- Briefing Room
Macon County, Missouri
|Project Borrower / Sponsor||
Highway 63 Transportation Corporation
|Value Capture Techniques||
Sales Tax District
The City of Kirksville, Missouri formed the Highway 63 Transportation Corporation (H63TC) in 1999 through a cooperative agreement with the Missouri Highways and Transportation Commission (MHTC), and Adair County. H63TC funded, promoted, planned, and constructed two additional highway lanes along a 30-mile stretch of U.S. 63 from Macon to Kirksville in the north-central portion of the state. Specifically, the expansion extends from Route KK in Millard, Adair County south to Route DD in Macon County. Construction of the additional lanes began in May 2003 and was completed in October 2005.
The Missouri Department of Transportation (MoDOT) initially brought forth plans for the project in 1998 but construction was deferred until 2020 due to funding constraints. Residents of Kirksville decided to form a transportation corporation to fund a portion of the project. MoDOT and the MHTC were receptive to accelerating project implementation if supplemental funding from local sources could be found.
In March 2002, the MHTC approved an agreement between MoDOT and the H63TC to widen Highway 63 to four lanes between Macon and Kirksville, provided that the corporation contributed $11.5 million (up to 30 percent of total project cost) from local funding sources. In April 2002, voters in Kirksville overwhelmingly approved a ten-year, one-half cent sales tax increase to raise the $11.5 million.
Missouri Highway and Transportation Commission - $24 million
Highway 63 Transportation Corporation - $11.5 million
|Project Delivery / Contract Method||
Design-build with maintenance contract
Koch Performance Roads - Design-builder
|Project Advisors / Consultants||
Koch Performance Roads - Construction Management
Bank Midwest - Line of Credit
|Duration / Status||
Construction began in May of 2003
Substantial completion in October 2005
The half-cent percent sales tax was collected from 2003 to 2013. The final payment was made in June 2013.
|Related Links / Articles|
Missouri Highways and Transportation Commission