Friday, August 1, 2014

Tyrone benefits from GTIB grant for road projects

2014-06-02

By Pat Cooper

One Fayette County municipality will be benefitting from the state’s $33 million transportation infrastructure project awards.
On Wednesday, Governor Nathan Deal announced the approval of funding for 20 transportation infrastructure projects totalling $33 million in grants and loans provided by through the Georgia Transportation Infrastructure Bank (GTIB), with Tyrone projects among them. The GTIB provides loans to state, regional, and local government entities to fund eligible transportation projects. GTIB is also authorized to administer grant money for specific programs related to transportation. Many project throughout the metro Atlanta area are made possible through this special funding administered by the State Road and Tollway Authority. It was established in 2008 by Georgia legislators and administered by the State Road and Tollway Authority (SRTA).
Deal called the GTIB program “an important resource for community improvement districts and local governments seeking supplemental funding needed to move vital transportation projects forward.
“The projects receiving awards will not only enhance mobility in local communities, they will also keep Georgia’s business engine moving by improving access to retail and job centers throughout the state.”
Community improvement districts (CIDs), as well as local and state government entities are eligible for GTIB grant and loan funding. Final approval is made by the SRTA Board which is chaired by Deal.
Grant applications were ranked based on transportation/engineering merit, economic merit, local, state and federal matching funds and project specifics, such as the project phase and feasibility. Loan applications are evaluated based on borrower type, project type and loan spend down/repayment abilities, in addition to the merits of the project itself.
Tyrone was awarded just over $2.4 million for its downtown rehabilitation project on Castlewood and Senoia Roads. The project is a Full-Depth Reclamation (FDR) of Castlewood Road, including widening, resurfacing and improving the existing sidewalk/path network for ADA compliance. There is also a comprehensive resurfacing and intersection improvement project planned for Senoia Road, as well as streetscape beautification to “restore ambience to the historic downtown corridor.”
Tyrone also received a $165,000 grant for other road improvements. A right-turn lane from Tyrone-Palmetto Road (westbound) onto State Highway 74 (northbound) will be constructed to address intersection safety and traffic queuing at one of the busiest commercial intersections in Tyrone. That decision, oddly, comes on the heels of the Georgia Department of Transportation’s rejection of the town’s request to add turn signals to the intersection of Highway 74 and Dogwood Trail. Both north and southbound turn lanes don’t have a dedicated arrow for turning, though all other intersections do. GDOT said, after a study of traffic counts for the intersection, said the left hand turn counts don’t meet the criteria for state action.
SRTA is a state-level, independent authority that acts as Georgia’s transportation financing arm. Grant applications were ranked based on transportation/engineering merit, economic merit, local, state and federal matching funds and project specifics, such as the project phase and feasibility. Loan applications are evaluated based on borrower type, project type and loan spend down/repayment abilities, in addition to the merits of the project itself.

 

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