From Austin Business Journal, December 3, 2008...
The Capital Area Metropolitan Planning Organization approved the creation of a financing plan that allows toll revenue from U.S. Highway 183A to help pay for a planned tolled portion of U.S. 290 East. The plan would provide that U.S. 183A effectively be a co-signer or financial backstop for the financing of the new toll road.
Read more...
Showing posts with label Manor Expressway. Show all posts
Showing posts with label Manor Expressway. Show all posts
Wednesday, December 3, 2008
Wednesday, October 22, 2008
North Austin tolls may pay for Manor project
From KXAN, October 10, 2008...
Exploding development and increased traffic continues to take a toll on Central Texas roadways.
The region's next toll road -- financed in the new volatile bond market -- is revving up controversy. The Manor Expressway -- actually the widening and expansion of US 290 East towards Houston -- will cost $623 million to build.
Read more...
Exploding development and increased traffic continues to take a toll on Central Texas roadways.
The region's next toll road -- financed in the new volatile bond market -- is revving up controversy. The Manor Expressway -- actually the widening and expansion of US 290 East towards Houston -- will cost $623 million to build.
Read more...
Tuesday, September 16, 2008
Rail vs. Roads
From Austin Chronicle, September 12, 2008...
There's an ironic subtext to Capital Metro's Green Line report: Rail transit is being held to a higher standard of investment scrutiny than are roads, which are also wildly expensive. By comparison to the proposed Green Line, there's a $500 million price tag on design and construction for the Texas Department of Transportation's new 6.2-mile Manor Expressway, a toll road in the median of Highway 290 from U.S. 183 to Parmer Lane, scheduled to start construction next year. That's about $80.6 million per mile. At the upper estimate of $192 million, the Green Line would come in at $6.8 million per mile. No submittal of ridership projections was required for that toll road expenditure; annualized costs per passenger mile were not calculated. But it's a safer bet that tolls can pay back construction costs (if not ancillary and opportunity costs) in a way the transit fare-box never will.
Read more...
There's an ironic subtext to Capital Metro's Green Line report: Rail transit is being held to a higher standard of investment scrutiny than are roads, which are also wildly expensive. By comparison to the proposed Green Line, there's a $500 million price tag on design and construction for the Texas Department of Transportation's new 6.2-mile Manor Expressway, a toll road in the median of Highway 290 from U.S. 183 to Parmer Lane, scheduled to start construction next year. That's about $80.6 million per mile. At the upper estimate of $192 million, the Green Line would come in at $6.8 million per mile. No submittal of ridership projections was required for that toll road expenditure; annualized costs per passenger mile were not calculated. But it's a safer bet that tolls can pay back construction costs (if not ancillary and opportunity costs) in a way the transit fare-box never will.
Read more...
Wednesday, August 6, 2008
CTRMA holds open house to discuss Manor Expressway toll road
From Austin Business Journal, August 6, 2008...
Residents who want to learn the details of a $529 million project to expand and toll U.S. Highway 290 east between U.S. 183 and State Highway 130 will get their chance at an open house this evening.
The Central Texas Regional Mobility Authority is hosting the open house to inform the public about the plan. On Aug. 12, CTRMA will hold another meeting to collect public input.
Traffic on U.S. 290 has increased more than 78 percent since 1990 as Manor and surrounding cities increase in population, according to CTRMA.
Read more...
Residents who want to learn the details of a $529 million project to expand and toll U.S. Highway 290 east between U.S. 183 and State Highway 130 will get their chance at an open house this evening.
The Central Texas Regional Mobility Authority is hosting the open house to inform the public about the plan. On Aug. 12, CTRMA will hold another meeting to collect public input.
Traffic on U.S. 290 has increased more than 78 percent since 1990 as Manor and surrounding cities increase in population, according to CTRMA.
Read more...
Subscribe to:
Posts (Atom)
Posts
