Work on the much-anticipated Cane Island Parkway could begin as soon as November, according to Katy City Administrator Johnny Nelson. This initial phase of the parkway is projected to run north from I-10 to Highway Boulevard in Old Town Katy. Eventually, the parkway will be extended northward to Morton Road, said Nelson.
“This is a pretty big deal, and we’re ready to get things moving,” he told The Katy Times. “We could break ground as early as next month.”
The Katy Development Authority recently awarded the contract for paving and draining improvements for the parkway to Allgood Construction of Stafford, the low bidder. The $1.45 million contract will be funded from Katy’s share of sales-tax revenue collected by the Metropolitan Transit Authority (METRO).
Those funds come through an agreement with METRO that returns a half-cent on each penny of sales tax collected inside the Katy city limits. The city is using the METRO funds to widen Katyland Drive, and future plans are to use the money for improvements to Morton Road and Franz Road.
The Katy City Council approved a construction plan for Cane Island Parkway four years ago, but the project has been on hold awaiting federal action on an overpass and ramps at I-10. That federal approval has now been received, said Nelson.
In the initial plan, the Texas Department of Transportation would pay half of the $7 million project and the City of Katy would put in another $1 million. The plan’s remaining $2.5 million would be paid by Parkside Capital, the land developer.
TxDOT’s improvements would include construction of an overpass, westbound and eastbound entrance and exit ramps and conversion of the two-way frontage road on the south side of I-10 to a one-way eastbound frontage road from FM 1463 to Pederson Road.