TRANS-TEXAS CORRIDOR RIGHT-OF-WAY ROYALTY PAYMENT FEASIBILITY

The Trans-Texas Corridor is a proposed new tolled multimodal transportation system 4,000 miles long across Texas. The 1,200-ft-wide right-of-way (ROW) required is significantly more than that for previous transportation projects. Recent legislation (HB 3588) permits the Texas Department of Transportation (TxDOT) to offer landowners in the corridor ROW a "corridor participation payment"--a portion of the revenue to be derived from the corridor, for "an interest in real property or a real property right." Such payments (termed "royalty payments" when this research project commenced) are a completely new approach to procurement of ROW for transportation corridors in the United States. This report presents the results of research on the feasibility of paying for ROW for the Trans-Texas Corridor with toll revenues. It includes results presented in previous products of this research project, namely: P1 -- an assessment of Trans-Texas Corridor ROW acquisition issues, P2 -- an analysis of the financial feasibility of paying for ROW with toll revenues, P3 -- a study of landowner response to the ROW royalty concept and alternatives, P4 -- a financial analysis of alternative deferred payment options, and P5 -- royalty payments plans and financial outcomes.

• Record URL:
  • https://library.ctr.utexas.edu/ctr-publications/0-4808-1.pdf
• 
• Supplemental Notes:
  • Report Date: November 2003; Revised: June 2004.
• Corporate Authors:

  University of Texas, Austin

  Center for Transportation Research, 3208 Red River Street
  Austin, TX  United States  78705

  Texas Department of Transportation

  Research and Technology Implementation Office, P.O. Box 5080
  Austin, TX  United States  78763-5080

  Federal Highway Administration

  1200 New Jersey Avenue, SE
  Washington, DC  United States  20590
• Authors:
  • Persad, K R
  • Bansal, S
  • Mazumder, D B
  • Bomba, M C
  • Machemehl, R B
• Publication Date: 2004-6

Language

• English

Media Info

• Features: Appendices; Figures; References; Tables;
• Pagination: 164 p.

Subject/Index Terms

• TRT Terms: Alternatives analysis; Feasibility analysis; Financial analysis; Landowners; Property acquisition; Real property; Revenues; Right of way (Land); Toll roads; Tolls; Transportation corridors
• Uncontrolled Terms: Deferred payment; Royalty payments
• Geographic Terms: Texas
• Subject Areas: Economics; Finance; Highways; Society; Terminals and Facilities; I10: Economics and Administration;

Filing Info

• Accession Number: 00987610
• Record Type: Publication
• Report/Paper Numbers: FHWA/TX-04/0-4808-1,, Research Report 0-4808-1
• Contract Numbers: 0-4808
• Files: TRIS, USDOT, STATEDOT
• Created Date: Mar 2 2005 12:00AM