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Fort Worth's top CEOs honored at FWBP event

The Fort Worth Business Press announced its Top CEOs last night at its Top 100 event held at the Fort Worth Club.

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North Tarrant Express completion date moved up to October

Fort Worth-area commuters can expect the 13.3-mile North Tarrant Express to open in full operation in October, eight months ahead of the original schedule.

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Mixed-use complex at Fort Worth TRE parking lot could cost $60 million

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End in sight for area freeway projects

A. Lee Graham
lgraham@bizpress.ne

Motorists frustrated by Interstate 35W gridlock have some relief on the horizon, with the first phase of a $1.6 billion reconstruction effort expected to be completed in 2017.
Speaking at the April 10 quarterly meeting of the 35W Coalition in North Fort Worth, a state transportation official described I-35W expansion as vital to accommodate the 270,000 vehicles expected to use the roadway each day by 2030. That’s compared with 144,000 vehicles using it now.
“We think that’s sort of what the numbers will be,” said Scott Hall, project manager with the Texas Department of 
Transportation (TxDOT).
Construction is set to begin in May on one of two phases, a $244 million project to widen the interstate from North Loop 820 to U.S. 81-287, with that stretch expected to open for traffic in 2017.
The second phase is to widen I-35W from Interstate 30 to North Loop 820 by rebuilding existing lanes and adding two new managed toll lanes in each direction. Construction for that $1.4 billion portion is expected to begin in mid-2013 and finish in 2018.
Funding the project are TxDOT, the U.S. Department of Transportation, the North Central Texas Council of Governments, bonds issued by project developer NTE Mobility Partners and private equity investors.
“We’ve all been waiting a long time for this. We’re at the gateway,” said Mac Churchill, coalition chairman.

North Tarrant Express
Meanwhile, progress continues along the North Tarrant Express, the $2.5 billion project to widen North Loop 820 and the Texas 121-183 corridor.
“Things are certainly on the downhill side,” said Robert Hinkle, director of corporate affairs for the TxDOT project.
“It is going to be a huge asset for the state of Texas,” said Hinkle. He described construction as about halfway done for a project already under construction for three years.
The project is split into west and east segments. The western portion is between I-35W and Texas 121, and the eastern portion between Texas 121 and the city of Euless just east of where Texas 121 veers north from Texas 183.
The project is about 50 percent complete and should be finished in 2015, Hinkle said.

Tower 55
Meanwhile, a BNSF Railway official applauded the city of Fort Worth for helping fund Tower 55 improvements. BNSF and Union Pacific Railroad tracks meet at that intersection, located southeast of downtown near the I-30-35W interchange.
“It’s a great project for the railroad, it’s a great project for the community,” said Aaron Hegeman, director of public-private partnerships with Fort Worth-based BNSF.
The $101 million project will add an additional north-south track through the intersection, improve signaling, replace railroad bridges and improve city streets and intersections to support grade-crossing 
closures.
At its April 9 meeting, the Fort Worth City Council agreed to chip in $1 million for the Tower 55 project, with BNSF and Union Pacific Railroad ponying up $65.3 million collectively; TxDOT, $1 million; and $1 million from the U.S. Department of Transportation’s TIGER II (Transportation, Investment Generating Economic Recovery) grant.
Work is expected to be complete in 
late 2014.
“We’re really running and gunning on it. Things will be a little crazy for the next year and a half or so,” said Hegeman referring to construction.
Meanwhile, a coalition leader bemoaned what he called an “orange cone problem.”
“The Legislature doesn’t think we have a transportation problem,” said Russell Laughlin, 35W Coalition president and senior vice president of Hillwood Properties, pointing to orange construction cones that sometimes lead observers to think all road construction needs are being met.
But that’s not the case as coalition leaders lobby for transportation dollars from the 83rd Legislature.
With the state facing a $215 billion shortfall in transportation funding in the next 20 years, according to the coalition, the need to ensure funding for existing and planned projects is vital.
To that end, it is lobbying for several bills, including HB 479, aimed at stopping the diversion of gasoline taxes and other funds from TxDOT to the Department of Public Safety and instead directing those funds to transportation. Funding for the DPS would be replaced by general revenue.
The coalition also supports H.B. 3664, which would boost transportation funds by increasing vehicle registration fees by different amounts depending on vehicle type. Both bills were scheduled to be heard on April 10 by the House Appropriations subcommittee on budget transparency and reform.
“These are pretty good bills that need some light of day,” Laughlin said. 
 

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