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When will construction
begin? |
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Will all segments be under
construction at the same time? |
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Yes, construction will begin when right of way acquisition,
utility relocation and design are complete.
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How much will this project
cost? |
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The project will cost approximately $52 million. The city of
Weatherford will contribute an estimated $7-10 million.
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Will I have to pay a toll? |
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No. Motorists will not pay tolls. TxDOT, not the motorist,
will reimburse the city of Weatherford through an agreed-upon fee based on the
number of vehicles using the highway; hence the "pass-through" financing.
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Who will develop this
project? |
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Weatherford will design, build and inspect the roadway. They
will also coordinate public involvement in the process.
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Why use pass-through toll
financing? |
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This is a win/win project for Weatherford and TxDOT. With
pass-through tolling, construction can be completed sooner than with traditional
funding. Pass-through tolling accelerates projects by allowing the debt to be
paid off over time. Because the money is not needed all at once, it frees those
funds to be used elsewhere.
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Is pass-through toll
financing new? |
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Yes, this is a new funding tool that brings projects to
construction years ahead of schedule. Weatherford is the
first city in North Texas to use it and the second in the
state. This tool allows local government agencies to take
the lead in funding and constructing needed transportation
improvements.
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Why these highways? |
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From 1990 to 2000, Weatherford's population grew by about 34 percent. Parker
County grew approximately 46 percent. Growth and economic development along
I-20, SH 171/FM 51 and FM 2552 prompted Weatherford to pursue this new funding
source. Traditional funding would have caused these projects to languish for
many more years under a growing economic burden.
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125 East 11th Street . Austin, Texas 78701 
