Waco approves $100M Floyd Casey redevelopment project extension and infrastructure upgrades

In a recent work session held on December 17, 2024, the Waco City Council discussed significant infrastructure projects and the ongoing redevelopment of the Floyd Casey site, highlighting the city's commitment to enhancing public safety and community development.

One of the key topics was the approval of over $300 million in projects selected by the Texas Department of Transportation (TxDOT) for Waco and Central Texas. Council members expressed enthusiasm for these improvements, particularly regarding road safety and conditions. The discussions emphasized the importance of addressing safety issues, especially on roads that have been in disrepair. The council acknowledged that some projects may overlap, which could impact traffic flow, but TxDOT representatives assured that they would communicate any disruptions to the public in advance.

Another major focus of the meeting was the Floyd Casey redevelopment project. City officials provided an update on the project's status, which began in 2019 and involves a $100 million investment to transform a 72-acre site into a mixed-use development. This includes plans for 259 single-family homes, three multifamily sites, and 20,000 square feet of commercial space. The council reviewed the Master Development Agreement (MDA) and discussed a request for an extension on the completion deadline for public and open space improvements. The original deadline was set for November 2024, but due to construction delays, the city staff recommended extending this deadline to November 30, 2025.

The redevelopment project is significant not only for its economic impact but also for its potential to revitalize the surrounding area. The city is investing $25.3 million into a new park as part of this initiative, marking the largest investment in a park in Waco's history. This investment is expected to enhance community amenities and attract further development.

As the meeting concluded, city officials reiterated their commitment to ensuring that the redevelopment progresses efficiently while maintaining open lines of communication with the public. The council's discussions reflect a proactive approach to urban development, aiming to improve infrastructure and quality of life for Waco residents. The anticipated next steps include finalizing the extension request and continuing to monitor the progress of both the infrastructure projects and the Floyd Casey redevelopment.