Houston park moves forward on innovative land bridge project

tunnel of sustainability

Work has begun on a crucial part of the Land Bridge. Rendering courtesy of Nelson Byrd Woltz

Few things get local greenspace lovers more hyped than the upcoming improvements and beautification of our beloved Memorial Park — which is currently undergoing a major transformation. While many of the updates and facelifts are years off, one of the most innovative ventures has reached a new milestone in the much-anticipated Land Bridge and Prairie project.

Installation of the first tunnel arches has started as of December 9, according to the Memorial Park Conservancy. Marked by two separate, 35-foot tall mounds, the Land Bridge will serve as a major connector for park users and wildlife between the north and south sides of the park, Additionally, it will offer new gathering spaces with scenic views of Houston and the project's expansive prairie network.

Once the project is completed, vehicular traffic will traverse a new alignment of Memorial Drive via tunnels through the Land Bridge — two tunnels below each of the mounds (one for each direction of travel), according to a press release. The arch segments now being erected south of existing Memorial Drive are for the two tunnels through the eastern-most mound.

Next up will be erection of the west mound arches; all tunnels are slated for completion and open to traffic by fall of 2021.

These tunnels boast an innovative edge. While most are built through existing hillsides or below ground, the Land Bridge tunnels will be set at the same grade as the existing roadway, prior to installation of the earthwork for the mounds, per a release. The tunnels through the east and west mound measure 400 feet and 560 feet long respectively and are made up of some 620 separate panels, each of which weighs just under 50,000 pounds.

While excitement is looming, traffic on Memorial Drive is no doubt a concern. Sources at Memorial Park Conservancy assure that Memorial will remain open throughout the duration of Land Bridge and Prairie construction. Within the project area, traffic has been reduced from three lanes to two each way.

All lanes will reopen in fall 2021 once the new Memorial Drive alignment through tunnels is complete. The new road alignment with three lanes restored each way will be complete in September 2021, while the Land Bridge is slated for substantial completion by October 2022.

Meanwhile, trees removed from the Land Bridge and Prairie project area (a major concern for locals) will be relocated in areas of the park designated for reforestation, or repurposed as either compost or toewood for streambank stabilization, in keeping with the Master Plan provisions.

The new arches are being installed on Memorial Drive. Photo courtesy of Memorial Park Conservancy

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This article originally ran on CultureMap.

The new Land Bridge will create safe passage from humans and animals. Rendering courtesy of Nelson Byrd Woltz

Houston park breaks ground on innovative land bridge

now building

Last week, Memorial Park made headlines when it triumphantly opened its lush and verdant Eastern Glades. The 100-acre destination transformed largely inaccessible green space into a destination offering up picnic areas, native wetlands, a savanna, a pine-hardwood forest, green spaces, and miles of accessible trails.

Now, the Memorial Park Conservancy has announced that construction has begun on Memorial Park's Land Bridge and Prairie project. The 100-acre project, slated for completion in late 2022, will create a new community space with enhanced recreation opportunities for park users with "unmatched vantage points of urban skyline views," according to a press release. Memorial Park's prairie, which adjoins the Land Bridge to the north and the south, aims to re-establish endangered native Gulf Coast prairie, savanna, and wetlands.

The Land Bridge and its corresponding prairie are part of the Memorial Park Master Plan, made possible by a $70 million gift from the Kinder Foundation, and associated the Ten-Year Plan.

Commuters, no need to worry: Memorial Drive will remain open throughout the duration of Land Bridge and Prairie construction. Traffic will be reduced from three lanes to two each way beginning September, while a new section of Memorial Drive and the tunnel arch structures for the Land Bridge are completed directly south of the operating lanes.
All lanes will reopen in fall 2021 once the new Memorial Drive alignment through tunnels is complete, according to a release.

The Land Bridge Photo courtesy of MPC

Additionally, per the conservancy, the Land Bridge will:


Provide safety and connectivity
This will benefit both humans and animals crossing Memorial Drive. The Land Bridge will establish two dynamic greenspace connections over Memorial Drive that reunite the north and south sides of the Park while expanding the existing trail network and providing increased connectivity within the Park. While the Land Bridge will provide connectivity for Park visitors and wildlife over Memorial Drive, a stream corridor constructed through the Prairie and a culvert will provide connectivity under Memorial Drive. Together these elements will provide much-needed wildlife connectivity within Houston's largest urban wilderness park and to the natural Buffalo Bayou corridor.

