Buda May Go To Private Sector To Help Fund Park Projects

The idea for the new park was presented to Buda City Council in November 2016; the 40-acre property was purchased with funds from the November 2014 bond.

Buda city officials are developing a bid process for private sector companies that are interested in obtaining naming rights and becoming sponsors for at least two park projects approved in a 2014 bond election.

The additional funding is because of the increase in value of the land needed for Garison Park and the high cost of an amphitheater, even after the city scaled down features of the amphitheater previously estimated to cost $8 million, said Greg Olmer, the director of parks and recreation. 

City officials also are looking at seeking corporate sponsors for a new splash pad at City Park and a new public library, Olmer said.

A goalhas been set to seek proposals from corporations desiring naming rights before May, since that is the month the city plans to seek bids for the park projects.

This article was originally published by strategic partnerships.