A venue tax McLennan County voters approved over the summer is on track to bring the county an average of $2 million a year, County Judge Scott Felton said Tuesday.
The taxes will pay for a $34.4 million overhaul of the Extraco Events Center site, and during their meeting Tuesday, county commissioners authorized 1519 Surveying LLC to start boundary survey work for project.
There a lot of moving parts to the project, with the county, the city of Waco and Waco Independent School District owning parts of the 60-acre site County Attorney Mike Dixon said. The entities also plan to swap property as part of the overhaul, and the boundaries need to be identified before plans can move forward, Dixon said.
“The initial problem is lack of good information on property already there,” Dixon said. “This is sort of the first step in the process before we can really go much further. We need to know what we have. The next step, which we’ll probably bring you pretty soon, is the design step.”
Felton said about $500,000 has been collected from the venue taxes since collections started.
County leaders plan to issue a bond this fiscal year for as much of the $34.4 million as needed to cover construction costs for the project as money builds in the venue tax fund. Proposals for renovation at the site include, among other work, adding a $14 million, 800-square-foot multipurpose center connected to the existing coliseum, and rebuilding Waco ISD’s Paul Tyson Field and the city’s Lake Air Little League facilities.