After a decade of hype, Dallas-Houston bullet train developer faces a leadership exodus as land acquisition slows

  • 📰 KPRC2
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

Texas Central has made little visible progress financing the high-speed rail project and acquiring property for the route in recent years. texasnews dallas train bullettrain kprc2 click2houston

how the project could be developed or financed. Others tried to kill it outright. But Texas Central’s project repeatedly emerged largely unscathed., D-Dallas, has maintained his support for the development endeavor, though he’s well aware of how rural and urban interests are often at odds on the matter.

And the governor still isn’t talking. This month, Abbott’s office did not return multiple requests for comment about the matter. First: A portion of Austin Street near South Side Music Hall in Dallas is part of a proposed bullet train station that would contain a bus drop-off area and parking zones. Last: Traffic on Interstate 30 passes near an area of land that’s been planned to be used for pedestrian bridges leading to the bullet train terminus.

But having the ability to use eminent domain doesn’t mean the process will be easy — or cheap. And one expert in eminent domain law said the company may still face a major legal hurdle in exercising its eminent domain authority. “There’s a legal mechanism that allows them to begin construction of the project even before the eminent domain lawsuit has fully resolved,” Ellis said.Texas Central has long said it would use eminent domain only as a last resort and it would prefer to amicably buy the land needed for the project. How many parcels it needs has long been a mystery.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What else would you expect from Houston?

elonmusk can you jump in and get this done?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 80. in BUSİNESS

Business Business Latest News, Business Business Headlines