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Posted: Monday, 10 September 2007 5:52PM
KRLD News Radio 1080
Dividing Up Billions Of Dollars
We now have an idea how the Regional Transportation Council would like to divide the billions of dollars in up-front money from the State Highway 121 project.
The 2.5-billion dollars is money the North Texas Tollway Authority promised to win the lucrative contract to run the State Highway 121 toll road. In documents filed by the RTC there are two options the staff is recommending for dividing that money. As part of those options Mike Morris of the Council of Governments says Collin County gets as part of this agreement the completion of 121, the DNT 121 interchange and the 75 121 interchange.
And because of that Collin County is already raising concerns. Judge Keith Self tells KRLD the construction costs of 121 in Collin County do not come out of the concession fee even though those are the figures NTCOG is using. They are over and above the concession fee.
These are options that are subject to change. The Regional Transportation Council will take it up Thursday.
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