Local officials in Austin, Texas, recently approved a contract for construction of the $75-million second phase of the city’s Waterloo Greenway park project to Dripping Springs, Texas-based Jay-Reese Contractors Inc.

The Waterloo Greenway Conservancy estimates the entire project cost at $265 million. When completed, the Waterloo Greenway would be a 1.5-mile, 35-acre park running along Waller Creek between 15th Street and Lady Bird Lake in downtown Austin.