Texas Speedway’s finish line; homes race to College Station

COLLEGE STATION – Texas World Speedway will shut down in mid-June to make way for a multimillion dollar housing development.

CEO Bill Mather is the housing developer who will convert the 400-acre speedway into what will be known as the Southern Point community.

The $55 million development will be constructed in five phases to include 1,400 homes, a commercial development, nature trails and space for a new elementary school.

The development will be the first municipal utility district, or MUD, in College Station.

Mather hopes to break ground shortly after the track closes in mid-June with the first homeowner possibly moving in by summer 2016.