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New construction will keep goods, services, people and JOBS moving. Ohio is quickly running out of highway capacity. Growth and a robust economy have caused vehicle miles travelled (VMT) to climb from 72 billion miles in 1980 to 96.7 billion miles per year (+34.3%) and by the year 2000 estimates are upward of 110 billion miles.
Ohio's communities need:
-more Interstate Lanes
-bypasses
-connectors
ODOT, through long and careful scientific study, has identified 179 of these such projects for which a "promise" to build has been made. Another 30 projects have a commitment for study.
Together this comprises a pipeline which looks like this:
179 projects $3.2 billion
30 study projects $2.2 billion
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209 projects $5.4 billion
The Bottom Line
If state and federal funding levels remain the same as they are now - and that is probably optimistic - it will take 54 years to build these 209 projects. Gridlock, economic disaster and personal safety concerns would most certainly paralyze the state.
Finding new sources of revenue would help accelerate the program.
YOUR OPTIONS
As investors you have choices. But the catch is - only you can decide:
-You can let our highways deteriorate
-Add no new capacity (lanes or bypasses)
-Provide a reasonable maintenance level
-Provide funds for new construction
Your answer will determine you future highway convenience.
Ohio Construction Information Association.
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