$17.5 Million Secured by Illinois Lawmakers for Kane County Bridge Project

State Rep. Anna Moeller (D-Elgin) and state Rep. Suzanne Ness (D-Crystal Lake) with the assist of state Sen. Cristina Castro (D-Elgin), state Sen. Linda Holmes (D-Aurora) and state Sen. Don DeWitte (R-St. Charles), efficiently secured $17.5 million within the state capital invoice for fiscal 12 months 2023 to help with funding the Longmeadow Parkway Bridge.

The lately introduced state funding will assist cut back the taxpayers price of the bridge portion of the 5.6-mile Longmeadow Parkway hall. The hall passes by way of parts of Algonquin, Carpentersville, Barrington Hills in addition to unincorporated areas of Kane County.

Kane County transportation and elected officers say it can relieve congestion on IL Route 62 and IL Route 72 and the Primary Avenue Bridge in Carpentersville, enhance freeway security and effectivity and improve enterprise alternatives.

In 2018, the Kane County Board permitted an ordinance offering Longmeadow Parkway Toll Bridge Income Bonds and determined to implement a consumer payment (toll) to finance the bonded debt related to the bridge portion of the venture.

In an effort to carry the burden on native taxpayers using the bridge, it was decided that $35 million in funding would eradicate the necessity for tolling the bridge and canopy all principal funds in addition to related curiosity funds.

“I applaud our legislative leaders for working in a bipartisan matter to efficiently discover a resolution within the state price range to ease the impression of the debt related to the bridge with the purpose of getting a toll-free bridge,” stated Kane County Chairwoman Corinne Pierog.

Whereas the bridge part over the Fox River is considerably full, Kane County continues to work on the ultimate engineering and environmental remediation for the final part of Longmeadow situated between Sandbloom /William Highway and IL Route 25.

Kane County Division of Transportation workers members at the moment estimate that development of this remaining part of roadway will get beneath means this 12 months and can be accomplished within the 12 months 2023.

“I be part of Rep. Ness in preventing for funding within the state capital invoice for fiscal 12 months 2023 that can assist Kane County retire the bonds and cut back or eradicate the deliberate toll,” Moeller stated. “This is a crucial precedence that can create jobs and cut back congestion for all Kane County residents.”

“I used to be happy to do my half to maintain this venture on the entrance burner and assist safe this essential funding for a toll-free Longmeadow Bridge,” DeWitte stated. “Offering the residents of Kane County and southern McHenry County with an extra bridge throughout the Fox River has been a key ingredient of my legislative agenda since I took workplace, and with the ability to take a step ahead to take away the numerous tolling burden for residents is a large, bipartisan success.

“We can be going after the opposite $17.5 million for inclusion within the FY24 price range.”

SOURCE: Kane County Authorities information launch