Restore nearly 45 acres of native coastal prairie
This will establish a more resilient ecology during natural disruptions and improve animal habitats. Native coastal prairie is one of the most endangered ecosystems in North America, with less than 1 percent of its historic range remaining today. These forthcoming ecosystems will be home to numerous species of flora and fauna.

Create a new destination for visitors
New opportunities include nature education, leisure walking, interval running and cycling, stargazing, relaxing, and more.

Improve stormwater management
The project will detain stormwater that flows through Memorial Park to Buffalo Bayou during heavy rain events, lessening the impact of peak storms. A stream channel constructed through the site, along with the network of native prairie and savanna, will support greater regional biodiversity and act as a green sponge, helping to absorb and clean stormwater. The constructed wetlands will help to purify water and reduce roadway pollutants that would otherwise be released into the watershed.

"From aiding with critical stormwater management to granting people and wildlife safer crossing over Memorial Drive to providing a dynamic outdoor destination for all visitors, the Land Bridge and Prairie will be an asset not just for Memorial Park but for all Houstonians," said Mayor Sylvester Turner in a statement. "It's about unifying both sides of the Park and giving people a new landmark that they can be proud of and use to enjoy nature."

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This article originally ran on CultureMap.

Memorial Park Conservancy's renovations include some projects that are rare or never been done before. Photo courtesy of MPC

3 ways the Memorial Park Conservancy renovations are innovative

Park of the future

Memorial Park is undergoing a huge transformation that is mixing a little bit of old with the new.

The Memorial Park Master Plan includes adding breathtaking new projects — like water features, a new athletic complex, and more — as well as conservation efforts that restore parts of the land that were native coastal prairie. The project is a collaborative effort between Memorial Park Conservancy, Uptown Houston TIRZ, and Houston Parks and Recreation Department to redevelop the 1,500-acre park.

The Master Plan is set to deliver a series of projects ahead of 2028, and there are a few initiatives that are innovative and different from other urban parks' transformations, notes MPC's president and CEO Shellye Arnold.

The Land Bridge

Photo courtesy of MPC

A big part of Memorial Park's transformation is restoring the park to native species and ecosystems.

"We're taking ball fields, parking lots, and roads and converting them back to what was here — native wetland coastal prairie," Arnold says. "This serves important stormwater purposes."

In order to connect two native coastal prairie lands on either side of Memorial Drive, MPC is building a unique 30-foot-high land bridge the size of three-and-a-half football fields. The space will be large enough that you don't even realize you're standing over a busy street, Arnold says.

The prairies will serve an important purpose for rainwater collection — a growing need within the city of Houston.

"We're channeling [rainwater] into this prairie where some of it can be absorbed, cleansed, slowed down," says Arnold. "And then what doesn't get slowed down and absorbed can flow through the prairie [on the other side], which is even bigger."

The Land Bridge also serves another purpose that park goers have wanted, Arnold says: Connectivity.

"[They] want access across the Memorial Drive — [they] want to safe access, and so this is the response. It's a pretty bold and visionary response," Arnold says.

BioCycling

Photo courtesy of MPC

In 2011, a major drought decimated the park and areas saw losses of 50 to even 90 percent of the canopy of trees. MPC and its team saved what could be saved, and the rest is serving a new purpose to the park.

"We took the trees that we lost on the drought that people felt such a tremendous loss for and ground them all up, and they are in a biocycle in a two-acre area in the back of the park," Arnold says.

The soil created — some of which includes manure from the animals at the Houston Zoo — has already been used on some plants in the park, and Arnold says those plants are thriving.

"It's cool that those those trees are giving life to the park," Arnold says.

Invasive species of trees that are plucked from out of the park are also being ground up and used in the same way.

"There isn't anything this big like this in an urban park setting like this kind of recycling effort," she says.

The biocycling process is scalable too.

"We could open this up to other organizations," Arnold says. "It's so much better ecologically to take trees and grind them up and use it inside the space rather than haul them out to landfill way outside of town and dump them."

The benefit to the program is that MPC can retain some of the soil it produces for these other organizations and use it on site.

Biodiversity initiatives and research

Photo courtesy of MPC

When putting the plans in place, MPC and its partners called on 25 of the best ecologists, as well as 50 more park and other types of consultants specializing in everything from insects and wildlife to prairies and trees.

Just as the Land Bridge is creating new prairie space, other initiatives throughout the park will be focused on eliminating invasive species and bringing back the natural ecosystem of the park.

The Easter Glades project, which is set to deliver next year, will have a habitat for fish, and will not allow any fishing or boating. Carolyn White, conservation director at MPC, is working with the Texas Wildlife Association to bring in the right species of fish.

