I predict that within a year we will be reading stories about a massive shortfall in revenue from the Katy Tollway. The Katy Freeway project will be completed very soon, with a configuration of two tolled lanes and five free lanes in each direction. I am looking at the picture above and doubt that even during the morning rush there will be enough rich lawyers willing to pay the tolls in order to get downtown.
The tolled lanes are supposed to pay for the increased cost of the project. The freeway would have taken an additional 4 years to complete, but with the HCTRA coming on board a big chunk of extra cash became available to speed things up.
I expect some antsy bondholders, and a further increase in tolls on the Sam.
(Photo from Erik Slotboom's site.)