November 18, 2019 Comments Off on San Marcos City Council Approves Agreement for 30-Acre Sportsplex Views: 382 Austin, Texas News

San Marcos City Council Approves Agreement for 30-Acre Sportsplex

The San Marcos City Council approved a purchase and sale agreement with Pursuant Ventures Development LLC to develop 30 acres on Centerpoint Road into an indoor-outdoor sports and entertainment complex. The city is entering into a public-private partnership with Pursuant and San Marcos Baseball Investments LLC to design, build and operate the as-yet unnamed sportsplex, which will be used to host national tournaments.

The estimated project price is $19.8 million, which will include a 3% contingency fund. The city is proposing the development and maintenance be funded through bonded indebtedness to be paid from Hotel Occupancy Tax Collections and Lease Revenues.

Assistant City Manager Steve Parker told the council that design and construction would take place during the early part of 2020, adding that the training facility, which will include education, computer and study rooms, will be available at no charge to local youth baseball associations Mondays through Thursdays.

Read more at San Marcos Corridor News

Connect With San Marcos’ Parker


Get CRE News in 150 words

For comments, questions or concerns, please contact Amy Sorter

Tags: , ,

Comments are closed.

Send this to a friend