By SHELLEY KOFLER / KERA News
Fort Worth's riverfront plan  promises to create development on the Trinity that will double the size  of downtown. Just looking at access to  water - many experts' all-important requirement for riverfront projects -  you'd probably say Fort Worth's elaborate design hits a home run. It  creates a lot of new opportunities for recreation, and for living,  working or dining by the water. But at what cost? And can Fort Worth pull it off? Find out in part four of the KERA News series  Banking on the River. 
  
    While  the wild and sometimes dirty Trinity in Dallas is nearly deserted, it's  easy to find boaters gliding through waters near Fort Worth
    
    Just  west of downtown, instructor Dave Holl assigns kayaks to group members  who haul their boats down a steep 30-foot ramp. Then they drop into the  West Fork of the Trinity and head towards the Fort Worth skyline. 
    
    "Here it's scenic," Holl said. "It's a beautiful area. This  river has pretty much been completely, well almost redone by the Corps  of Engineers with the levees here. And where we are right now you can  see that everything is manicured. We will go through a few areas where  they've left the trees in a natural area."
    
    This stretch of the  Trinity looks like a canal as the river flows between grassy levees  built to protect the area from floods. In addition to boats on the  water, runners and cyclists speed along trails on top and around the  levees.
    
    The Fort Worth's Trinity River Vision Plan promises more  trails, boat docks, ball parks and white water rapids. That excites  kayakers like Holl. 
    
    "They'll put in a dam; it creates a  manmade rapid that has a lot of recreational value for kayaking (and) tubers," he said. "What I would hope is we have a lot more things like that."
    
    A lot of that new recreation is planned for Gateway Park, east of downtown. 
    
    The  Trinity River Vision's centerpiece - with the biggest price tag - would  be located just north of the business district where Dave and the  kayakers are headed.    That's  where the West Fork of the Trinity intersects with the Clear Fork. The  combined waters take a sharp turn to the south, then another to the  north, forming a tight U-shaped curve. What's planned for the property  near that curve would create an area for development as big as  downtown. 
    
    J.D. Granger is executive director of the Trinity River Vision Authority. 
    
    "We are going to go ahead and build a mile-and-a-half bypass channel 300 feet wide," Granger said.
    
    And  here's what that bypass channel would do: Remember the "U" created where  the river curves? Plans call for digging a channel across the open end  of that U. The mostly industrial property now surrounded by water would  become an island with its own lakes and twelve new miles of valuable  waterfront property. 
    
    Congresswoman Kay Granger envisioned  development along the Trinity when she was Fort Worth mayor in the  1990s. As executive director of Trinity Vision, her son J.D. Granger said planners  studied projects across the country and patterned this one after  Vancouver and the Riverwalk in San Antonio. 
    
    "It will  be a waterfront that you can dine on the edge," he said. "You can live on the  edge. You can have your children running next to the water's edge."
    
    Granger  said the bypass channel will replace the 30-foot levees that now  protect from flooding. A complex system of gates and dams will redirect  any high waters away from the new waterfront. With the levees down  there will be easy access to a canal system with boats and water taxis  traveling between the Fort Worth Stockyards and downtown. 
    
    Trinity Vision supporters also like the idea of replacing aging industrial properties with waterfront condos and shops - but that's where it starts to get a little messy. 
    
    Ray  Knoderla is part owner of Rick and Ray's Auto Repair. He claims Trinity  Vision managers are condemning neighborhood property they don't need  for flood control, and preventing current owners from making big money  once the bypass is built.
      
    "If half my property is used for  the street and I still have another half an acre that could be used for  what I see fit, then fine, buy half my property and use it for the street  and allow me to use the rest of the property to develop myself," he said.
    
    Ray  doesn't think his property's targeted, but we talked to four  other owners who claim they're being fleeced by project managers  condemning property. Trinity Vision said it's only taking properties  for necessary infrastructure - and it is paying fair-market value.
    
    Then there's the issue of cost.  In five years, the project cost has jumped from $360 million to more than $900 million. 
    
    Former Fort Worth Council member Clyde Picht believes the budget will grow bigger. 
    
    "It is close to a billion dollars, and will probably be $2 or $3 billion  if it is done the way it's been advertised," Picht said. "I just don't think the  public can afford to put that kind of investment into a private  development. The flood control is there to make it developable - not  because we need flood control on the Trinity River."
    
    Former  Republican County Chair Steve Holleran, an accountant, points to high-end condos near downtown that sit vacant - and questions whether there's  a market for more on the water. 
    
    "The high-end condos  have been overbuilt," Holleran said. "You're talking about putting properties in there  that the average citizen is not going to be able to afford. A lot of  developers that have high-end projects - I'm talking about a half  million to million dollar condos- in the city right now are having  trouble moving them." 
    
    J.D. Granger explains the  soaring price tag by saying the project was expanded to add recreation  at Gateway Park. And for naysayers who believe there's not  enough money to build the project, Granger asks them to be patient. He believes  in a decade or so when Dave Holl kayaks downtown, he'll be able to park  his boat at the edge of a new riverfront community. 
    
    Financing is still iffy, however. About half the financing for the project is expected to come  from the federal government; Granger acknowledges some of that funding  may be delayed. Another third of the money is expected to come through  a tax-increment financing district. As developers improve the value of  the riverfront property, the increasing property taxes collected will  go back into the project to pay for it. But the recession is expected  to slow development as well as that revenue. So, Granger has extended the  number of years for collecting the TIF money from 25 to 40 years. He  said the economy may slow down the project, but it will still be  built. 
    
    To learn more about water in our region visit our new website, trinityrivertexas.org.
(This story originally aired on KERA-FM on November 20, 2009.)