Mike Heiligenstein has a lot to talk about with regard to the future of infrastructure in Texas. This includes the toll roads such as State Highway 130, a bypass around Austin as it is so congested now and the pay-for-use arrangement for the Eagle Ford Shale.
According to Crunchbase, Mike Heiligenstein talks about State Highway 130. He says that there will be increased demand over the next 20 years. Hence I 35 simply cannot meet that increased demand. Besides, there are places like the Colorado River where no more lanes can be added to the existing footprint. Even the neighborhood is not keen on it.
He stated that the traffic from San Antonio to Austin is mainly local. Hence the need is to add to capacity and change travel behavior so that people start moving towards SH 130. This is a long-term plan, and there is an increase in demand for trucks and cars in the Austin area.
Mike feels that just having toll roads will not be enough to resolve the issue. All the options are required in order to make it convenient to all. He also stated that public money is being used and it has already moved beyond $1 billion which is being used in construction. Hence no tax money is being used now. Learn more about Mike Heiligenstein: https://www.linkedin.com/in/mikeheiligenstein
This is why the investor community is doing due diligence on all the projects of CTRMA before investing. They are happy with everything till now. The last IPO of CTRMA was worth over $300 million, and it was oversubscribed by nearly ten times by the investor community. CTRMA got nice rates and its bond rating also improved.
Investors are now looking at Austin as well as San Antonio as these are being projected for the long term, sustained growth. This is why it is time to build for the future.
There can be toll-type tags for Eagle Shale. These can be used to charge trucks that use the county roads. This is because county roads do not have the structural integrity that is required for withstanding this kind of weight as well as demand.
There can be another option of creating a zone where production gets linked to a tax increment finance tool. This is because the Department of Commerce in Texas requires financial assistance for these counties.
This way the Central Texas Regional Mobility Authority is completely geared up for overcoming all the issues to be faced in the future in Travis as well as Williamson counties.