The letter presents a list of twenty questions that the landowners would like answered by Texas Central, including when construction will begin and what the source of funding will be. That permit would include analysis of the economic viability of the project, engineering work, and application of the rules promulgated by FRA. However, according to the letter, Texas Central has not applied for a federal loan nor has it applied for a construction permit through the Surface Transportation Board. I believe that would be the final element that would bring us together,” he said. “I think whatever happens with the infrastructure is key to us. With “supply chain issues, rising construction costs, and inflation, among other factors, this estimate has undoubtedly increased substantially,” the letter asserts.Īt one point, Aguilar admitted the project needed federal funding. In 2020, then-chairman Drayton McLane admitted that the cost of the project had ballooned to $30 billion. Texas Central’s landowner hotline has been disconnected for months, the Houston office is listed for lease, and delinquency notices for overdue homeowner association fees sent to the Dallas headquarters have been returned undeliverable, the letter asserts. We look forward to being able to say more about this at an appropriate time in the near future,” the statement read.Īlthough Texas Central owns land in several counties along the proposed route, it appears the company is delinquent in paying property taxes totaling over $622,000 to those counties’ taxing entities. “Texas Central has made significant strides in the project over the last several years and we are moving forward on a path that we believe will ensure the project’s successful development. On July 8, FTI sent out a press release about the status of the project after the Texas Supreme Court ruled in its favor in an eminent domain case. The landowners’ letter points out that FTI Consulting Senior Managing Director Michael Bui, who specializes in corporate restructurings, is now managing the project.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |