San Saba, Texas (June 2023) – The San Saba Economic Development Corporation has begun work on a new splash pad. After closing the public swimming pool over five years ago due to foundation concerns, the City of San Saba had been looking for a budget-friendly replacement. The option of a splash pad won the community’s heart, and the project was given to the city’s Economic Development Corporation. The new park will be named after former city manager, Stan Weik, for his efforts toward making the splash pad a reality. The EDC anticipates breaking ground on the new project in August and plans to open the park in May 2024. Financing for the improvements was provided by Government Capital Corporation, Southlake, Texas and a partial grant through the Texas Parks and Wildlife Department.
“The San Saba EDC and the City of San Saba are extremely grateful for Government Capital,” says Scott Edmonson, EDC Director/City Manager, City of San Saba. “This project would not have been possible without their expertise in the unique challenges facing Texas economic development corporations.”
“I would like to congratulate Scott Edmonson, the San Saba EDC, and the City of San Saba on the new water park,” stated Stephanie Cates, Senior Vice President, Government Capital Corporation. “Government Capital is proud to partner with Texas Economic Development Corporations and support Texas communities.”
About San Saba Economic Development Corporation
The San Saba Economic Development Corporation is located in the City of San Saba at the top of the Texas Hill Country. The EDC serves a primary retail trade area with a population of over 8,600 residents and a secondary retail trade area with a population of over 50,000 residents. To learn more about San Saba EDC, visit www.sansabatexas.com.
About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to all local governmental entities. Since its founding in 1992, the company and its affiliates have successfully completed thousands of municipal financings exceeding $5 billion in Texas and across the country. For more information, visit www.govcap.com.