July 13, 2016 - San Antonio Business Journal
Navigating right-of-way for land development can be like drawing blood from fiercely independent landowners. But a San Antonio technology startup is banking that it has cracked the code to prying some surface rights from Texans by borrowing a concept familiar to them — royalties, not eminent domain.
Oil and gas companies routinely knock on doors of Texas ranchers and cattle owners to offer mineral royalties in exchange for leasing surface rights to conduct deep drilling operations. But instead of a heavy industry use, these surface rights would be for a clean technology powered bullet train that runs inside an above ground pipeline structure and offer profit dividends.
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Transonic Transportation LLC is a technology startup in San Antonio that is exploring an… more
A bullet train building startup called Transonic Transportation LLC that recently relocated to San Antonio from its roots in Louisiana has its eye on an alternative to the Lone Star Rail project — a commuter train line that would connect downtown San Antonio to the urban core of Austin along the I-35 corridor that's been abandoned by Union Pacific after a deal fell through.
Read more: http://www.bizjournals.com/sanantonio/news/2016/07/13/exclusive-making-way-for-bullet-trains-sa-startups.html
Navigating right-of-way for land development can be like drawing blood from fiercely independent landowners. But a San Antonio technology startup is banking that it has cracked the code to prying some surface rights from Texans by borrowing a concept familiar to them — royalties, not eminent domain.
Oil and gas companies routinely knock on doors of Texas ranchers and cattle owners to offer mineral royalties in exchange for leasing surface rights to conduct deep drilling operations. But instead of a heavy industry use, these surface rights would be for a clean technology powered bullet train that runs inside an above ground pipeline structure and offer profit dividends.
Enlarge
Transonic Transportation LLC is a technology startup in San Antonio that is exploring an… more
A bullet train building startup called Transonic Transportation LLC that recently relocated to San Antonio from its roots in Louisiana has its eye on an alternative to the Lone Star Rail project — a commuter train line that would connect downtown San Antonio to the urban core of Austin along the I-35 corridor that's been abandoned by Union Pacific after a deal fell through.
Read more: http://www.bizjournals.com/sanantonio/news/2016/07/13/exclusive-making-way-for-bullet-trains-sa-startups.html