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State approves $35 million for North Delaware Creek flood improvements, Irving says
Summary
Irving says the Texas Water Development Board approved $35 million in state financing for one of the city's largest flood-protection projects along North Delaware Creek; the city estimates the financing will save taxpayers more than $5 million over the life of the loan.
City reporting on City Source said the city of Irving received approval for $35,000,000 in state financing to advance improvements along North Delaware Creek, a major local flood-protection project.
According to the program, the Texas Water Development Board approved the financing, which city officials said will help the drainage channel carry storm water more effectively during heavy rains and reduce flood risks to nearby homes, neighborhoods and roadways. The city estimated the financing will save taxpayers more than $5,000,000 over the life of the loan but did not provide the loan term or repayment schedule on air.
The program did not present specific construction timelines or contractor information. Viewers were directed to city resources for further details on the project and public meetings.
