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THEA Commits $767.7 Million to Strengthen Mobility, Modernize Operations, and Prepare Tampa Bay for Future Growth

The Tampa Hillsborough Expressway Authority (THEA) Board of Directors has unanimously adopted its Fiscal Year 2027-32 Work Program, committing $767.7 million to infrastructure, operations, technology, and community investments that will support Tampa Bay’s continued growth and future mobility needs.

The six-year program directs 83% ($635M) of funding toward enhancement and capacity projects, 15% toward preservation and rehabilitation, and 2% toward programmatic initiatives that position the agency for future investment decisions and system improvements.

The work program reflects THEA’s continued focus on building a modern transportation system that addresses regional growth, improves reliability, enhances customer experience, and preserves critical infrastructure assets for decades to come.

“Tampa Bay’s growth is creating new demands on our transportation system, and this work program is designed to stay ahead of that growth,” said Greg Slater, CEO and Executive Director of THEA. “This is a long-term investment strategy focused on mobility, operational reliability, technology modernization, and community connectivity. We are building the infrastructure needed today while laying the foundation for the next generation of transportation across our region.”

Guided by THEA’s Strategic Blueprint and a data-driven project selection process, the FY2027-32 Work Program advances the agency’s most significant infrastructure priorities while integrating next-generation technology, strengthening community assets, and preserving the performance of the expressway system.

Key Areas of Investment

Mobility and Capacity Improvements

Technology and Operational Modernization

Community and Connectivity Investments

Preservation and Long-Term Stewardship

Real Estate and Urban Connectivity

Long-Range Planning and Future Growth

The adopted program also reflects THEA’s continued commitment to disciplined financial stewardship and organizational efficiency. The plan includes a year-over-year 2.4% decrease in expenditures while continuing to advance one of the most ambitious capital programs in the agency’s history.

“This work program reflects a balanced approach to growth and stewardship,” said Vincent Cassidy, Chair of THEA’s Board of Directors. “THEA is continuing to invest aggressively in the projects and technologies our region needs while maintaining strong financial discipline and focusing on long-term system performance.”

Source: THEA Commits $767.7 Million to Strengthen Mobility, Modernize Operations, and Prepare Tampa Bay for Future Growth

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