After delays, developer looks to begin construction at TWS site
After being delayed a couple of years, construction is expected to begin on a large housing development where the Texas World Speedway is currently located.
Bill Mather, managing member of the Southern Pointe Land Development Company, says he wants affordable homes for young families in that area.
However, things aren't quite going as expected.
"Our intention was always to redevelop into a residential community," said Mather. "It's just taken a lot longer than we thought."
Mather bought the speedway in 2007. Since then, he has rented out the speedway to different organizations and companies.
In 2015, city leaders approved the preliminary development of the 550 acre housing development.
First phase of construction was expected to be completed by June of 2016.
But they have yet to break ground.
According to Mather, the delay is not ideal, but he knows the process is more than just the construction aspect of building homes.
"The regulation from the city, county, state, federal, the federal government is very difficult to work with for land development," said Mather.
Despite being two years behind initial estimates, Mather says that's just the way it is.
"Sure it gets frustrating at times but at the same time...that's business. That's just business."
Mather is optimistic they'll meet future deadlines.
Southern Pointe is expected to be one of the largest single-family residential communities in Brazos Valley, with 1,900 homes and nature trails.
The College Station Planning and Development Department is reviewing phase one of the construction plan.
Announcements are expected in the coming weeks.