The city needs an interchange at Rancho del Oro Drive to serve the area'sblossoming development, which includes the proposed $1.2-billion office campus byIdec Pharmaceuticals. But local opposition to the project has resulted in adecision by Caltrans to conduct a full environmental impact study--a processthat will take at least three and possibly five years, city planners say.

The city has been wrapping up its own environmental studies and was expected tounveil a draft report in October, hoping to break ground on the new interchange within only two years. The decision by state transportation officials to conduct a new impact report will prevent the project from moving forward until mid-2005, says Public Works Director Peter Weiss.

Added studies will also probably triple the price tag of the $12 millionproject, city officials say.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.