FY23 FULL BUDGET REPORT ADOPTED

Town Center Parking Deck

Concept

$9.2M

Unfunded Project Concept

Location: Town Center Core

Strategic Plan Goal: Economic Prosperity

Brief Scope & Justification: To meet a growing need for additional parking in Town Center Core area for public centers, Food Hub, complementary support for private interest and space flexibility for Town events. This project will be impacted by the overall vision of the Town Center demonstration project that may impact cost. Public parking lot to support community use and business development in the Town Center. This will be a 425 space parking deck with spaces reserved for Town / public use on the first two levels. The current conceptual plan calls for the private development partner to construct and own the deck and then lease spaces annually to the Town. Staff recommends removing this concept should a Development Service Agreement be reached removing the need for a publicly funded project.

Transportation

Airport Boulevard Extension Phase I*

Active

$6.2M

Bond Proceeds and Reserves

Location: Between the Intersection of Garden Square Lane Church Street

Strategic Plan Goal: Improved Transportation Mobility

Brief Scope & Justification: Purpose is to design and construct Phase I of the extension of Airport Boulevard (0.435miles) from current terminus near Garden Square Lane to Church Street. The planning- level cost estimate provided includes engineering, ROW purchase and roadway construction. The improvement would include a 4-Lane cross-section divided with a 17.5 - 31 foot-wide median, a 10-foot side path on the south side and 5-foot sidewalk on the north side, and wide outside lanes. Engineering design is underway and the project is anticipated to be let December 2022 and final construction completed by summer 2024. Provides an important east-west route. The extension will also tie into a future grade separation of Airport Boulevard and the railroad/NC 54, creating an east-west connection fromDavis Drive to I-40 and the airport. Most of the right-of-way was designated in prior years, only one additional parcel would be necessary to complete. The extension will qualify for LAPP funds from CAMPO; the segment is supported by the Comprehensive Transportation Plan. Having Phase I constructed or underway will increase the score for Phase II to receive funding.

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