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HomeMy WebLinkAbout41. South 3rd Street Conversion ProjectTRANSPORTATION IMPROVEMENT PROGRAM 2019 - 2024 TIP No. 41 Project Title:South 3rd Street Conversion Project Community Planning Area:City Center Fund: Functional Classification:Principal Project: Project Length:N/A Contact: Project Description: Justification: Status: Changes: Funded:Unfunded: Pre-2018 2018 Total 2019 2020 2021 2022 2023 2024 Expenditures: Planning - - - - - - - - - - Preliminary Engineering 4,000,000 - - 4,000,000 - - 4,000,000 - - - R-O-W (includes Admin)- - - - - - - - - - Construction 13,200,000 - - 13,200,000 - - - 5,000,000 8,200,000 - Construction Services 4,000,000 - - 4,000,000 - - - 1,500,000 2,500,000 - Post Construction Services - - - - - - - - - - Other - - - - - - - - - - Total Expenses 21,200,000 - - 21,200,000 - - 4,000,000 6,500,000 10,700,000 - Resources: Vehicle Fuel Tax - - - - - - - - - - Business & Occupation Share - - - - - - - - - - Fund Balance - - - - - - - - - - Grants In-Hand (1)- - - - - - - - - - Grants In-Hand (2)- - - - - - - - - - Mitigation In-Hand - - - - - - - - - - Bonds / LID's Formed - - - - - - - - - - Other In-Hand (1)- - - - - - - - - - Other In-Hand (2)- - - - - - - - - - - - - - - - - - - - Undetermined 21,200,000 - - 21,200,000 - - 4,000,000 6,500,000 10,700,000 - Total Sources 21,200,000 - - 21,200,000 - - 4,000,000 6,500,000 10,700,000 - South 3rd Street Conversion Project - 21,200,000 Project Expenditures & Resources Programmed Programmed Pre-2019 Six-Year Program 317 Vangie Garcia 425-430-7319 The project provides pedestrian and bicyclists facilities and enhancements, traffic operation and circulation improvements in Downtown. The improvements include adding raised intersections with bulb outs, parklets, pedestrian plaza, lighting, street furniture, streetscape, bicycle blvd, bike racks, signage, wayfinding and converting S 3rd St to two-way operations. This project is one of the strategies identified in the City Center Community Plan. The project enhances downtown Renton as a destination area, while improving circulation, reducing traffic speeds and enhancing pedestrian safety. A feasibility study, including a Downtown Circulation Traffic Analysis for the conversion to two-way operations was completed. This is the last project of the Downtown Conversion to a two-way operations. It will continue the downtown improvements, further enhancing the pedestrian and bicyclists environment. Project is pending future grant funding availability.