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CIFS Tool Categories: Value Capture (Transportation Utility Fees)
|Project Name||Planned Improvements on Spring and West Peachtree Street – Midtown, Atlanta|
|Project Sponsor / Borrower||Midtown Alliance|
|Value Capture Techniques||Community Improvement Districts|
|Mode||Local Road / Multimodal
Pedestrian / Bicycle / Light Rail Transit
The Peachtree Street Improvements Project is one part of a larger effort by Midtown Alliance to improve the walkability and accessibility of Midtown, and to build out Midtown's bicycle network. This project, designed as part of the Mayor's Safer Streets Initiative, identifies a corridor for accelerated safety redesigns and intends to improve safety for people who walk, drive, take transit, or ride a bike or e-scooter.
This half-mile project, intended to supplement the larger planned bike and pedestrian improvements for Spring and West Peachtree Streets, will re-purpose one southbound lane on Peachtree Street between Peachtree Street and 17th Street to accommodate for wider sidewalks, Americans with Disabilities Act (ADA) upgrades, street trees, pedestrian lighting, and bicycle facilities.
The project will also retain the existing one-way traffic operation and spot fix the roadway where the bicycle facility will be installed. The bicycle lane, installed from 14th Street to 3rd Street, will be on the right side (direction of travel) of the street and will be protected using a combination of wheel stops and plastic flex posts, and in some areas the bike lane will be protected by on-street parallel parking.
In addition, there is a dedicated bike crossing phase, followed by a leading pedestrian interval and a traditional vehicular phase to facilitate safe crossings for pedestrians, cyclists, and scooter riders. The design also includes upgraded existing bike lanes and signage, milling and repaving damaged portions of the roadway to improve the experience for both drivers and cyclists, and restriping the bike lane in those sections of the roadway.
The first (northernmost) phase of this project is within three blocks of the Metropolitan Atlanta Rapid Transit Authority (MARTA) Arts Center Station and will help enhance safety, access, and mobility for all users.
Kimley-Horn, the lead technical consultants for this project, intends to accomplish public engagement, city and stakeholder coordination, survey and subsurface evaluations, and more. In addition, the planning and design engineering firm will perform environmental studies, cost estimating, and develop construction documents and preliminary and final design plans.
Facilitating lower vehicle speeds is paramount in improving safety along this corridor. The installation of the raised buffer/median between the bike lane and the vehicular travel lanes will serve as a traffic calming device, encouraging slower vehicle speeds.
|Project Delivery / Contract Method||Design-Bid-Build|
|Private Partner||Business Community in Midtown District|
|Project Advisors / Consultants||
|Lenders||N/A – All funding via grants as of 5/20/2020.|
|Duration / Status||The scoping phase is complete with Kimley-Horn as the lead technical consultants for the design and engineering phase that began in early 2018. An extensive traffic study concluded in December 2019 and the project team is currently progressing with preliminary design and public engagement. The design and engineering phase is expected to continue through 2021 with construction beginning in October 2021 to be completed in October 2022.|
|Financial Status/Financial Performance||$2.9 million. The Midtown Alliance so far has secured $1 million in Midtown Improvement District funds and $1.9 million from the Federal Transit Administration in grant funds. The current total funding is $2.9 million.|
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