Waco City Council will vote on creating Waco Stadium Authority - KXXV-TV News Channel 25 - Central Texas News and Weather for Waco, Temple, Killeen |

WACO

Waco City Council will vote on creating Waco Stadium Authority

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WACO -

Waco's City Council will vote Tuesday on creating a non-profit Waco Stadium Authority to help manage, operate and market the new Baylor University Stadium for non-Baylor events.

The council will consider a resolution approving the group, its articles of incorporation and bylaws, and the appointment of its initial Board of Directors and Chairperson.  That chair would be Harold Cunningham, and the directors would initially be: former Waco Mayor Virginia DuPuy, Jim Sartain, Hillcrest Baptist Medical Center CEO Glenn Robinson, and Joseph Wade.

The Waco Stadium Authority would be charged with acting on behalf of the city to promote, develop, encourage and maintain transportation, employment, commerce and economic development in the City and to promote the common good and general welfare of the City and benefit Reinvestment Zone Number One.

The City of Waco provided $35 million in TIF funds to help build the new stadium and surrounding area.

That stadium is scheduled to open in August of 2014, and city leaders hope it will accelerate economic development downtown and along the Brazos River.

If the council approves the project and the Authority is formed, there will be a future agenda item regarding the approval of an operating agreement between the City of Waco, the Authority and Baylor University.

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