Waco is set to experience a significant economic boost with the recent approval of a $400 million investment that will create 700 new jobs in the area, as highlighted during the city council's work session on December 17, 2024. This investment is part of the Van Tran deal, which promises to enhance the local economy and provide new employment opportunities for residents.

City Manager Ford expressed enthusiasm about the positive economic developments, marking the end of the year on a high note for Waco. The council also discussed several infrastructure projects that are expected to have a substantial impact on the community.

One of the key projects presented was a major interstate construction initiative, awarded to James Construction for $234 million. This project, which is set to begin in February 2025 and expected to be completed by early 2029, will involve significant upgrades to intersections and traffic flow improvements. The Texas Department of Transportation (TxDOT) has implemented a series of incentives to encourage timely completion, including potential bonuses for early work and penalties for delays.

Additionally, the council reviewed plans for the Twin Bridal project, which will replace two bridges over Lake Waco. This project is anticipated to cost around $70.7 million and is expected to begin bidding in January 2025. The timeline for completion is estimated at three years, with similar incentive structures in place to ensure efficiency.

Another significant project discussed was the Franklin and New Franklin and New Road project, which aims to consolidate roadways and improve safety in a high-traffic area. This project has an estimated cost of $45 million and is tentatively scheduled for letting in fiscal year 2026.

The council emphasized the importance of communication and transparency throughout these projects, with TxDOT committing to keep the community informed about road closures and construction updates. The collaborative efforts between the city and TxDOT are expected to enhance infrastructure and support Waco's growth in the coming years.