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Council hears developer request and staff recommendation to extend Floyd Casey park/development deadlines to Nov. 30, 2025
Summary
Turner Brothers and city staff told the Waco City Council on Dec. 17 that site work at the 72‑acre Floyd Casey redevelopment is underway but that water‑system changes and construction sequencing have delayed some required public improvements, and staff recommended extending the completion deadline to Nov. 30, 2025.
Turner Brothers representatives and city economic development staff told the Waco City Council on Dec. 17 that horizontal site work is underway at the 72‑acre Floyd Casey redevelopment but that water connection issues and construction sequencing have delayed completion of portions of the Master Development Agreement deliverables.
Assistant Director of Economic Development Jeremy Pesina reviewed the original Master Development Agreement (MDA) terms: the project envisions about $100 million in private capital investment, 259 single‑family lots, multiple multifamily and commercial pads, and a performance‑based incentive package (including a Tax Increment Financing grant up to $19.2 million, infrastructure reimbursements up to $4.0 million, and a sales‑tax…
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