Orange County NC Website
Browse       Search
134 <br /> US 70 Multimodal Corridor Study <br /> 6 <br /> Implementation and Funding <br /> This section describes the development of priorities for implementation as well as <br /> potential funding options needed to achieve the US 70 Multimodal Corridor Plan. <br /> Implementation of any project recommendation entails a lengthy process of detailed studies identifying impacts and <br /> refining designs. This is especially true of a set of recommendations of this magnitude, which will be implemented over <br /> time, by various jurisdictions and agencies, utilizing multiple available funding mechanisms. Adjustments to <br /> recommendations may be needed to accommodate unanticipated variations in land use, travel demand, and policy and <br /> funding priorities. Final design decisions cannot be finalized until late in project development and sometimes into <br /> construction, with the documentation of environmental impacts in the NEPA and SEPA (National and State Environmental <br /> Policy Acts) process being a critical point in this regard. However, identifying priority recommendations and associated <br /> funding options will help guide jurisdictions, NCDOT, and the MPO to an approach for cohesive implementation, resulting <br /> in an improved corridor, specifically for multimodal users, over time. <br /> 6.1 Opinion of Probable Costs <br /> Probable costs have been estimated for the entire set of recommendations for the US 70 Multimodal Corridor Study. The <br /> cost consists of construction, design and engineering, and contingency. Not included in these estimates are costs <br /> associated with purchasing rights-of-way and residential or commercial structures, relocations, loss of use, landscaping, or <br /> extraordinary stormwater treatment costs. <br /> Note that these recommendations and their costs represent the entire package of improvements. Interim steps can be <br /> taken earlier, depending on the situation. It must also be emphasized that costs are based on planning-level analysis; <br /> detailed design work is needed to refine cost estimates to be more precise and reliable. <br /> Estimates are expressed in constant 2023 dollars, and various subtotals may not add up precisely due to rounding. <br /> The probable cost of the entire package of recommended improvements totals just under $258.2 million. The costs are <br /> divided among segments as shown in Table 27.Appendix A includes more detailed improvement specific cost estimate <br /> details. <br /> Table 26 Opinion of Probable Cost by Segment <br /> -. MlSumofTotaICostM <br /> Segment A $ 11,100,000 <br /> Segment B $ 153,300,000 <br /> Segment C $ 11,300,000 <br /> Segment D $ 13,600,000 <br /> Segment E $ 52,100,000 <br /> Segment F $ 16,800,000 <br /> Corridor Total $ 258,200,000 <br /> 125 Implementation and Funding <br />