Texas high-speed rail investors form station development company

Texas high-speed rail investors intend to form an entity that will develop train stations in Dallas, Houston and Grimes County near College Station, where the permitted high-speed rail line terminals will be located.

To be known as the Texas High-Speed Rail Station Development Corp. (SDC), the entity will be independently owned by a consortium of Texas investors and separate from Texas Central.

Cadiz Riverfront Holdings and Cadiz Development Houston LLC will form SDC and be led by John Kleinheinz and Jack Matthews. The group owns approximately 52 acres in the Cedars neighborhood just south of downtown Dallas; approximately 45 acres in Houston formerly known as the Northwest Mall and approximately 59 acres in Grimes County near College Station.

The parcels owned by this group include the sites of the future Texas high-speed rail stations, as approved by federal and state authorities and the surrounding developable acreage.

Texas Central is moving toward a consensus on how to finance its technology deployment along the Dallas/Houston corridor, said Kleinheinz in a press release.

"These station assets will be an integral part of the system when financing for the Tokaido Shinkansen system is finalized," he said. "If a solution involving the Shinkansen system cannot be reached, our station sites will be used to make sure high-speed rail comes to Texas and integrates with the rest of the nation, using the best technology offered."

Texas Central is pursuing a project to build and operate a high-speed rail system along a dedicated corridor between Dallas and Houston. The system would use Central Japan Railway Co.’s Tokaido Shinkansen high-speed rail technology.