Texas' Fort Knox? Dirt turns for state's first bullion depository

Construction started last week on the first precious metals depository in the country that will be administered by a state.

Austin-based general contractor MHT Constructors LLC broke ground Dec. 12 on the 40,000-square-foot Texas Bullion Depository on Heritage Grove Road near U.S. Highway 183 in Leander. The depository will be operated by Lone Star Tangible Assets.

Construction is expected to wrap in late 2019. It is described as a class 3 vault, the highest level. According to LSTA Chairman Matt…