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now, ready to go, we’d face a problem of very large magnitude in how to ftind it.” He added, however, that “opportunities will be coming along” and cited specifically the options for “tolls, special legislation, eligibility for federal funding, and special assessment districts.”
“In all candor, it would be unrealistic to think we’re not going to be getting some sort of federal assistance (for a bypass project),” said Mr. Pederson. He noted that allocation of financial resources for such intra-regional transportation facilities as a bypass versus facilities which service metropolitan growth versus alternative transportation systems will be “debated long and hard” in Maryland in the coming four to five years.
And when all the studies are completed for the proposed bypass, the results may show that “the cost is so high we can’t begin to think about financing anything,” Mr. Pederson said, adding, however, “it’s unlikely well reach that conclusion.”
Once the final east and west route candidates are determined, cost will be estimated for “each alternative or combination of alternatives.”
The projection will incorporate roadway construction, based on per mile figure; structures, including bridges, culverts, and retaining walls calculated from an agreed upon dollar value per square foot; rightof-way acquisition determined by an average worth in the area for undeveloped land, developed land, and structures, plus relocation assistance; and project planning and preliminary engineering at a standard percentage of the total.
90.0%