I-270/US 33 INTERCHANGE PROJECT PLANS UNVEILED
MAY 28, 2014
The City of Dublin, in partnership with MORPC, Union County, Columbus Partnership, Columbus 2020 and Columbus Chamber have submitted a TIGER VI grant proposal for $15 million to assist with construction of the I-270/US 33 Interchange Project slated to begin construction in February, 2015. A timetable of improvements for the project was announced today.
The project will make the interchange safer, and help the region retain and grow jobs while improving the overall greater Columbus transportation network, expanding the region's position as a global logistics hub.
The new interchange will reduce congestion, eliminating unsafe weaving movements that have led to about 127 crashes annually. Post-construction, that figure is expected to drop by almost 23 percent, to 98 annual crashes.
An estimated 18,800 trucks move freight through this corridor each day. The improvements will reduce truck vehicle hours traveled by nearly 895,000 hours over 20 years, which amounts to more than $23 million in travel time savings for truck drivers and $50.7 million in commodity time savings.
The new interchange is forecast to continue to be a catalyst for development in the zoned, compact acreage fronting the interchange and US 33 in Dublin and Union County during the next 20 years, creating 44,600 direct jobs and 59,900 indirect jobs, resulting in $2.8 billion in economic impacts.
The increase in productivity to commuters, truck drivers and goods movement is estimated at $144.2 million over the 20-year project life.
TIGER VI grant awards may be selected and announced in June. Information updates on the project will be available at 27033interchange.org. Companies can also ask for a project briefing by emailing ODOT at D06.CustomerService@dot.state.oh.us.