The updated intersection design is a financially feasible option for the City of Lincoln. The project is estimated to cost $26.4 million. This includes design, right-of-way acquisition, construction, and contingencies.
The improvement project is part of the City’s Capital Improvement Program that is funded by a variety of sources including:
- Highway allocation funds
- Street Improvement Vehicle Tax (wheel tax)
- Impact fees
LTU has allocated approximately $11.9 million to this project and intends to program an additional $14.5 million in future years.