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Waco council designates Bank of America as convention-center depository despite public climate concerns
Summary
The Waco City Council approved an ordinance naming Bank of America the depository for the ASM Global Convention Center management agreement through Sept. 30, 2034, with options to extend. A public commenter urged the council to reconsider, citing the bank’s fossil-fuel financing record.
The Waco City Council on Feb. 4 approved an ordinance designating Bank of America as the depository bank tied to the management agreement between the city and ASM Global Convention Center Management LLC for the period Dec. 1, 2024, through Sept. 30, 2034, with options to extend for two additional five-year periods.
The council passed the ordinance on an emergency reading and later approved it again on a nonemergency second reading. The ordinance authorizes the city manager to negotiate and enter a contract for…
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