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    Train Ride

    High-speed train from Dallas to Houston gets new boss and chunk of cash

    Teresa Gubbins
    Jul 22, 2015 | 10:00 am
    Central Rail high-speed bullet train rail
    The Texas Central Railway high-speed train will connect DFW and Houston.
    Photo courtesy of JR Central

    The high-speed passenger railway between Dallas and Houston has a new boss and an infusion of funding.

    The Board of Directors of Texas Central Partners (Texas Central) has appointed Tim Keith of Dallas as the new CEO for the organization, effective immediately.

    Texas Central also announced the closing of a round of development funding that brings $75 million dollars in new capital, all from Texas-based investors into the company. The offering was oversubscribed and the funds will be used to support ongoing development activities.

    Texas Central is the private, Texas-based and Texas-led development company that will construct and operate Texas’ first high-speed passenger railway between North Texas and Houston as well as the terminal stations and surrounding development.

    As CEO, Keith will be responsible for leading all aspects of the system’s finance, development, construction and eventual operations. He will also develop and implement Texas Central’s vision for high-speed rail in Texas and serve as the primary interface between internal operations and external stakeholders.

    Keith was selected from a number of potential candidates because of his nearly 25 years of financial and operational experience in large real estate and infrastructure projects.

    He was formerly the Global Chief Executive Officer of RREEF/Deutsche Bank Infrastructure Investments, where he managed the worldwide operations of the firm’s infrastructure funds management businesses. He had a 10-year career with RREEF/Deutsche Bank, a New York-based global alternative asset management firm, where he held various senior executive positions and served on the firm’s Global Executive Committee.

    Keith previously co-founded HKS Capital Advisors where he served as its chief investment officer. He was also an executive at Hunt Realty Investments where he helped found, grow and sell Meridian Industrial Trust.

    The Texas Central board is comprised of chairman Richard Lawless, Robert Eckels, John Kleinheinz, Jack Matthews and Melvin Richmond.

    In a statement, Lawless described Keith as the ideal person for the job.

    "Over the last five years we have focused on selecting the city pairs, building the team of advisors, and starting the regulatory review," he said. "Tim is the perfect person to lead the project into the next phase. Under his leadership, we are confident Texans will soon be traveling from Houston to Dallas in less than 90 minutes on a privately-developed transportation solution."

    Texas Central Railway (TCR) is the independent company formed in 2010 to promote the adoption of high-speed rail in Texas. It will continue its efforts related to the regulatory process — including the ongoing Environmental Impact Statement — in close coordination with Texas Central.

    Dallas Mayor Mike Rawlings noted that "investors from our own Texas communities have determined that private high-speed rail is not only needed, but it’s worthy of their financial investment."

    Houston Mayor Annise Parker called it "an exciting project" for Houston, Dallas and Texas. "After riding the train in Japan and witnessing its success there, it is great to see confidence in the project from Texas investors," she said.

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    License Plate News

    Dallas car buyers get metal license plates stat under new Texas law

    Teresa Gubbins
    Jun 10, 2025 | 2:35 pm
    Texas license plate
    DMV
    Texas license plate

    A new state law will go into effect in Texas that makes it easier for car owners to get permanent metal license plates: The new law, House Bill 718, was actually passed by the 88th Legislature in 2023, but it goes into effect on July 1, 2025. It will allow car dealers to begin issuing metal license plates directly when they sell a car, whether it's new or used.

    In the previous needlessly elaborate process, new car owners would receive a temporary paper license, and then apply for metal license plates. The new law will eliminate that requirement, allowing car buyers to get metal license plates when they purchase a car from a dealer.

    The new law arose out of the huge imbroglio over temporary paper tags, which were designed to be used on a temporary basis while car buyers waited to receive their permanent plates. But scammers were obtaining car dealer licenses, then printing up hundreds of thousands of temporary paper tags and selling them to people hoping to avoid paying for insurance and car registration.

    The paper tags gave Texas a black eye because they became a crime problem not just in Texas but nationally, turning up on cars involved in crimes in Texas, New York, and beyond. In a 2021 investigation, the FBI found more than a half-million fraudulent paper tags, sold by just three people to buyers across the country.

    Bill 718 was initially designed to go into effect in September 2023, then March 2025, but the final bill bumped the deadline back to July 1, 2025. That's thanks to The Texas Independent Automobile Dealers Association, who were "concerned" about having an adequate supply of metal plates in such a short time frame. Let's hope they got it together!

    The new rules are as follows:

    Buying from a Dealer: Consumers purchasing a vehicle from a Texas dealer will receive metal license plates instead of paper temporary tags, driving off the lot with their plates already in place.

    Until their registration sticker arrives from their county office, customers must keep their buyer’s plate receipt in the vehicle to be able to verify the purchase and pending registration to law enforcement.

    Trading In a Vehicle: When consumers sell or trade in a vehicle with general issue plates, dealers may transfer the plates to another vehicle sold within 10 days, if the plates match the appropriate vehicle type, per Senate Bill 1902, passed by the 89th Legislature this year. (Consumers with specialty license plates will keep their plates.)

    Buying/Selling a Vehicle in a Private Sale: The private party sales process remains unchanged: Sellers should remove their license plates and registration sticker from the vehicle when they deliver the vehicle to the buyer. The seller can request to transfer the plates to another vehicle they own—if appropriate for the vehicle type—by visiting their county tax assessor-collector's office.

    Sellers should submit a Vehicle Transfer Notification to the Texas Department of Motor Vehicles within 30 days of the sale of the vehicle.

    Buyers must submit a title and registration application at their county tax assessor-collector’s office and obtain new plates to register the vehicle in their name within 30 days of purchase.

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