Commission slices corridor funding

Filed under: Uncategorized | Tags:

The Colorado Transportation Commis-sion voted on Nov.16 to delay $246 million in funding for 10 strategic corridor projects until the 2003 fiscal year to address budget shortfalls resulting from the passage of Amendment 23. The cuts included $14,256,000 for a section of Interstate 25 between South Academy Boulevard and Briargate Boulevard, and $29,106,000 planned for Powers Boulevard expansion. The commission believes the amendment will reduce CDOT funding in fiscal year 2002 (July 1, 2001 through June 30, 2002) by $260 million. CDOT Executive Director Tom Norton will ask the Colorado General Assembly to restore at least $200 million of the funds lost due to the amendment. However, the commission approved a funding plan based on no additional funds being received from the legislature. The commission also approved bids on three highway projects which had been on hold since Oct. 26 pending the outcome of the general election, including bridge replacement and interchange modifications on I-25 near Woodmen Road.