TxDOT finalizes buyback of SH 288

Oct 8, 2024 · TxDOT will begin plans to build two free general-purpose lanes along portions of SH 288 between IH 610 and Beltway 8 by no later than 2030 (one lane in each direction). Under …

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TxDOT Buys Back SH 288 Toll Road From Private Equity Partner

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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 …

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TxDOT Buys Back SH-288 Toll Road, And Drivers Want To Know …

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Dec 19, 2024 · Now that the State of Texas has taken over the operation of the 288 Expressway, will those tolls ever drop? Officials say TxDOT could consider it once a $1.7 billion debt is paid …

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TxDOT Buys Back SH-288 Toll Road, And Drivers Want To Know …

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Dec 19, 2024 · Officials say TxDOT could consider it once a $1.7 billion debt is paid off. ... TxDOT buys back SH-288 toll road, and drivers want to know when toll prices will drop. KTRK – Houston.

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TxDOT Pushes Ahead With Buyout Of SH 288 Private Toll Road

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Aug 30, 2024 · TxDOT pushes forward on buyback of SH 288 Action would reduce average daily toll rates by 50%. Aug. 23, 2024. AUSTIN – To provide Texans with toll relief and more free …

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FAQs about TxDOT finalizes buyback of SH 288 Coupon?

Will TxDOT buy out SH 288?

Not only will this bring future toll relief and additional free general purpose lanes for drivers, but the state is acquiring a $4 billion asset for $1.7 billion,” said TxDOT Executive Director, Marc D. Williams. “This type of buy-out is unprecedented in the United States and is a very big win for SH 288 drivers and our taxpayers.” ...

What will Texas do with the State Highway 288 comprehensive development agreement?

“All three are achieved with the Texas Department of Transportation terminating the SH 288 Comprehensive Development Agreement. It will allow the State of Texas to receive over $2 billion in added valuation. TxDOT will use the added value to slash future toll charges and to build free lanes on that segment of State Highway 288. ...

What will Texas do with State Highway 288?

It will allow the State of Texas to receive over $2 billion in added valuation. TxDOT will use the added value to slash future toll charges and to build free lanes on that segment of State Highway 288. I thank TxDOT for making it easier and cheaper for Texans to travel that route.” ...

What does a SH 288 lane change mean for Harris County?

This action will place the SH 288 managed lanes in Harris County under full state control allowing future toll rates to be significantly less than what is allowed under the current agreement and enabling TxDOT to move ahead with adding more free lanes along SH 288. ...

Will TxDOT reduce the toll rate on SH 288?

The public can expect a reduction of average daily toll rates by 50% in the next few years. Also, TxDOT will be prepared to begin construction of additional free lanes along portions of SH 288 by no later than 2030, eliminating the contractual restrictions and repayment requirements specified in the current concession agreement. ...

Who buys back Highway 288 toll lanes?

Houston Traffic: Texas Department of Transportation buys back Highway 288 toll lanes from Blueridge Transportation TxDOT is moving forward with a... 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. ...