FUNDING ANNOUNCEMENTS AND ISSUES

SH 121 - Funding:

The $200 million, 17 mile, SH 121 project is in the process of being funded. The funding for this project represents a collaborative effort by the affected cities (Grapevine, Coppell, Lewisville, Carrollton and The Colony) and Denton County to provide monies to support this project. The local funding provides monies to leverage additional State and Federal funding (through coordination with the North Texas Council of Governments and TxDOT) to bring this project to reality much sooner than originally planned. The funding mechanism also makes use of the State Infrastructure Bank which was created by federal legislation in the early 1990's for use in helping local agencies advance critical projects and implement them sooner than expected. Through these innovative financing techniques, the combined efforts of Denton County, the affected Cities, TxDOT and use of the State Infrastructure Bank have moved this project ahead of schedule by at least 10 years.

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