Texas Central Aims to be the Blueprint for U.S. High-Speed Rail

Texas high-speed rail investors are looking to form an entity that will develop train stations in Dallas, Houston and Grimes County near College Station, where the permitted high-speed rail line terminals will be located. The entity will be known as Texas High-Speed Rail Station Development Corporation (SDC).

SDC is independently owned by a consortium of Texas investors and separate from Texas Central. Cadiz Riverfront Holdings and Cadiz Development Houston LLC will form SDC, and be led by investor John Kleinheinz and Jack Matthews.

The group owns approximately 52 acres in the Cedars neighborhood just south of downtown Dallas, approximately 45 acres in Houston formerly known as the Northwest Mall and approximately 59 acres in Grimes County near College Station. The parcels owned by this group include the sites of the future Texas high-speed rail stations, as approved by federal and state authorities, and the surrounding developable acreage.

“Our high-speed rail project connecting Dallas and Houston will be as transformational to Texas as DFW Airport was to the region when it was opened in 1973,” said Kleinheinz. “Texas Central will be the blueprint for national high-speed rail, a solution for environmentally efficient transportation. As this first high-speed rail project comes online, Texas is positioned to lead in discussions about a national rail strategy with the local and federal stakeholders.”