News
Dallas-Fort Worth Commercial Real Estate

SPEED RACER RAIL

The Texas Department of Transportation's gonna get $15M in federal funds to develop a proposed high-speed rail corridor between DFW and Houston. TxDOT?s funding came out of the US DOT?s $2B in High Speed Intercity Passenger Rail funds that became available earlier this year. The corridor would connect two of the nation's most populated metro areas (and your favorite Bisnowcities). Proposed speeds would be up to 150 mph (and no one?s getting ticketed). Additional awards include $4M in high-speed stimulus funds to adjust signal timing for several at-grade crossings for Amtrak's Heartland Flyer and about $7M from the 2009 appropriations bill to lay additional track along a portion of the Trinity Rail Express.

Continue reading this story with a free account

Log in or register
Related Topics: The Texas Department , US DOT
Sign up for more articles like this
Subscribe to Bisnow's Dallas-Fort Worth Newsletters
Related Stories

Judge Approves $70M Sale Of Philly's Largest Office Complex

Kidder Mathews Establishes First Texas Office In DFW, Adds 6 New Brokers

Jackson-Shaw Breaks Ground On Huge Industrial Park In Denton: The DFW Deal Sheet

EXCLUSIVE: Building On Former Denver Johnson & Wales Campus To Sell For $11M

SEC Probe Of LA Dodgers Owner Mark Walter Snares Chicago Brokerage

Fort Worth Approves Incentive Deal For Drone Developer Mach Industries

DFW Developers Say Story Is Imperative In Pulling Off Adaptive Reuse Projects

DFW's Industrial Market Set Leasing Records During Q2

Houston CRE Firms Turn To Contractors As They Look To Scale

The Revitalization Of Sugar Creek On The Lake, A Premier Waterfront Property In Greater Houston

Illinois' Record Storm Season May Be Changing The Risk Equation For CRE

10 States Alone Carry $1.4T In Wildfire Property Risk, Cotality Finds