Trinity River Vision Authority Awarded $17.4 Million

FORT WORTH (Fort Worth Business Press) – The Army Corps of Engineers has awarded $17.4 million to the Trinity River Vision Authority (TRVA) to complete remaining design of planned projects in the Panther Island development and begin construction.

This was the first money released by the federal government for the TRVA since 2010, said TRVA spokesman Matt Oliver.

The City of Fort Worth, Tarrant County, Tarrant Regional Water District, Trinity River Vision Authority and the TRVA tax increment finance district have fully funded their $422 million share of the $909 million project.

Project officials are still seeking $396 million in nonlocal funding, including $373.5 million from the federal government.

The $17.4 million will go to “valley storage” projects, flood control basins along the river.