A Boerne project will be developed under some of the City of San Antonio’s most stringent environmental ordinances, even though it is not in Bexar County.
SAWS customers are invited to submit questions and comments about the Water Management Plan during the livestream on SAWS’ Facebook page.
The Vista Ridge Pipeline Project is a short-term boon for land developers who want to fill the fragile Hill Country with subdivisions.
The San Antonio Water System board on Wednesday unanimously approved a measure that lets Garney Construction, a Missouri-based construction firm, take over control and 80% equity of the Vista Ridge water pipeline project from financially-troubled Abengoa Vista Ridge, a subsidiary of Spanish energy giant Abengoa Sociedad Anónima that filed for bankruptcy in March.
San Antonio Water System (SAWS)’s board approved a measure today that allows SAWS to “lock in” an interest rate as low as 4.23% for the Vista Ridge water pipeline project, a move that will save SAWS and its customers more than $300 million.
There are several hoops Garney Construction will have to jump through before San Antonio Water System’s executive team would consider recommending that its board approves of the Missouri-based construction firm taking over the Vista Ridge water pipeline, officials said during a public meeting about the water pipeline project Tuesday night.
Executives from Garney Construction and Abengoa Vista Ridge listened to a presentation given to the SAWS board of trustees on Tuesday which laid out next steps for the Kansas City-based construction firm’s acquisition of 80% of the Vista Ridge water pipeline project.
Missouri-based Garney Construction is now the owner of the Vista Ridge water pipeline project after attorneys representing the construction firm, former owner Abengoa Vista Ridge, and other partners came to an agreement on Tuesday afternoon.
Two firms, the New York-based investment firm Blackstone Group and Missouri-based Garney Construction, are in talks with executives of Abengoa Vista Ridge to take over 80% of the 142-mile Vista Ridge water pipeline project contract, according to SAWS President and CEO Robert Puente.
The more than four-year process to integrate the dissolved Bexar Metropolitan Water District’s infrastructure and financials into the San Antonio Water System is finally coming to a successful close.