Texas DOT Buys Back State's Only Public-Private Toll Road for $1.7B

Oct 23, 2024 · The Texas Department of Transportation has terminated the only public-private toll road partnership in the state, spending $1.7 billion to buy back ownership of a portion of State …

CouponFollow Extension

$1
OFF

Texas DOT Buys Back State's Only Public-Private Toll Road For $1.7B

1 day from now

Oct 23, 2024 · The Texas Department of Transportation has terminated the only public-private toll road partnership in the state, spending $1.7 billion to buy back ownership of a portion of State …

equipmentworld.com

$1
OFF

Texas DOT Buys Back State's Only Public-Private Toll Road For $1.7B

1 day from now

Oct 23, 2024 · The Texas Department of Transportation has terminated the only public-private toll road partnership in the state, spending $1.7 billion to buy back ownership of a portion of State …

machineryasia.org

$1
OFF

TxDOT’s $1.7 Billion Toll Road Buyout May Keep Tolls In Place

1 day from now

Jul 30, 2024 · The Texas Department of Transportation is contemplating the purchase of a Houston-area toll road from a private developer, with potential plans to maintain the tolls for …

tollfreehighways.com

$1
OFF

Texas Toll-Road Takeover To Cost State At Least $1.7 Billion (1)

1 day from now

Apr 4, 2024 · Texas’ plan to terminate a 52-year toll-road concession and restore state control will cost taxpayers at least $1.7 billion.. The state Transportation Commission voted unanimously …

bloomberglaw.com

$1
OFF

TxDOT Leaders Proceed With $1.7B Plan Terminating Texas 288 Toll …

1 day from now

State highway officials Thursday took the first of many steps toward terminating an agreement with a private company for the Texas 288 Toll Lanes. The five-member Texas Transportation …

msn.com

$1
OFF

State Toll Roads Under Public-private Partnerships

1 day from now

Nov 22, 2024 · Recently, the Texas Department of Transportation spent $1.7 billion to buy back ownership of a portion of State Highway 288 and terminate the only public-private toll road …

thetexasinsider.com

$1
OFF

New Lawmakers Take On TxDOT Over $1.7 Billion Toll Controversy

1 day from now

Aug 21, 2024 · In a letter to TxDOT Chairman J. Bruce Bugg Jr., the group said they are “extremely concerned by the action the Texas Transportation Commission took recently to …

dallasexpress.com

FAQs about Texas DOT Buys Back State's Only Public-Private Toll Road for $1.7B Coupon?

Will Texas end a toll agreement with a private company?

HOUSTON, Texas (KTRK) -- The Texas Department of Transportation is moving forward with a plan to end its agreement with the private company that oversees the toll lanes on Highway 288. So what does that mean for you? The question is: When the state takes over the tollway, could you get a better deal or wind up paying even more? ...

Are Texas toll roads public or private?

Texas’ toll roads began as public entities, but in 2003, amid shortfalls in transportation funding, a state law was passed allowing new and existing ones to enter public-private partnerships. This brought several advantages, said Bob Poole, director of transportation policy at the Reason Foundation. Who gets the money from toll roads in Texas? ...

Who owns toll roads in Texas?

The North Texas Tollway Authority (NTTA) is the only regional tollway authority in the state. Established by Collin, Dallas, Denton, and Tarrant counties, NTTA owns and operates all toll roads, toll bridges, and toll tunnels in the Dallas–Fort Worth metroplex. Are toll roads privately owned in Texas? ...

Does TxDOT buyout a 288 toll lane in Houston?

The buyout by TxDOT applies only to the Harris County portion of 288, which stretches from Blodgett Street south of downtown Houston to Clear Creek, which is just south of Beltway 8 and represents the line between Harris and Brazoria counties. The 288 toll lanes south of that point are operated by the Brazoria County Toll Road Authority. ...

Could buying back the tollway make state money?

Buying back the tollway and creating a nonprofit corporation to oversee it could make the state money in the long run. Since the toll lanes opened in 2020, the Chron reports drivers have had to pay more and more, from around $6 to more than $15 during peak commuting. ...

Will state Highway 288 affect Texas drivers?

State Highway 288 stretches from downtown Houston to Freeport along the Gulf Coast. The Texas Department of Transportation (TxDOT) is taking control of the toll lanes on the Harris County portion of State Highway 288, which will come at a significant up-front cost for the agency but could eventually result in lower rates for Houston-area drivers. ...