LUBBOCK, TX (KCBD) - Today, Texas Tech's UrbanTech Design Center, part of the College of Architecture, revealed plans for the Regis Park project. The project will be developed on a 288-acre plot of land near the Preston Smith Airport.
The UrbanTech Design Center, in conjunction with Texas Investment Partners, plans to build an agricultural community with an equestrian charter school, horse trails, housing, commercial properties, and an 8000-seat horse arena which could host dirt events like the ABC Rodeo. The equestrian school and horse arena are projected to be finished by Fall 2020, although David Dwyer with Texas Investment Partners admitted that's an aggressive completion date.
If the city votes on May 5 to turn the Lubbock Municipal Coliseum & Auditorium back over to Texas Tech, the University has promised they won't start demolition until after the 2019 ABC Pro Rodeo. This makes the Fall 2020 completion date especially important.
ABC Rodeo Board Chairman, Ray Short, acknowledged this.
"It would be like the man said in their interview a while ago, it would be very aggressive. I think it would be pushing it pretty close."
Although the Fall 2020 completion date may not be feasible, Short is optimistic.
"I mean the idea, the concept, would be pretty neat for the Lubbock community. We'll just have to wait and see."
An important note, the horse arena is still in the conceptualization phase. Dwyer says once they solidify their investors, that's when the actual design of the arena will take place.
"We're in the conceptualized phase. We had to get to the point we are now where we can make the announcement and say this is what we have. We have investment partners and developers for specifics, such as the school and the arena, who are interested and want to pursue it. That's what part of the engineering is, getting some numbers together so we can see what we need to raise. How many funds would be needed."