by Bruce Gietzen
WACO - A Baylor source confirmed to News Channel 25 Monday night the University is getting closer to solidifying plans to build a new football stadium on or near campus.
The school has agreed to buy the Hotel Waco just across the Brazos River from campus on the east side of I-35. That hotel has head financial problems, and is near where the proposed George W. Bush library would have been built.
The source said that site is just one of a multiple number of possible locations being considered for the new $250 million stadium. The school has reportedly been buying other property near campus that could be used as part of the project.
Baylor apparently has also not ruled out a major renovation to Floyd Casey Stadium, if funds cannot be raised to build an all-new facility. But developments in the Big 12 situation the last week or so solidifying the conference have helped build momentum for the new stadium initiative.
