Rick Perry

  • Cintra hands SH 130 to its creditors

    Link to article here.

    Texas’ first foreign-owned toll road handed to its creditors

    By Terri Hall
    August 15, 2016
    Selous Foundation for Public Policy Research

    It was so predictable. The people of Texas revolted against former Governor Rick Perry’s grand network of toll roads, once dubbed the Trans Texas Corridor, and many grassroots groups that sprung up to oppose it predicted its eventual demise. The press, always eager to jump on the ribbon cuttings, seldom show you the angling inside bankruptcy court, yet that’s where State Highway 130 Concession Company ended up. As part of its Chapter 11 bankruptcy, Spain-based Cintra and San Antonio-based Zachry ceded the delinquent toll project to its creditors Friday.

    The southern 41-mile stretch of SH 130, a bypass designed to avoid Austin traffic from Mustang Ridge to Seguin, opened with much fanfare in November of 2012, including an appearance by Perry who hailed this first public private partnership (or P3) as highway nirvana and ‘visionary.’ But crony capitalism is as old as dirt and taxpayers didn’t see it as anything other than graft.
  • Lone Star Rail survives through link to I-35 toll lanes

    Link to article here.

    Lone Star Rail resurrected by link to I-35 toll lane debacle

    By Terri Hall
    Selous Foundation for Public Policy Research
    August 24, 2016

    The saying that two things are inevitable — death and taxes — just got expanded to three things: death, taxes, and government boondoggles that never die. Yesterday, the day after the Alamo Area Metropolitan Planning Organization (AAMPO) unanimously rejected funding further study of the Lone Star Rail which was on the heels of the Capitol Area Metropolitan Planning Organization (CAMPO) pulling its funding, the Bexar County Commissioners Court passed a resolution to transfer the Lone Star Rail environmental study from the Lone Star Rail District to the Texas Department of Transportation (TxDOT). So now, not only will every Texan’s state gasoline taxes be paying for this rail boondoggle at the state level, the resolution also called for moving the rail corridor over to Interstate-35, despite the Texas GOP platform's plank opposing rail.

    The Lone Star Rail project envisions a 77-mile commuter rail between Austin and San Antonio, and it’s been studied since the creation of the Lone Star Rail District by the Texas Legislature in 1997. Over $20 million in taxpayer funds have already been spent on studying the feasibility of the corridor, and the price tag is somewhere between $2-$3 billion (that’s a big range). Union Pacific announced in February it would not allow the rail project to utilize its tracks. The feds passed on granting the project federal funding. Then the Chair of CAMPO, Will Conley, decided enough is enough and led the charge to have the board vote to defund the project August 8, leading all to believe it was the death knell for the Lone Star Rail.

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