Today's Trinity River Vote to Affect Dallas Real Estate Market

A hot issue in Dallas politics right now is the upcoming vote on whether or not to allow the proposed Trinity Toll Road to be built.

A number of Dallas residents oppose the project as they would prefer to keep the Trinity River area traffic-free, which seems like a good thing.

SO WHY THE OPPOSITION?

The problem is, though, that JPI, the developer that owns a large portion of land in the Trinity River area, has made its plans for major residential and office projects contingent upon construction of the toll road.

JPI Executive Vice President Jim Fadley has stated that he thinks voters' rejection of the toll road could call a halt to any such development, resulting in a net loss of hundreds of millions of dollars in lost tax revenue.

So what's a Dallas voter to do? Preservation versus progress, the old story. Well, come tomorrow, we'll know which way the vote went...then all we can do is to see how it plays out as far as affecting the value of local properties.

Photo from story  by Bill Zeeble at KERA News. Read Bill's full story as well as the article at BiginDallas.com for further clarification on the YES/NO stances.

Comments

[TP]

The idea of a toll road in West Dallas is stupid.

If the developer has the financial backing to develop his projects, then he needs to use that avenue and not go over board with his spending.

Furthermore, I'm pretty sure the reason he's asking for this toll road is because someone else is lining his pocket and he and this other person(s) would be getting a kick back or money under the table.

If he's sincere in wanting to develop the land he owns, then he'll develop whether or not there's a toll road.

[Bailey]

The analysis that you have done of the real estate market over the time period is very useful to forecast the upcoming growth trends in the real estate market. As you pointed out correctly, the real estate market was a bit slow to start of this year, but it is gradually gaining momentum. The Dallas Home Loans have also been more active by far.