The road bond projects under consideration would require up to $400 million of contracted debt to issue general obligation capital improvement bonds to fund the costs for acquisition, design, construction and improvements.
Mobility Bond Projects
Two-lane (half-section) extension of University Boulevard to connect Devlin Road to Wellington Road. Completes last segment of University Boulevard, which will connect Route 29 to Prince William Parkway/Godwin Drive
Description: Extends University Boulevard (2-lanes) from Devlin Road to Progress Court and a possible pedestrian facility. Total project length of 1.7 miles.
Approximate Project Cost: $30,000,000
Project Duration: 4 to 6 years
Existing Funding: $3.9 million in RSTP (Federal) funding. Eligible for other funding.