The Idaho Transportation Department (ITD) has allocated an additional $96 million dollars to acquire needed right-of-way real estate for the Highway 16 Extension (aka Central Valley Expressway) to I-84.
(North is 90 degrees to the right)
That funding is in addition to $6 million that was released this past summer for initial engineering needed for the project.
When completed, the Central Valley Expressway will connect Emmett to I-84 and relieve Eagle Road congestion by providing residents of Northwest Meridian, Star, and Emmett easier access to I-84.
Residents of those areas will be able to reach I-84 within minutes while avoiding busy Eagle Road.
The new funding is in response to several major real estate developments recently announced for the Chinden Blvd. corridor.
Those new developments include the proposed $100 million Central Valley Plaza development that will be built by Ball Ventures Ahlquist in partnership with Brighton Corporation, to be located on Chinden Blvd. near Highway 16.
The Central Valley Plaza project will initially include 90,000 sq. ft. and be anchored by a new Hospital Corporation of America medical center, a Veranda Senior Living facility, as well as office and retail space.
Other recently announced Chinden Blvd. projects include the new Meridian Costco store, the Linder Village development anchored by Winco, and several other major planned developments.
Preliminary design of the Central Valley Expressway extension includes six lanes with a new I-84 interchange and various interchanges with major local roads.
The total cost of the Central Valley Expressway extension was estimated at $400 million in 2011, but that cost is expected to rise substantially by the time it is built.
Funding for construction of the highway extension has yet to be determined.
Given the rapid growth of the Northwest Meridian area, it seems likely that the Northwest Meridian area near Chinden Blvd. and Highway 16 will become the epicenter of growth for the Boise Metro area in the near future.
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