The SH 249 System (the “System”) consists of Segment 1 that will run from FM 1774 in Pinehurst, Montgomery County, to FM 1774 near Todd Mission, Grimes County. The System, which is currently under construction, will be approximately 15 miles and provide a nonstop alternative to the rural roads in the area. The System is anticipated to be open to traffic in 2021.

SH 249 improves overall mobility and accessibility within the tri-county area (Harris, Montgomery, and Grimes counties) by linking growing suburban communities with major roadways and addressing:

  • Inefficient connections between suburban communities and major and minor roadways
  • Increasing demand from population and economic growth in the area
  • Growing safety concerns from increased congestion and emergency evacuation, such as hurricane evacuation

SH 249 System Bond Series Currently Outstanding

Series CUSIP Base No. Par Amount Issued
Fitch

Moody's

S&P
Official Statement
2019-A
88283NA $236,456,954 Not rated Baa3 Not rated
2019-B
88283NB $12,795,000 Not rated Baa3 Not rated

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