Arnold says that MPC works with other organizations in an innovative way to bring native plants into MPC, since the park has the space for these organizations to use to cultivate and propagate plants.

"They bring their native plants and they grow them with their volunteers, and they leave us a little bit here," Arnold says. "We could never buy enough native plants to go inside this park."

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27 Houston companies make Fortune 500 for 2026, led by energy giants

Houston HQs

Houston is a giant among U.S. hubs for corporate headquarters.

The 2026 Fortune 500 lists 27 companies based in the Houston area, with many energy companies claiming top spots. Houston ties with Chicago for the second-most Fortune 500 headquarters, preceded only by New York City (53). Dallas-Fort Worth is home to 23 Fortune 500 headquarters.

Texas leads the nation for Fortune 500 headquarters (57), with California in the No. 2 spot and New York at No. 3.

“Texas is the undisputed headquarters of headquarters,” Gov. Greg Abbott said in a news release. “The world’s leading businesses invest with confidence in Texas because of our welcoming business climate, predictable regulatory environment, and skilled and growing workforce. People and businesses are choosing Texas because Texas works.”

The 2026 Fortune 500 ranks the largest U.S. corporations based on revenue in fiscal year 2025.

Here’s a rundown of the 27 Fortune 500 companies based in the Houston area.

  • No. 9 ExxonMobil
  • No. 21 Chevron
  • No. 29 Phillips 66
  • No.55 Sysco
  • No. 75 ConocoPhillips
  • No. 89 Enterprise Products Partners
  • No. 103 Plains GP Holdings
  • No. 133 Hewlett Packard Enterprise
  • No. 149 NRG Energy
  • No. 157 Quanta Services
  • No. 164 Baker Hughes
  • No. 173 Occidental Petroleum
  • No. 179 Waste Management
  • No. 201 EOG Resources
  • No. 204 Group 1 Automotive
  • No. 207 Halliburton
  • No. 223 Cheniere Energy
  • No. 236 Corebridge Financial
  • No. 262 Targa Resources
  • No. 266 Kinder Morgan
  • No. 388 Westlake
  • No. 435 CenterPoint Energy
  • No. 438 APA
  • No. 440 Comfort Systems USA
  • No. 455 NOV
  • No. 488 KBR
  • No. 496 Coterra Energy. Oklahoma City, Oklahoma-based Devon Energy and Houston-based Coterra Energy merged in early May, with the combined company retaining the Devon Energy name and the Houston headquarters.

The Greater Houston Partnership notes the Houston area soon will welcome its 28th Fortune 500 company. Expand Energy (formerly Chesapeake Energy), appearing at No. 362 on the 2026 list, says it’s moving its headquarters from Oklahoma City to Spring this year.

As the natural gas producer prepares to relocate to Texas, it’s hunting for a new leader. Nick Dell’Osso stepped down as president and CEO earlier this year. Board Chairman Michael Wichterich is interim president and CEO.

Dell’Osso became president and CEO of Oklahoma City-based Gulfport Energy effective May 28.

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This article first appeared on EnergyCapitalHTX.com.

Elon Musk's SpaceX is about to make its debut on Wall Street

Money Moves

Elon Musk's rocket company SpaceX will make its debut on Wall Street Friday, June 12, and both institutional and retail investors are expected to gobble up the 555.6 million shares going up for sale at $135 apiece. Musk, already the world's richest man, could become its first trillionaire.

SpaceX is likely to become the biggest IPO ever, with proceeds of around $75 billion. SpaceX hopes to become the first company to send people to Mars. In fact, part of Musk’s future compensation depends on SpaceX eventually establishing a colony of at least 1 million people on the red planet.

Why SpaceX is going public now

In a video conference on Musk's social media platform X, he told JPMorgan CEO Jamie Dimon that people have suggested for the last 10 years that he take SpaceX public. He's doing it now because the company plans to put 100,000 next-generation Starlink satellites into orbit. Deploying AI data centers in space is a “massive new growth base and you need capital for that,” he said.

Going public provides access to the capital that SpaceX needs. But it also exposes it to more scrutiny from shareholders and more regulatory oversight. That includes filing quarterly financial reports, which critics say incentivizes short-term thinking over longer-term planning and creates unnecessary costs for a company. Securities regulators are currently soliciting public comment on a proposal to require public companies to file the financial reports only twice every year.

