This week we’re celebrating the one-year anniversary of SH 130 Concession Co.’s emergence from Chapter 11 bankruptcy protection under new ownership, new senior management and with $260 million in new financing.
Bankruptcy is never a good thing, but the reorganization gave SH 130 the fresh start and financial resources that the company and project needed to move forward and better serve our customers.
One year in, we’re proud of all that we’ve accomplished and excited about several new initiatives in the pipeline.
We’re more than half way done with the $60 million reconstruction project we announced last fall, a project that has grown to an $80 million investment due to bridge and slope work at Boggy Creek that was not included in the initial scope of work. An unusually wet winter caused minor construction delays, but we are quickly catching up.
We’ve made numerous safety improvements to the roadway including better signage and new rumble strips along the frontage roads. We’ve organized two regional safety summits with public safety agencies, first responders and elected officials from along the SH 130 Corridor and collaborated on a Strategic Highway Safety Plan aimed at reducing the number of serious accidents on the US 183/SH 130 frontage road system by half.
We’ve rebranded with a new logo more befitting an independent, Texas company and launched a new, more user-friendly website to make it easier for drivers to find important, up-to-date information about the roadway.
It’s been an eventful year, and we’re not slowing down.
In the coming months you’ll be hearing more about additional investments and improvements the new owners of SH 130 Concession Co. are planning to further improve the roadway, open the facility to more types of traffic, reward frequent users and make it easier for drivers of all types to access the southern section of SH 130.
We thank our customers for their patience this past year as we’ve worked to improve the driving experience along SH 130. We thank local community leaders, public safety officials and first responders for their willingness to work with us to continuously improve safety along SH 130 and the frontage roads.
Finally, we thank all of our employees for their hard work and professionalism during two years of uncertainty and transition. SH 130 Concession Co. is now in a much better place with our best years yet to come.