Centerra Parkway Completes Link to Create 14 Mile Arterial Parallel to I-25
LOVELAND, CO – June 8, 2007 – Northern Colorado drivers will enjoy a safer, more convenient alternative to I-25 this fall when traveling between Loveland, Fort Collins, and Windsor. McWHINNEY is pleased to announce that the construction of a 1.5 mile stretch of Centerra Parkway (County Road 5) from Highway 34 north to Crossroads Boulevard will be complete this October.
Construction began in May 2006 for the $12 million Centerra Parkway connection, which includes a roadway underpass beneath the Union Pacific Railway, roadway grading, and paving.
“The Centerra Parkway connection will allow for greater connectivity, convenience, and overall safety by diverting in-town traffic away from the interstate,” said Rich Shannon, Vice President – Infrastructure, McWHINNEY.
This regional transportation improvement has been made possible by a partnership among McWHINNEY, the Centerra Metropolitan District, and the City of Loveland. Funding for Centerra Parkway was generated from the fees, sales tax, and property tax revenue collected at Centerra through McWHINNEY’s Master Financing Agreement (MFA) with the City of Loveland.
Due to the absence of federal, state and regional funding for major road and highway projects, the Centerra Parkway project, and the MFA-supported improvements to the I-25 interchanges at US-34 and Crossroads Boulevard are the only major congestion relief and safety improvement projects planned in northern Colorado for the foreseeable future.
Construction crews working on Centerra Parkway include Connell Resources as General Contractor, Empire Management as Construction Managers, Coffman and Laub, Concrete Structures, Culvert and Inlets, Son Haul, and Geisman Seeding as major sub-contractors. Northern Engineering, Earth Engineering, and GE Construction are also performing work on the project.
McWHINNEY, headquartered in Loveland, Colorado, is a team of talented people who are passionate about creating great places for people and providing fabled service to our customers. We develop innovative and sustainable master-planned communities and vertical commercial and mixed use projects. Since 1991, McWHINNEY has planned and developed more than 5,000 acres in several master-planned communities and over 3.3 million square feet of vertical commercial and mixed-use properties throughout the Rocky Mountain region and on the West Coast. For additional information, visit www.mcwhinney.com.