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Market Valuation For Southwest Parkway (TxDOT)/Chisholm Trail Underway An important step was taken to advance another critical mobility project for north Texas.
Leaders from the North Texas Tollway Authority (NTTA) and the Texas Department of Transportation (TxDOT) met on April 22 to begin the market valuation process for the TxDOT sections of Southwest Parkway (Altamesa to FM 1187) and Chisholm Trail (FM 1187 to U.S. 67).
When complete, Southwest Parkway (TxDOT)/Chisholm Trail will be a 19-mile extension of Southwest Parkway that will extend from Altamesa Boulevard in Tarrant County to U.S. 67 in Johnson County. This would offer an alternate north-south route to and from Fort Worth.
Market valuation is the process through which the local toll project entity has the first right to develop a toll project in its service area after working with TxDOT to determine the project’s value using various financial assumptions, including toll rate, toll escalation rate and traffic projections.
Negotiations continue as the two agencies work to agree on a set of business assumptions that could be used to determine the developer of the project.
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