TEXAS CENTRAL HAS NEARLY A THIRD OF PROPERTIES NEEDED FOR BULLET TRAIN, IT SAYS
Would-be bullet train builder Texas Central tells the Chronicle’s Dug Begley it has secured nearly a third of the properties it needs for the planned rail line between Houston and Dallas. But Begley notes that company “officials have not specified where those tracts are located or how much of the 8,000 [required] acres they include.” The train developer is currently negotiating with landowners to buy up parcels along the route. As for plan B: “Though state lawmakers essentially have barred the company from using state authorities to condemn property, Texas Central maintains it has some options via federal authorities as a railroad, under Texas law.” [Houston Chronicle ($); previously on Swamplot] Photo of Texas Central public hearing at Woodard Elementary School, Cypress: Marc Longoria via Swamplot Flickr Pool

“The station in Roans Prairie is a developer’s dream: high-speed rail, new I-14 interstate, and miles and miles of undeveloped land. The master-planned communities will start popping up in no time. Work in the city (Houston or Dallas) and live out in the country on your acreage homestead. Just wait, the Bryan-College Station-Huntsville MSA will see the fastest population growth in the entire nation for years and years to come.” [
The company planning to build a bullet train between Houston and Dallas appears to be altering the legal strategy it had been using to try to get landowners to allow crews on their land to survey property along the proposed 240-mile route. Texas Tribune reporter Brandon Formby says
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“Maybe it is just me, but I feel like the folks that are for the high speed rail are the same people that are against the Dakota pipeline. The HSR will undoubtedly have large environmental concerns for the state.” [
“HSR going bankrupt isn’t the worst deal around. Consider: TCR takes a bunch of Japanese + hedge fund money, fails to pay off capital costs, goes into receivership, forfeits the right-of-way to the state for failure to pay back taxes, TxDOT leases right-of-way for 99 years to a consortium of investors led by Tilman Fertitta, after which all trains have cocktails and coconut shrimp served on board. I wouldn’t complain.” [
Texas Central Railway’s CEO tells Realty News Report’s Ralph Bivins that
Texas Central Railway is seeking approval from the federal Surface Transportation Board to start the ball rolling on eminent domain negotiations on land it would need to take to construct its planned high-speed line between Houston and Dallas, 