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Buda Championship Park, formerly known as the Buda Sportsplex, received $1.5 million in additional funding from the Buda Economic Development Corp., or BEDC, to be used toward facility improvements.
The $1.5 million contribution in fiscal year 2026-27 will be used to offset construction costs, mitigating the tax rate impact of the associated 2026 certificate of obligation bonds, according to agenda documents.
The background: BEDC had previously contributed $1.5 million in fiscal year 2025-26 for the project to assist with design and pre-construction costs, bringing the total contribution from the BEDC to $3 million, according to agenda documents.
A major renovation of the sports park has been underway since September 2025. The project is anticipated to be completed by spring 2027.
The framework: To receive the latest installment of BEDC funding, the city must meet performance measures at the Sportspark, including a minimum of 65 qualifying tournaments during years 4-8 of the park's operation.
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