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Costs

At this time, there is no state or federal funding to build the Placer Parkway. Currently, there are two regional funding sources for the future Placer Parkway. The first is SPRTA’s Regional Transportation and Air Quality Mitigation Fee program, which provides partial funding for several regional transportation and transit projects/programs. This fee program is expected to collect approximately $10 million for the Placer Parkway.

The second is the Tier II Development Fee program (effective May 27, 2009) to fund the Placer Parkway and SR 65/I-80 interchange improvements. This fee program was adopted by the cities of Lincoln, Rocklin, Roseville, and Placer County. Funding from this program will contribute $475 million toward a four-lane Placer Parkway (in Placer County). Two additional lanes (generated by existing development need) will be paid through other sources such as potential future state or federal funding, or through another local source, such as a transportation sales tax.

Sutter County will be responsible for approximately $100 million toward Parkway funding (for construction in Sutter County) . They expect to obtain these funds through development of the Sutter Pointe Specific Plan.

For more on the Placer Transportation Funding Strategy, see www.FixPlacerTraffic.org.

Funding Notes

  1. The Placer Parkway’s earlier planning studies (2000 Conceptual Plan and 2001 Project Study Report) were funded by Partnership Planning Grants and Transportation Development Act. The 2000 Conceptual Plan was approximately $150,000. The PSR was approximately $200,000.
     
  2. In 2002, The California Transportation Commission (CTC) allocated $4.7 million for the corridor preservation's Tier 1 EIS/EIR.  This State Transportation Improvement Program (STIP) funding consists of includes federal and State monies.  The deadline to use this funding ended on February 28, 2007.
     
  3. On January 24, 2007, the SPRTA Board of Directors agreed to allocate $3 million of SPRTA fee program (designated for the Placer Parkway) to complete the Tier 1 EIS/EIR.
 


Project Description | Corridor Alternatives | Environmental Review | Funding | Public Outreach | Project Schedule | Project Library | Who to Contact

Placer County Transportation Planning Agency
299 Nevada Street  ● Auburn, CA 95603
(530) 823-4030 ● (530) 823-4036 - fax
email PCTPA