Council approves spending $10-million on business park
Wichita Falls City Councilors voted Tuesday to authorize spending of $10-million on the city’s business park.
The money will be used for upgrades to the park’s roads, water and sewer systems and lighting.
Councilors signed off on allowing the Wichita Falls Economic Development Corporation to issue sales tax revenue bonds to pay for the project.
Public Works Director Russell Schreiber said the projects will help the park be “shovel ready” for new business prospects. He said the city lost out on two prospects that were interested in Wichita Falls but needed land that was ready for construction to start.