How the IPO impacts the company

Musk will hold the majority of a special class of shares, giving him control over decisions related to company strategy, finances and personnel. On the latter, because of his ownership of most of these Class B shares, the only person who can fire Musk as CEO is Musk.

The company credits Musk with being the “driving force” behind its growth, innovation and success. But what happens if Musk is no longer in the picture? SpaceX warns that the loss of Musk could disrupt its ability to execute its strategy as well as hurt its “reputation and relationships with customers, partners and other stakeholders.”

The company also warns that finding a replacement with the same skills and experience as Musk would be time-consuming, if not nearly impossible. As Wedbush Securities analyst Dan Ives wrote Wednesday, “At the end of the day Musk is SpaceX and SpaceX is Musk.”

What could make or break SpaceX

Currently in the test phase, the gigantic reusable Starship rocket is key to SpaceX realizing Musk's ambitions. Much of the commercial space business hinges on SpaceX developing Starship’s capability to be fully reusable and hearty enough for a quick turnaround between flights. If that doesn't happen, SpaceX warns that putting data centers and satellites in space will take longer and cost more money, meaning it risks customers bailing on the company.

Analysts say that by pioneering reusable rockets, SpaceX has established a clear lead on competitors such as Blue Origin, led by Amazon founder Jeff Bezos. The Starlink satellite business competes with, among others, AST SpaceMobile – which is relying on a SpaceX rocket to send its latest generation of satellites into orbit next week.

The prospectus filed last week says SpaceX’s biggest potential market is the sale of business-oriented artificial intelligence products designed to transform how people get work done. It’s an opportunity SpaceX predicts would be worth $22.7 trillion if it could somehow dominate rivals like Anthropic, OpenAI and Microsoft in a highly competitive industry. But the prospectus shows no clear path to profitability for the xAI business, which merged with SpaceX earlier this year.

Why Wall Street is paying attention

If the SpaceX IPO is as successful, the stock could quickly join the Nasdaq 100, a widely followed index that tracks the 100 largest non-financial companies in the composite. That's important because some popular funds, such as the $460 billion QQQ exchange-traded fund, mimic the index and will automatically buy whatever is listed in the index.

Nasdaq recently changed its rules to allow select companies to enter the Nasdaq 100 after just 15 trading days.

S&P Dow Jones Indices, on the other hand, is sticking to established and more traditional thresholds that will not allow SpaceX or other companies with gargantuan IPOs faster entry into its S&P 500 index. That means even high-profile companies will still need to wait for their stocks to trade a full 12 months before they can enter the index.

Companies want to be in the S&P 500 in particular because it's arguably the most important index on Wall Street, with trillions of dollars either mimicking it exactly or benchmarked against it. Vanguard's VOO fund that tracks the S&P 500 has roughly $950 billion invested in it, for example.

NASA unveils Artemis III astronauts at Johnson Space Center in Houston

To the moon

NASA on Tuesday, June 9, revealed the crew for its Artemis III mission, the next step in the space agency's plan to eventually land astronauts on the moon.

The announcement came two months after Artemis II's record-breaking trip around the moon that surpassed the distance record of Apollo 13.

NASA's Randy Bresnik, Frank Rubio, Andre Douglas and the European Space Agency's Luca Parmitano won't fly to the moon or land on the surface. Instead, they’ll orbit Earth while practicing docking their Orion capsule with two lunar landers.

“To the Artemis III crew, we wish you Godspeed on the journey ahead,” said NASA administrator Jared Isaacman.

Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin are racing to deliver the lunar landers. The two-week demo is targeted for 2027. Blue Origin suffered a recent setback when its massive rocket exploded during an engine-firing test on the launch pad in Florida, shaking nearby homes and illuminating the sky with an orange fireball.

NASA's Jeremy Parsons said the setback is a learning opportunity and that the space agency is confident Blue Origin's rocket will be ready in time.

NASA's Artemis program aims to return astronauts to the moon's surface for the first time since the 1970s. A recent revamp of the program announced by Isaacman aims to fast-track it similarly to the Apollo era, adding the upcoming spaceflight around Earth before eyeing a lunar landing in 2028.

“We are certainly humbled as a crew to be able to be your crew that executes this Artemis III mission in space,” said Bresnik, Artemis III commander.

Added Douglas, mission specialist: “My brain — it is going a mile a minute right now. But my heart, it is so warm. It is so full."

In May, NASA awarded hundreds of millions of dollars in contracts to four companies, including Blue Origin, to build landers, rovers and drones for a future moon base. Isaacman said the goal of the moon base is to lay the foundation for a Mars expedition.

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