Agenda Packets - 1995/12/04 - Laserfiche WebLink

Home Browse Search

The Dulles Greenway, Loudoun County Virginia The Dulles Greenway, the first private toll road to be built in over a century, was opened to ITtraffic on .`�.cptE:�.h.,Er�✓, i.: J and � ., �� The h` iS expec,ted carry 63,000 cais a day by year o rr en;,;a„ , ,s 1 rrge {o�,r_ianA h;.�,,. 2000. DID YOU KNOW. and Leesburg, VA, which is about 35 miles northwest of the Washington Monument. At least$6.5 billion is needed The Greenway was built to give drivers the opportunity to avoid the 23 stop lights along to preserve, manage and the heavily congested alternatives. Drivers of the Greenway save 10-20 minutes in expand Minnesota's current travel time depending on the time of day. transportation system to meet Motorists will be able to drive to Washington DC without stopping for a traffic light or toll demand within the next 20 booth. The booths equipped with automatic vehicle identification system will allow drivers years. Only, $3.3 billion can be to pass through tolls at speeds up to 45 miles per hour.A transponder the size of a raised by traditional funding. garage door opener, will signal a transaction as the vehicle approaches the toll station. Twin Cities travel is expected The toll is automatically deducted from the driver's account without any hassle for the to increase by 50% over the driver. next 20-years. Virginia's transportation shortfall of several billion dollars had lawmakers embracing the Minnesota's 20 cent gas tax private toll road which cost$326 million to build. Accordin._to_state_legislation,the4nvestors loses _peniy in-value-per year can opera e t e road for 42.5 years from the time it opens, after which it will become the to inflation. state's property. The idea is that investorg'get a set amount of time to recoup their investment and can earn a reasonable profit, and Virginians get a new highway financed Between 1970 and 1992,the by users of the new highway, number of miles of Twin Cities freeway experiencing Loudoun County, home of the Greenway, has been hurt by a slowdown in commercial severe traffic congestion development and hopes thatthe toll road will draw more businesses to the area and help quadrupled from 24 miles to revitalize the local economy. Hundreds of would-be developers have been scouting the 106 miles. If nothing is done area since the toll road was first propos I. The Mobil Land Development Company to increase the people announced in March that it had enterer_ into a 50-50 partnership with the Van Metre moving capacity, the Organization, a Northern Virginia builder-developer, to build a 1,500-acre community that number of miles will be the first to use the Greenway as its principal gateway. The project is zoned for experiencing severe 3,883 dwelling units, 3.6 million square %et of office space and 475,00 square feet of congestion will nearly retail space, double to 200 miles by the year 2015. 'Ai she ribbon cutting ceremony for the Dulles Greenway, Secretary of Transportation �. Federico Pena lauded the ingenuity of Virginia for allowing private enterprise to build public __ infrastructure. Secretary Penia said, "A bold project. Friendly to the environment. Friendly ., to the driver. A good investor ent-forthe-investor. A.model that I hope will be used again and again throughout the country. - - �' ,... itsvirrr lliilil��l�ll�al�ll�i�l�l��lli��llr��l�l��l�l�l 9' 1_.kt.t ZT -ZL LSS NW 'Mala spunoW 01. Ae' 11!H L0fZ Malty spunoW • ounpO e3uewes L£t99 NW `uoi.6uiw001E OL# PAIS elapueuaaoN 009 • dnoae uoplaodsuwl alosauuw