing press requires lots of space that building was accordingly useful. But now it doesn’t require this big space.
He said : “Our current home at 900 Franklin was built at a time when newspaper operations required a lot of space for people and equipment dedicated to the production of a daily newspaper. Printing presses, dark rooms, and typesetting equipment occupied a lot of room, and we don’t have any of those things today. So that means we have a lot of vacant space we have to maintain.”
After that He also stated that they wanted this news paper to focus more on Local reporting. Having small number of staff working it will be easier to relocate. Now this building will be magnolia headquarters. Magnolia’s spokesperson John Marsicano confirmed this news.
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Tribune-Herald building will be use by Mangnolia as one their many business ventures. As it has many restaurants under its name as well other than publishing, real estate, property development and lodging.
Magnolia’s decision to locate its headquarters in downtown Waco is an important, bellwether moment because it is one more step to solidify downtown as an active, vibrant district,” Waco Mayor Dillon Meek said in a statement. As it will generate employment in that area.
Highlights :
- Chip, Joanna Gaines buying Tribune-Herald building for new Magnolia headquarters.
- Tribune-Herald’s president Ron Prince gave reason for this relocation that they are having many vacant spaces.
- Magnolia will generate number of job opportunities in that area, Said mayor.
