Estes Park Transportation Project Funding Downtown Parking Garage
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Estes Park Transportation Project Funding
Downtown Parking Garage • 4 stories • 412 spaces • Built on Town Land Federal BOR property • Total Cost ~ $9 million FUNDING Town Cash – $1. 7 M CMAQ (Congestion Management and Air Quality – FHWA) - $328 K FTA - $3. 2 M COPS – 18 hole Golf Course Collateral - $4. 5 M Rocky Mountain National Park - $10 K
Downtown Estes Loop
Downtown Estes Loop
Downtown Estes Loop • Includes US Highway 36 and Local roads • Total Cost estimate $17. 2 Million Federal Lands Access Program (FLAP) The Federal Lands Access Program (Access Program) was established to improve transportation facilities that provide access to, are adjacent to, or are located within Federal lands. The Access Program supplements State and local resources for public roads, transit systems, and other transportation facilities, with an emphasis on high-use
Downtown Estes Loop FUNDING FLAP - $13 million requiring a minimum 17. 21% match MATCH: Devolution of West Elkhorn through RAMP funds of $4. 2 Million
Downtown Estes Loop This will only partially address our unique traffic issues:
North I-25 PROBLEM: CDOT was applying for $90 million in federal natural disaster relief funds for improvements on N I-25 • Match required is about $15 million • CDOT could afford ~ 1/3 of the match • Larimer County and Weld County had to come with the other 2/3 in local match
North I-25 SOLUTION – Share back agreement with County Road & Bridge Levey • Lar. Co. Mill increase R&B levy by 0. 4 mills (reduced general fund levy by same amount • By Statute, ½ of any R&B mill levy must be shared back with the municipality where it was collected. • All 8 municipalities in Lar. Co agreed to return their incremental increase in the mill levy revenue to the County for I-25 improvements • Estes Park is the only municipality not on the I-25 corridor, but still participated
North I-25 OUTCOME State did not receive the Federal Grant but plans for improvements are moving forward including the local match funds for the project
Town of Estes Park Questions?
