Last week, the Iowa Department of Transportation Commission took action to approve Revitalize Iowa Sound Economy (RISE) funding to support improvements to an existing roadway and for the construction of a new road to support the Daisy Brand and other growth in the community of Boone.
The City of Boone will receive a RISE grant in the amount of $3,025,530. The City received the maximum award amount per job based on the 255 new jobs to be created because of the Daisy Brand project. The improvements will be for the construction of approximately 1,700 feet of Hancock Drive, including turn lanes and a traffic signal at the intersection of Corporal Roger Snedden Drive and Hancock Drive.
In addition to the City’s award, an additional $2,750,000 will be directed to the transportation district for construction of a multi-lane roundabout at the intersection of U.S. 30 and Corporal Roger Snedden Drive.
“I applaud the work of the Mayor, Council, City staff, and economic development volunteers who continue to work to support not only the Daisy Brand project implementation but their reaction to embrace future growth in the community of Boone,” said Dan Culhane, President & CEO of the Ames Regional Economic Alliance. “We acknowledge the support from the Iowa Department of Transportation for these very generous funding awards in support of economic development in our region.”
Final engineering will begin soon on both projects. It is anticipated that it will take two-three years before roadway projects are completed.
