UPDATED: Friday, April 13, 2012 - 8:54am
It's official. Baylor has purchased Hotel Waco.
The hotel is located across the Brazos River from the Baylor campus.
Rumor has it, Baylor could finally join the other Big 12 teams with an on-campus stadium.
But considering the hefty cost of $250 million, renovations to Floyd Casey Stadium are also being considered.
Once the property is officially apart of Baylor come September 30th, how long it will stay standing is being discussed.
Until then, Baylor Police Chief Jim Doak says protection of the vacant building will also be a matter of discussion that will be addressed soon.