News
Opinion
Sports
Business
Community
entertainment
Schools
News
Announcements
Classifieds
Place Ad
Advertising
Contact Us
Archives
Search

$6 million Campbell Station extension project payments to taper, Olson says


Payments for the Campbell Station Road Extension Project will taper off in the next five years, according to the town of Farragut’s Capital Improvement Plan: Fiscal Years 2004-2009.

The plan, submitted to the Farragut Municipal Planning Commission last week, shows that the town will spend $500,000 on the project in the coming years.


What Dan Olson, Farragut town administrator, called “the town’s largest single project” will cost more than $6 million, with the town “paying slightly more than half the total cost.”

According to the plan, the town has spent more than $2.75 million through fiscal year 2003-2004. The town will chip in $300,000 in fiscal year 2004-2005.

The extension has been delayed in the bidding process by the Tennessee Department of Transportation because of “scheduling of approvals of environmental permits,” but, according to the plan, construction will begin this summer.

In conjunction with the Campbell Station Road extension project, $856,000 is slated to be spent over the next five years to widen Campbell Station Road, from Kingston Pike to Grigsby Chapel Road, from three to four lanes.

According to the plan, the project has been “submitted to the Knoxville Regional Transportation Planning Organization as a requested TIP grant.”

The estimated cost of the project is $3.24 million with the town chipping in $976,000.

Construction could begin fiscal year 2006.

Another big-ticket item for the coming fiscal year’s budget is the Concord Road project.

“This would take Concord Road down to Northshore (Drive),” Olson said.

The town will split 20 percent of the price tag with Knox County for the $1.145 million project during the next five fiscal years.

According to the plan, approximately 3,800 square-feet of Concord Road will be widened from two lanes to five to match the Campbell Station Road Extension.

Olson estimated that once construction started on the project “it would take at least two years to build.”

The largest budgetary item listed in the plan is the McFee Road Park. From fiscal year 2005-2009, the town is planning on spending $3.5 million to construct a park on 26 undeveloped acres on McFee Road. The land was purchased and financed with a private issue capital note and was retired in fiscal year 2002.

Construction of the park is slated to begin fiscal year 2006 and, according to the plan, will “likely be phased over several years.” Once completed, the park will complete the town’s goal of locating a park in each of Farragut’s four quadrants.

The town is slated to spend $550,000 for the Everett Road/Kingston Pike project fiscal year 2004-2005.

The project involves improvements to the intersection to “improve sight distance for turning movements and would include widening the bridge on Kingston Pike.”

Kingston Pike would also be widened to the west where it is currently five lanes “so there is an adequate area for stacking traffic that desire to make a left turn from Kingston Pike to Everett Road.”

According to the plan, the town may be eligible for an Optional Safety Grant from TDOT, which could cover $100,000 of the project.

 

News | Opinion | Sports | Business | Community | Schools | Obituaries | Announcements
Classifieds | Place Ad | Advertising | Contact Us | Archives | Search

© 2004-2014 farragutpress