GREENSBURG — Greensburg officials have been awarded more than $6.7 million from the state for the second phase of the Veteran’s Way road construction project.
The city plans to build the new 1.1-mile road south of Interstate 74 and near County Road 150N, in a relatively undeveloped area. City officials have said that the road, which is to have one travel lane in each direction plus a center median/left turn lane, is critical to spurring the development of apartments, restaurants and retailers.
The city will pay the expected $5 million cost of the project’s first phase through its Tax Increment Financing district.
The first phase will take the road to about the point where Smith Road turns south. Officials hope to break ground on the project in the next two months. City Engineer Gary Murray said some preliminary work already is being done: Crews are constructing a temporary access road for the Tree City Estates apartment complex, because the traditional access road will be taken away temporarily during construction of phase 1.
Phase 2 will take the road from where Smith Road turns south to the project’s intended finish, the intersection of State Road 3 and Lincoln Street. It will connect with State Road 3 between Burger King and Greensburg Crossing shopping center.
The second phase is expected to cost about $8.3 million, but the Indiana Department of Transportation has notified the city that it plans to chip in about $6.7 million. The money will be made available after July 1, 2017. INDOT announced Monday that it would support construction projects across the state in fiscal year 2018 with a total of $102 million. The Greensburg grant was the second-largest among 59 projects for which INDOT pledged funds.
Murray said he was ecstatic when he heard the state had awarded the money to the city. He said he thinks the state approved the funds in part because the city had shown it was serious about economic growth by paying for the project’s first phase without state help.