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Report: MOTRAN leveraging program with MDC, ODC provides dividends to residents

Posted on October 11, 2018

In the Midland-Odessa area, leveraged projects are allowing for upgrades to Loop 338 in Odessa to facilitate truck traffic around the city and the expansion of Yukon across town to provide relief from congestion on 42nd Street. In Midland, leveraged projects have accelerated the completion of Loop 250 by nearly 20 years.

Last month, the Texas Transportation Commission approved revisions to the 10-year, Unified Transportation Plan (UTP).  Key additions approved in the UTP for Midland and Odessa included:

Midland

–Construction of a new overpass/interchange at Loop 250 and CR 1140 *

–Construction of a new overpass at I-20 and Midkiff  Road *

–Funding for additional improvements along SH 349/FM 1788 from I-20 to SH 191

Odessa

–Improvements (lighting and signals) at the intersection of Loop 338 and 52nd/56th streets *

–Signals at Yukon and West Loop 338

–Construction of a new interchange/overpass at SH 302 and West 8th Street *

–Construction of a new overpass at Yukon and SH 191

–Construction of a new interchange/overpass at Faudree Road and BI-20 *

Projects above noted with an asterisk were part of local leveraging efforts by the Midland and Odessa Development corps., as part of a plan developed by MOTRAN to attract additional state resources for transportation infrastructure improvements in the Midland-Odessa area.

“We had discussions with our board about the ability to utilize some local dollars to leverage additional state funding for critical projects in the area,” MOTRAN President James Beauchamp wrote. “We began laying out the model and having some initial discussions, but it wasn’t until a meeting with the Midland Development Corp. and MDC Chairman Brent Hilliard that the program really took off.”

Beauchamp said that “having that initial buy-in and funding source to leverage these projects was critical.”

The Midland Development Corp. voted to leverage up to $15 million over the next decade, and soon afterward, the Odessa Development Corp. leveraged $15 million. The commitment of those funds gave the Texas Department of Transportation the justification to begin advancing development and planning of projects that otherwise would not have occurred.

Since 2017, roughly half of the initial $30 million in local leverage funds have been fully committed. Those commitments have helped bring about an additional $121.2 million in state funding for Midland-Odessa roadway infrastructure. To put that in perspective, the Midland-Odessa area was only programmed to receive around $173 million in funding for new projects during the 10-year 2017-2026 Unified Transportation Plan.

“That’s a 70 percent increase,” Beauchamp wrote. “With the sort of growth we have seen in the region and particularly Midland and Odessa, I don’t know that we will catch up with our growing needs anytime soon, but without the support of MDC and ODC, and in particular, Brent Hilliard and Odessa Mayor David Turner, I can tell you we would be a lot further behind.”

Since 2017, MOTRAN has helped lead the way in bringing a total of over $181 million to the central Permian Basin.  “Leveraging works,” Beauchamp wrote. “As we look at over $15 million in funding for improvements directly from sand mining companies that are coming to the area, I think our leveraging model has been very appealing and has spanned both public and private entities that want to see projects get done and sooner rather than later.”

In the Midland-Odessa area, leveraged projects are allowing for upgrades to Loop 338 in Odessa to facilitate truck traffic around the city and the expansion of Yukon across town to provide relief from congestion on 42nd Street. In Midland, leveraged projects have accelerated the completion of Loop 250 by nearly 20 years.

Source: Midland-Odessa Transportation Alliance (MOTRAN)

https://www.mrt.com/eye_on_development/article/Report-MOTRAN-leveraging-program-with-MDC-ODC-13232909.php#photo-14413231