Thursday, July 27, 2006

Costs Delay Road for Innovation Way

Innovation way a technological corridor in Southeast Orlando is the fastest growing region in Orlando. This area will be home also to UCF new medical schools and potential VA hospital. 52,000 residents will be part of this area by 2025. Because of escalating construction cost the Expressway authority has cut back on projects two of them being the interchange at State Road 528 and State Road 417 which is need to accomodate growth. Developers comments this delay will not too bad as the final designs have not been approved. The agency is looking at funding alternatives. Other projects that cannot be started because of lack of funding is an interchange at Moss Park Road and State Road 417, widening of State Road 408 both east and west ends, Maitland Blvd extension to U.S. Highway 441, and interchange State Road 417 at Boggy Creek and Florida Turnpike. Orange county schools are also caught up in high land, labor, and construction cost to build 68 new schools by 2016 to accomodate Orlando's growth. Courtesy Orlando Sentinel 7/27/06.