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Port leaders warn reserves are strained as major capital projects continue; TxDOT, federal funding and private partners eyed
Summary
Port trustees reported large ongoing capital spending that has reduced reserves, described expected debt-service obligations beginning in 2026, and discussed using state and federal grant matches, private partners and bond proceeds to complete West End work, dredging, and a pedestrian walkover that has a multi‑million‑dollar shortfall.
Port trustees and staff told a joint City Council–port meeting that the port has spent a large portion of its reserves on recent capital projects and faces increased debt service in coming years while managing multiple construction projects.
"This year alone we have spent pretty much all of our reserves with matching on the TxDOT project and also paying out of pocket the whole FEMA project," Port Director Roger Reese said. He said the port currently projects year-end cash on hand of roughly $10 million, which he called "an uncomfortable amount." Reese and trustees warned that debt service of about $18 million begins in 2026, and trustees said a prudent operational reserve policy could require an additional $20–$25 million to hold one year of debt service and operations above the…
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