Page 15 - NBIZ Magazine 2022 February

PROJECT SNAPSHOT:
510 Collective
Waco, McLennan County PACE Program
Beautiful historic downtown buildings are vacant or
underutilized across Texas because the expense of bring-
ing them back to life has been insurmountable without
PACE financing. Waco has benefited from 5 PACE projects
under the McLennan County PACE program including
the 510 Collective, a project that combined three “main
street” buildings, including a historic theater, into an
office complex.
This project demonstrates that PACE financing works
for historic downtown retail buildings. PACE financing
enabled the replacement of the antiquated chiller with a
modern HVAC system, the installation of all LED lighting,
the addition of building controls and automation, up- n TX-PACE Financing: $2,442,814.92
grades to high-efficiency plumbing fixtures, the addition
of roof insulation and new TPO roofing, and the installa- n Improvements
tion of new energy-efficient windows. HVAC
These energy efficiencies and water conservation LED Lighting
upgrades improved tenant comfort, indoor air quality, Building Envelope and Controls
lighting levels, and working conditions, as well as Elevator
reduced operating expenses, and facilitated more pre- Plumbing
dictable budgeting for the property owner. This project
will transform the former bank and adjacent building n Electric Energy Savings: 327,162 kWh/year
into office space in the heart of downtown Waco. Not • Natural Gas Savings: 664 mmBTU/year
only is the project restoring an iconic building, but • Water Savings: 1,469,000 gal/year
it is also creating jobs and serving as a catalyst for • Avoided CO2: 205 tonnes/year
future development. • Clean Energy Jobs Created: 31

PROJECT SNAPSHOT:
World Gym
Texas City, Galveston County PACE Program Retail

n TX-PACE Financing: $3,075,000

n Improvements
Building Envelope
HVAC
Electrical/Lighting
Plumbing

n Energy Savings: 1,216,885 kWh
• Water Savings: 1,266,000 gallons
• CO2 Avoided: 633 tonnes
• Clean Energy Jobs Created: 35

For more information about TX-PACE and Texas PACE Authority, please visit www.TexasPACEAuthority.org or
email Admin@TexasPACEAuthority.org N

Autumn Radle is Program Manager at Texas PACE Authority. Autumn joined the TPA team after a 15-year career
in land use planning and sustainability. She holds a Masters of Science in Environmental Studies and a Masters of
Community and Regional Planning in Environmental Planning from the University of Oregon.

NBIZ ■ February 2022 15