12.07.2015 Views

Uptown Transportation Study - OKI

Uptown Transportation Study - OKI

Uptown Transportation Study - OKI

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

7.7. FundingPlanning <strong>Study</strong> ReportPart B: Interstate 71 Access Improvement <strong>Study</strong>, PID 77628At this time no funding has been committed for implementation of any of therecommendations of <strong>Uptown</strong> <strong>Transportation</strong> <strong>Study</strong> Part B Interstate 71 Access Improvement<strong>Study</strong>.The individual implementation partners must answer these critical questions when seekingfunds to carry out the aforementioned recommendations.• What funds are realistically available?• What timeframe restrictions apply?• What approval process is required?• What other restrictions apply?The <strong>OKI</strong> 2030 LRTP includes two fiscally constrained capacity improvement projects withinthe study area. The plan allocates $2 million “to restrict I-471 northbound from ReadingRoad exit; evaluate freeway management system, eliminate left entrance/exits” and $35million for “a new full service interchange at ML King Drive.”The nature and estimated costs associated with these two projects should be updated toreflect the recommendations and cost estimates presented herein during the next revision orupdate to the LRTP and preferably prior to seeking funding.Both ODOT and the City of Cincinnati are experiencing growth in documented needs forfunding capital expenditures during the next 5 to 10 years with declining capacity to fullymeet those needs. It is estimated that the total costs associated with the recommendedaccess improvements will range from $50 to $100 million. Implementation of therecommendations will require a mix of public funding from federal, state and municipalsources as well as from the private and nongovernmental sectors.See Figure 6 for a conceptual timeline of expected expenditures to implement therecommendations of the <strong>Uptown</strong> <strong>Transportation</strong> <strong>Study</strong>.<strong>Uptown</strong> <strong>Transportation</strong> <strong>Study</strong> 85URS CorporationNovember 2006

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!