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I was assuming that was the real plan behind the $75 million transportation bond that was passed last week.
The bonds were put up by the city, which really has little, if any involvement in the 540 project, financially or otherwise. The majority, if not all of the part being built anyhow aren't inside Raleigh city limits, so why on earth would the city put up that kind of money for land not even in its jurisdiction, if they can even do that legally?
I was assuming that was the real plan behind the $75 million transportation bond that was passed last week.
This couldn't be further from the truth. First as mentioned Raleigh has nothing to so with this project. It is not in the city limits of Raleigh and even towns where it is in their limits have nothing to do with it because it is funded with federal and state money (and probably will be tolled also). $75 million will be lucky to be 10% of the total of this project.
Based on living in this area for 15 years, I'm willing to bet the orange route is a go. Pierce Olive Farm has sat there for 15 years without any movement (when everything else has been built around it). I'm willing to bet there's an offer (like the Kildaire/Holly Springs land). I would not worry about the purple route. You have the S. Cary treatment plant (pipes) along with wetlands in the way.
Except for the giant cloud hanging over their property values until this thing is finally sorted out and all the sure-to-follow litigation is resolved.
Well, it seems only 60,000 homeowners have a giant cloud hanging over their homes as we await a decision on the final route for NC540:
Quote:
There is more uncertainty now over plans to complete the 540 loop around Raleigh as the North Carolina Department of Transportation says it will study all 17 routes before deciding which one to choose.
That study will take two years to complete, and the 17 potential routes impact a huge area that could impact 60,000 homeowners -- plus parks, businesses and schools.
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