A preliminary estimate of construction cost savings from the Pine Street Coalition (PSC) Re-design Guidelines stands at $11.6 million. The $11.6 million reduction is a third of the current construction cost estimate by Vermont of $33 million and a quarter of the total project cost estimates of $44.3 million.
And please find the excellent new map so you can see for yourself the new redesign guidelines in place:
The cost savings do not include substantially increasing service to all modes, reductions in maintenance expenses, decreased pollution and storm water runoff, providing a separate walk and bike facility from Parkway/Pine Street to Curis Lumber, and signficantly reduced costs from avoided crashes and serious injuries.
The largest cost saving, not building Parkway from from Flynn Avenue to Lakeside Avenue, amounts to $13.0 million savings. Mini-roundabouts at $50,000 each replace $500,000 traffic signals at Pine/Maple and Pine/King intersections.