Since its former CEO left in June, the company has said it is securing financing, but shown little other signs of life, beyond a July 8 statement after the Texas Supreme Court affirmed its right to use eminent domain to acquire property.
last week filed a letter that in many ways labels Texas Central Railroad the little engine that will never be.“Granted, Texas Central appears to be doing things,” attorney Patrick McShan said in the letter sent to the company on Sept. 29. “But none of the things Texas Central is now doing suggest in any manner whatsoever that it does, in fact, intend to construct the project.”
The planned rail line, once touted as mere months from construction, now is more paperwork than planning. Since its , the company has said it is securing financing, but shown little other signs of life, beyond a July 8 statement after the Texas Supreme Court affirmed its right to use eminent domain to acquire property.“Texas Central has made significant strides in the project over the last several years and we are moving forward on a path that we believe will ensure the project’s successful development,” the company said then.
The company never has applied for any construction permits related to construction of the line, though it has certain federal clearances.“We believe Texas Central has not filed, nor will it ever file, an application for a construction permit for two reasons,” McShan wrote. “One, Texas Central does not want to make these required financial disclosures; and two, it knows that if it did make these disclosures its application would be summarily denied.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New ERCOT CEO's first priority is restoring trust. Fixing the grid is more complicated.Vegas was named CEO in August, replacing interim CEO Brad Jones, who took the helm after...
Read more »
JPMorgan CEO Jamie Dimon isn't impressed with remote work - Phoenix Business JournalWhen it comes to remote work, the leader of one of the largest investment banks in the country told business leaders he's ready to cancel the Zoom calls.
Read more »
Crypto Futures Exchange BitMEX CEO: Expect an Exchange Token ‘This Year’Expect a launch of a bitmex token this year, the crypto futures and spot exchange's CEO, AlexHoeptner, said. thesamreynolds reports
Read more »
Credit Suisse has strong capital base and liquidity -CEO memo By Reuters*CREDIT SUISSE HAS STRONG CAPITAL BASE AND LIQUIDITY - CEO MEMO - CreditSuisse 🇨🇭🇨🇭
Read more »
ERCOT’s new CEO: You shouldn’t even have to think about Texas’ power gridNew ERCOT CEO Pablo Vegas starts work Monday overseeing Texas’ beleaguered electricity grid, aiming to make it so reliable that Texans don’t think about it,...
Read more »
Leading SA: San Antonio Food Bank President, CEO discusses Hurricane Ian relief effortsThe east coast continues to feel the impact of Hurricane Ian as much destruction was left behind; some local organizations are stepping up and helping out.
Read more »