AUSTIN (KXAN) — A downtown, 1.5-mile park system winding along Waller Creek, Waterloo Greenway will provide a gathering space for the community.
Once complete, the greenway will be a 35-acre park system that runs from East 15th Street, and along the eastern edge of downtown to Lady Bird Lake.
The project officially broke ground in 2017 with phase one, including work on the Waterloo Park and the new Moody Amphitheater, set to open in fall 2020.
Waterloo Greenway CEO Peter Mullan said the new Moody Amphitheater will be “a musical and outdoor experience.”
The nonprofit has teamed up with C3 Presents and Live Nation to bring live music to the new downtown venue.
“They’re going to really enable us to enhance what we can do programmatically in this place,” Mullan said.
While the park and venue will open later this fall, park officials said a full concert season won’t kick off until spring 2021.
Waterloo Greenway officials are also working on restoring Waller Creek.
Over time, the health of this historic creek’s diverse ecosystem has been challenged by intense development. Herons perch on drain pipes that empty directly into the waters. Sunfish and goldfish swim in polluted runoff. Turtles poke up between styrofoam cups, and saplings bend under sodden trash bags. With floods and droughts mixed in, the results are plain: poor water quality, a crumbling creek bedrock, and eroding banks.Waterloo Greenway
As well as connecting the greenway from The University of Texas all the way to Lady Bird Lake through one continuous three-mile path of trails. This would also connect to the Ann and Roy Butler Hike-and-Bike Trail and Shoal Creek Trail.
Waterloo Greenway is funded by a combination of public and private funds. Officials estimate the project will cost around $250 million. Through bond funding, the Waller Creek Tax Increase Reinvestment Zone and other sources the City of Austin has committed approximately $150 million. Conservancy officials said they have plans to raise the remaining $100 million from individual, foundation, and corporate contributions, grants, and more.