Public Improvement Fund
Capital project: Cottonwood Widening – Jordan Road to Cherry Creek Project cost: $7,538,000 2016 cost: $968,000 2018 cost: $6,570,000 Operational impact: Maintenance and repair costs.
Council goals achieved: Promote a Safe and Healthy Community: Due to the approval of the Cottonwood Highlands development and the redevelopment of the Cottonwood King Soopers site, the east-west traffic patterns on Cottonwood Drive are anticipated to increase. In order to address this increase, the widening of Cottonwood Drive between Jordan Road and Cherry Creek will need to commence. With the plan for Cottonwood Drive to be extended to Chambers Road and the adjacent development of the Cottonwood, Compark and Crown Point areas, there will be a continued increase of traffic on Cottonwood Drive in the future. The widening of Cottonwood Drive will be a community enhancement to support the economic development of this area. Description/Discussion: The Town constructed the original 2-lane Cottonwood Drive bridge over Cherry Creek in the 1980’s. This 2 -lane configuration over Cherry Creek has supported the adjacent development for almost 30-years. In 2015, the Town approved the Cottonwood Highlands development west of Jordan Road. This project will result in additional residential and commercial development west of Jordan Road. This project will also construct Cottonwood Drive west of Jordan Road and Chambers Road. Due to the anticipated Cottonwood Highlands development and the anticipated Compark plus Crown Point development, there will be increased traffic on Cottonwood Drive. In addition, the Town approved the Cottonwood King Soopers redevelopment which will result in increased traffic on Cottonwood Drive. In order to stay ahead of this anticipated traffic increase, the Town should commence the design and construction of the widening of Cottonwood Drive between Cottonwood Way (first intersection east of Cherry Creek) and Jordan Road.
Capital Budget and 10 Year CIP
225