Ordinance No. 20258 - Laserfiche WebLink

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ALTERNATWES CONSIDERED - WEP Costs and Economic Dislocation: Table 3 reports a comparison of costs and economic dislocation summary for the four alternatives. ODOT staff collected R/W preliminary estimate information to compare the alternatives. This estimate is based upon new information that details potential costs west of Beltline Highway. Staff performed less new analysis for the areas east of Beldine Highway because the Southern Alternatives do not change the design in this area; for the purposes of this report, costs already developed for the east of Beltline Highway were updated by factoring in general marketplace trends. Some properties have already been acquired for the WEP. They have been purchased at various times - as long ago as during the Roosevelt Freeway acquisition and as recently as voluntary sales related to coordination of the West Eugene Parkway/Beltline Highway purchases and in coordination with BLM fbr the implementation of ~'£W'?. The cost of these properties is not factored into the estimates provided herein. Rather, the costs shown are estimates of what would be required to complete R/W acquisition under each alignment scenario. TABLE 3: COSTS AND ECONOMIC DISLOCATION Approved FE~S Northern Southern Southern Modified Residential 0 I to 3 8 to 10 7 to 9 displacements Business 5 to 10 11 to 14 13 to 14 12 to 14 displacements Estimated No. of 25 23 52 57 PJW Fi~es 1998 ~ Cost $8,700,000 $14,780,000 $30,280,000 $25,180,000 Construction Costs $63,655,465 $74,006,809 $85,282,394 $85,282,394 Total Costs $72,355,465 $88,786,809 $115,562,394 $110,462,394 % of Approved 100% 122.7% 159.7% 152.7% FEIS Total Casts ~[lae WEP is designed as a limited access facility to move traffic thrOUgh the west side of Eugene as part of Highway 126. The existing route follows West 11th Avenue which has been so highly developed with accesses to various businesses that it is very inefficient as a route for through traffic~ To avoid similar failure problems, the limited access proposal for the WEP does not allow direct access to individual ownerships. The West Eugene industrial market is fairly strong after a long lull due in part to developers' concerns over wetland mkigation procedures. The influence of the building of a large Hyundai manufacturing plant in this area, and the advent of the wedand banking process have provided the stimulus to increased development actMty. Based on general discussions with local realtors, appraisers and assessors the market is currently experiencing an increase of approximately 6% per year in industrial land prices. This is subject to change at any time because of swings in the EXHIBIT C-2 - F~ND~NGS 17