Posted May 3, 2018, 6:03 PM
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FYHA
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Join Date: Oct 2007
Location: Houston - Wichita, KS
Posts: 3,102
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Cleanup of the adjacent Brazos Promenade site is complete.
http://www.wacotrib.com/news/business/cleanup-done-at-city-riverfront-site-million-under-budget/article_a744a1c5-019c-567f-b6e9-ed2233acd9f1.html
Quote:
Cleanup done at city riverfront site, $6 million under budget
By J.B. SMITH jbsmith@wacotrib.com Feb 20, 2018
A rendering from 2016 shows early plans for the Brazos Promenade mixed-use riverfront development. Environmental cleanup of the site cost about $6 million less than expected.
Catalyst Urban Development rendering, file
The riverfront site the city of Waco is offering for the Brazos Promenade development has won a clean bill of health from state environmental regulators, after a cheaper-than-expected cleanup.
City officials set aside $8 million in fall 2016 for an environmental remediation of debris at the 18.5-acre site around the old fire tower, expecting a long process of digging out old industrial debris.
The cleanup was necessary to allow Catalyst Urban Development to start work on a $100 million mixed-use destination with restaurants, retail, apartments and a full-service hotel.
City staff told the Waco City Council on Tuesday that the cleanup got a “certificate of completion” on Feb. 9 from the Texas Commission on Environmental Quality, meaning no further cleanup is needed.
“We think we’re going to end up using less than $2 million of the $8 million you allocated,” Assistant City Manager Bradley Ford said. “The savings in timing is just as important.”
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