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Project Profile: Rock Creek Development Park Access Road

Rock Creek Development Park Access Road

photo credit: West Virginia Department of Commerce

Location

Boone County, West Virginia

Project Sponsor / Borrower

West Virginia Department of Transportation

Program Areas

Alternative Project DeliveryProject Finance

Mode

Highway

Description

The Rock Creek Park Development Access Road is a 2.6-mile, four-lane connecting highway beginning at US Route 119 near its intersection with WV 3 outside Danville in Boone County, southwest West Virginia. The access road will connect to the future 12,000-acre Rock Creek Development Park on the site of the former Hobet Mine property. In January 2016, the Governor of West Virginia announced plans to develop the site as a mixed-use development project supporting residential, commercial, industrial, recreational, and educational activities.

The Rock Creek Development Park itself is situated in Boone and Lincoln Counties within 25 miles of I-77, I-79, I-64, and Charleston, the state capital. The site has freight rail service operated by CSX, as well as a large power grid and natural gas lines. The state is currently promoting industrial development on the site. In addition to the access road construction, extensions to existing utilities and ongoing master planning were underway in 2017.

The project is financed with federal funds, of which 61 percent are GARVEEs issued in December 2016.

Cost

$94.5 million

Funding Sources

GARVEE bonds - $57.8 million

Federal funds - $36.7 million

Project Delivery / Contract Method

Design-build (grading, drainage, structures)

Separate contract for paving - to be determined

Private Partner

Design-builder - Bizzack Construction, LLC

Project Advisors / Consultants

Financial advisor - Public Resources Advisory Group

Bound counsel - Jackson Kelly PLLC
Lenders

Bondholders

Duration / Status

Design-build contract awarded November 2016.

Project completion estimated in November 2021.

Financial Status

Closed.

GARVEE debt service payments will made from federal-aid funding under the Surface Transportation Block Grant Program and Congestion Mitigation and Air Quality Program.

Innovations
  • The project is repurposing a former coal mine property that operated between 1974 and 2015 and promises to offer substantial economic opportunity to a region affected by the downturn of the coal industry, according to the West Virginia Department of Commerce.
Contacts

Brent Walker
Director, Office of Communications
West Virginia Department of Transportation
Tel: (304) 558-0103
brent.h.walker@wv.gov

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