“As that becomes available, that will make a huge impact, and we’ll continue to work with TxDOT, Hudson Oaks and Weatherford in consolidating the rest of the funding,” he said.
By the time the bond projects are complete and the new interchange is built, Riley said, the region will have accessed $25 million in state and federal funds.
The judge said he is often asked whether Parker County will initiate another bond program, and the answer is no.
“Parker County is not doing a bond election again,” he said. “We will use our resources — plus whatever I can get from partnerships, which include the state and region.”
In contrast with the Ric Williamson Memorial Highway, or Western Loop around Weatherford, which began construction at FM Road 51 north of Weatherford and progressed south, the Eastern Loop will start with the I-20 interchange — opening the interstate up for development — and head north.
Freese and Nichols has developed a preliminary schematic of the loop’s route, according to bond project updates, and is analyzing it with respect to traffic projections from the Texas Department of Transportation.
Engineers will present the proposed route to the court in the next few months, Riley said.