A project years in the making finally gets new life breathed into it.
Corpus Christi City Council approved the funding for the Park Road 22 Bridge that would connect Schlitterbahn on North Padre Island with future planned developments.
Council members, business leader, and developers were on hand to get the once table project up and moving again Tuesday.
The city had already authorized four million dollars to go towards the project to construct a bridge over Park Road 22 along with a slew of incentives.
After developers, Upper Padre Partners failed to meet requirements of incentive agreements and filed bankruptcy, the City tabled funding for the project moving forward including the bridge. On Tuesday the four million dollars originally allocated for the bridge construction was once again reauthorized.
Corpus Christi Council Member Greg Smith of District 4 says, “We’re reauthorizing the funding. The developers say they’re ready to sign the memorandum of understanding that they will build that canal. We’re very close to seeing this project that’s been years in the making and it’s come close to the finish.”
In 2015 things fell apart for the 574-acre project. Tuesdays funding approval is a good sign the City is confident the project can once again be completed.
Approval also included an agreement with Diamond Beach Holdings, LLC and Padre Island Holdings, LLC for development of the third-party canal for the Park Road 22 Bridge.