A Spanish railway company has pulled out of the bullet train project that aims to connect Dallas and Houston.

Why it matters: The departure is another setback for the project, which hasn't started construction amid eminent domain challenges, investor changes and federal funding cuts.

Flashback: Texas Central Railway in 2018 named Renfe, with routes covering about 9,300 miles in Spain, as an early operator for Texas' future bullet train.

• Central Japan Railway was chosen to provide the technology.

The latest: In April, the U.S. Department of Transportation ended a $64 million grant to Amtrak for the rail project, saying the project is "a waste of taxpayer funds."

• Fort Worth-based Kleinheinz Capital Partners joined the project as a lead private investor.
• And Renfe has liquidated its American subsidiary that was part of the Texas train project, writing off 4.5 million euros in losses, per the Spanish newspaper El Economista.

The intrigue: The 240-mile route would get travelers from Dallas to Houston within 90 minutes, per Texas Central. The project is estimated to generate billions of dollars in revenue.

• Texas Central regularly shared updates on its website when the train was first announced but hasn't posted any updates for nearly two years.

Between the lines: Renfe's closure of its American subsidiary indicates the company isn't expecting any returns from the project, El Economista reports.

Zoom out: A separate project aims to link Fort Worth and Dallas via high-speed rail but still needs to secure land and funding. Leaders would also need to decide where the train would stop.

What they're saying: Kleinheinz Capital Partners tells Axios their plans for the high-speed train between Dallas and Houston haven't changed and that the project is "shovel-ready."

• Renfe and Amtrak did not respond to Axios' requests about the project.

Nine North Texas suburbs were among the top markets in the country for renter household growth between 2018 and 2023, per an analysis by rental listing site Point2Homes.

Why it matters: Housing affordability and changing demographics have transformed suburbs across the U.S.

• And, in many cities, renting has become more popular than owning a home.

The big picture: Renters now outnumber homeowners in 203 suburbs of the 20 most populous U.S. metros, Point2Homes found.

• "Suburban living is no longer reserved for those with a mortgage," Point2Homes' Andra Hopulele wrote in the report.

The intrigue: Renter households in the North Texas suburbs increased by 18% between 2018 and 2023.

• In Dallas, they increased by around 8%, per Point2Homes.

Zoom in: Frisco and McKinney led the country in net growth for renter households between 2018 and 2023. Frisco added 10,000 new renter households, and McKinney added 6,000, per the Point2Homes analysis.

• Farmers Branch became renter majority in just five years. The city was 47% renters in 2018 and 54% renters in 2023.

Not-so-stunning stat: Addison ranks seventh in the country for its rentership rate, around 82%.

• It makes sense for the city of apartments and restaurants.

🚔 Illinois officials say Johnson County authorities violated a law meant to protect people seeking abortions in the state, but all parties involved said the breach was a mistake rather than ill intent. (Axios)

🔎 The FBI has added the mother of a missing Everman boy, who is presumed dead, to the Top 10 Most Wanted List. Cindy Rodriguez Singh faces a capital murder charge. (NBC5)

🏒 Center Radek Faksa will return to Dallas on a three-year contract. Faksa played his entire career with the Stars until he was traded last offseason. (DMN)

The 110-foot-tall grain silo in downtown Carrollton is now a work of art.

Driving the news: Phoenix-based artist Clyde Thompson completed a wildflower- and railroad-themed mural on the historic structure last week.

• The city commissioned the work as part of its downtown masterplan.

Flashback: The Blanton Grain Company built the tower in 1950 next to the rail line, which is now a DART stop.

• The tower was at one point a rock climbing facility. It was given a historical designation in 2010.

How it happened: The design plans weren't shared publicly before the project began.

• After the silo was prepped, the muralist began the outlines of giant bluebonnets and other wildflowers. The mural also features a steam train and a modern commuter train.
• The artwork was filled in with vibrant colors, revealing the full image over weeks of work.

What's next: The east side of the grain tower, which faces the train tracks, remains a blank canvas. The city plans for a mural to be painted there later.

Go deeper: Thompson posted drone footage of the progress on Instagram.