Funding

Now that the preferred alternative has been selected, community leaders and local elected officials will likely speak with their constituents before determining which forms of local funding are most agreeable and effective for the costs that need to be paid. Before the project can be built, the project will develop a funding plan that will be reviewed by the Federal Highway Administration (FHWA). The funding plan will describe how much the project will cost and where the money will come from. Read some frequently asked questions about funding. 

While some portion of the project likely will be paid for using federal and state funds, the current funding climate indicates that local funding must be a significant portion of the total funding. Plus, local funding commitments are necessary to compete for state and federal funds. Local elected officials and voters will decide what local funds are used for the project. Some local funding sources, such as property tax increases, require voter approval. Others, such as tolls, do not necessarily require voter approval but may be referred to voters through the initiative process. Without strong local support to share in the project costs, the project will be unlikely to go forward.

A funding workshop was conducted in December 2014. 110 people participated in the funding discussion for the Preferred Alternative.  The funding tool and Funding Booklet can be found here.