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Originally Posted by electricron
That's not quite truthful. They have raised the money to pay for the legally required environmental studies, and pay for the required pubic meetings about them.
It's difficult to sell securities for projects without the necessary government paperwork and permits approved. Even Brightline has faced the same difficulties before the permits are issued, yet seem to be able to sell the securities to build the sections of the rail corridor once the permits are in place. I don't expect Texas Central or anyone else to do better on that front. You have to first get all the foundations for a building in place before you can build the building.
While the process is slow, Texas Central has been accomplishing things in the proper order, step by step. Only time will tell if they will be successful.
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This is spot on. And it seems like they're truly gaining steam toward being successful, especially with regard to public attention. People are talking about it more, they want it more, and more folks are seeing the need for it. Of course, this doesn't equal dollars in many cases, but it isn't insignificant. Several landowners (not a majority, however) in between are even beginning to support it due to the benefit of more folks in the state. Good conversations are happening. I'm excited to see how all of this pans out, for sure.