News
Navigating LBJ; The Deal Sheet
May 19, 2011
Get your audiobooks ready unless you have a penchant for sports talk radio: you're gonna find yourself stuck on LBJ even more than usual—work finally started on the five-year LBJ construction project last Sunday. |
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Portions of the HOV lanes between I-35E and US 75 are closed now as one of the first steps in the reconstruction of the corridor, to be known as the LBJ Express. From reconstruction of frontage and main lanes between I-35E and US 75 to the addition of managed toll lanes on both I-635 and I-35E (between Loop 12 and I-635), we've only begun to fight traffic. Just remember, the remainder of the HOV lanes between I-35E and US75/Central Expressway will close later this summer. So take a deep breath and beware of road rage. |
NEW BUSINESS |
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| GE Transportation selected Fort Worth for its new 900k SF locomotive manufacturing facility with the help of $4.2M in Texas Enterprise Fund incentives for the expansion of an existing North Fort Worth facility. GE Transportation is the world's leading maker of rail and transportation products and is buying a 500k SF building at 12850 Three Wide Dr. With the state funds, it'll nearly double its size. The proposed location in Fort Worth will become final upon approval of local incentives. The company anticipates it'll begin production at the new facility by 2012 and plans to invest up to $96M in the new plant. A source tells us the former IDI Speedway Distribution site includes 80 acres and several pad sites for future expansion along the BNSF railway. Our source also says Alliance was passed over for the deal because it didn't have direct rail service with enough land and incentives to meet GE Transportation's demands. |
