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Turner Brothers asks Waco to extend Floyd Casey development deadline; staff recommends Nov. 30, 2025
Summary
Turner Brothers requested an extension to complete public and open-space improvements for the Floyd Casey redevelopment; staff recommended extending the Master Development Agreement deadline to Nov. 30, 2025 while keeping incentive-term caps in place and adding requirements for three Hispanic-heritage street names and antique lighting on the developer's heritage-trail portion.
Turner Brothers representatives briefed the Waco City Council on Dec. 17 about progress and a requested extension for the 72-acre Floyd Casey redevelopment. Jeremy Pesina, assistant director of economic development, said the city and developer agreed the project would not meet the executed Master Development Agreement's Nov. 2, 2024 completion deadline and that Turner Brothers submitted an extension request on Oct. 15, 2024.
Pesina recapped the MDA terms: the project requires a $100,000,000 capital investment (about $14,000,000 TIF-eligible), 259 single-family lots, three required multifamily sites…
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