Despite local authorities hopes for more than $30 million, the U.S. Army Corp of Engineers will not be designating new funding for the Panther Island redevelopment project along the the Trinity River.
The Panther Island Project in Fort Worth has been issued an additional $1 million by the Tarrant Regional Water District. This comes just days after reports that the project could still be in its design phase.
The Tarrant Regional Water District approved funding on Tuesday for the beleaguered Panther Island flood control project through a short-term 'commercial paper' instrument.
The longstanding flood control project for the Trinity River is running low on funding according to TRVA's board president.
The Panther Island flood control project in Fort Worth has remained a poster child for government boondoggles. A recent assessment has done little to assuage those concerns.
