Board OKs sale of $100M in bonds for Vegas freeway

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Updated: 1/13/2014 6:50 pm

CARSON CITY, Nev. (AP) — State officials are on a fast track to ease traffic gridlock on Interstate 15 in Las Vegas.

The state Board of Transportation on Monday approved the sale of $100 million in bonds to buy right of way for the freeway expansion known as Project Neon.

Total cost is estimated at $1 billion. The project will be a partnership between the state and a private company that will help finance, build and maintain it.

The Las Vegas Sun reports that according to Department of Transportation, three companies have expressed interest and one may be selected later this year.

The bonds are expected go on sale in late February.

About 257,000 vehicles a day travel the stretch of freeway being widened from Sahara Avenue to the Spaghetti Bowl.

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!

Featured Segments/Shows

All content © Copyright 2015 Intermountain West Communications, LLC. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
You may also view our Sitemap

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.