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7. Case Study
TRZ –Eastlake Boulevard Extension Phase 2
- Town of Horizon City, Texas. Small size community. The city uses revenues generated by the Town of Horizon City Transportation Reinvestment Zone No. 2 as a financing mechanism to partially fund the Eastlake Boulevard Extension Phase 2 project.
- The Eastlake Boulevards Extension Project was critical for the Town, as it significantly improved the Town's access to I–10 and connectivity to the City of El Paso, as well as to its neighboring City of Socorro.
- The project consisted of building a new six lane roadway, the project cost was $16.7 million. The Town of Horizon City was responsible for paying $3.8 million.
Source: Utilizing TRZs: Town of Horizon City Eastlake Boulevard Extension Phase 2. Presentation by Teresa Quezada at the FHWA EDC–5 Texas Peer Exchange. Austin, Texas (2019).
Opportunities
- Horizon City used the TRZ value capture technique to negotiate a unique funding and development agreement with other local entities to make the project happen.
Challenges
- Internal challenges:
- Introducing new funding concept to policymakers. Continuous communication between policy makers and key municipal staff.
- Determining TRZ size. Local officials and financial staff working together to determine TRZ size.
- External challenges:
- Coordinating with external partners. Designate a team to lead those discussions.
- ROW acquisition. Work with property owners as early as possible.
- Changes in Property Designation. Be prepared!
FHWA Contacts
Thay Bishop
Center for Innovative Finance Support
Thay.Bishop@dot.gov
Stefan Natzke
Office of Planning, Environment, & Realty
Stefan.Natzke@dot.gov
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