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Dallas/Houston Bullet Train Under Review
A proposed Dallas-to-Houston bullet train could generate between $3.3 billion and $4 billion in property tax revenue for Fort Worth and Arlington between 2035 and 2050.
The Dallas Business Journal reports that a new study by AECOM finds that a Fort Worth station along the high-speed line could result in $1.2 billion in annual spending and 19.4 million square feet of new commercial development at full system buildout. Hotel tax revenue could grow to about $84 million annually and sales tax could rise to $12 million a year. Similar numbers were anticipated for Arlington.
Transportation leaders have long touted the Dallas-to-Houston high-speed rail development as a way to ease projected population growth and traffic congestion headed to the region. The project is expected to cost $30 billion.
A number of organizations would have to join in agreement before pursuing the state’s biggest public works projects ever.
- ◦Development
