• Texas Central HSR (Houston - DFW Dallas Fort Worth)

  • General discussion of passenger rail proposals and systems not otherwise covered in the specific forums in this category, including high speed rail.
General discussion of passenger rail proposals and systems not otherwise covered in the specific forums in this category, including high speed rail.

Moderators: mtuandrew, gprimr1

  by scratchyX1
 
Different operation. There was both Boring Company (which seemed to want build under the BW parkway either Magnetic sleds carrying AVs, or AVs themselves)
and BW maglev, that seems to want to use the old Wb and A interurban charter and ROW, for Maglev , underground,
which has JPN money behind it.
  by Pensyfan19
 
Despite the resignation of their CEO, there are supposedly still plans for Texas Central to break ground sometime soon.

https://www.nbcdfw.com/news/local/texas ... l/2992264/
Texas Central Railway CEO Carlos Aguilar announced that he will be stepping away from the company seeking to build a high-speed rail line between Dallas and Houston.

The announcement was made on Saturday via Aguilar's LinkedIn page. Texas Central Railway, founded in 2013, has promised to build a multi-billion dollar speed railway, similar to the one in Japan, between Dallas and Houston.

The announcement comes amidst a rocky first half of 2022. In January, the company was involved in a Texas Supreme Court case in which a landowner challenged the company's eminent domain authority and sought a clear definition that Texas Central is a "railroad company." Ultimately, the court concluded that the company is "operating a railroad" and is thus a "railroad company."

Most recently in April, it was reported that the company was behind on its property taxes.
  by Jadebenn
 
I find it doubtful. Often, companies like this will insist they're still solvent until the very last moment.

I think the best-case realistic outcome at this point is an XpressWest situation.
  by west point
 
Cheap loan money is going going gone. It may be TCRR did not lock up long term loans or maybe long terms were cancelled?
  by scratchyX1
 
Jadebenn wrote: Wed Jun 15, 2022 5:22 pm I find it doubtful. Often, companies like this will insist they're still solvent until the very last moment.

I think the best-case realistic outcome at this point is an XpressWest situation.
Sadly, it's reminding me of a zombie passenger company that has Boston in its name, despite not being in it's service area.
  by Gilbert B Norman
 
Mr. Scratchy, you have me "scratchin' head" on that one.
  by west point
 
I have to wonder if Texas Central thought it was going to loose the court case. I really thought they would loose especially after talking with some of my Texas college friends.

How are they are going to need to get financing?. With the FED raisiing interet rates TC might only be able to get short term easy money or money subject to esculator clauses.
  by Jadebenn
 
Optimistically, if they're not looking to sell, they might be in a "holding pattern" situation: Reduce the footprint to the minimum possible and wait until conditions improve. There is political risk to this strategy, though. The opponents - having lost in court - are likely to redouble their efforts in the legislature.

I thought they were going to lose the case too, so this was a pleasant surprise.
  by electricron
 
While there is a chance Courts may have surprising rulings on political issues, that rarely happens on legal issues. I always thought the trains would win the case based on legal issues.
The clause causing so much trouble was being misread by the lawyers opposing the train, using the date in the clause as a drop dead date vs its real purpose, being a grandfather date.
The Appeals and Supreme Court of Texas have ruled correctly per the legal issues.

Whether or not Texas Central can raise the $20 Billion to build and operate HSR remains unknown.
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