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Council adopts updated Transportation Master Plan; staff flags multi‑decade funding gap
Summary
Council approved a new Transportation Master Plan that updates traffic forecasts and project lists; staff said existing revenues would take decades to fund all recommended projects and recommended revisiting impact fees and developer exactions.
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The Town Council adopted an updated Transportation Master Plan that refines traffic forecasts, identifies priority road and intersection projects and recommends studies and funding options to address forecasted growth.
Dan Siler (presentation) summarized work that incorporated regional DRCOG projections, local land‑use updates and completed and planned projects. The plan updates corridor and intersection needs through a long‑range horizon and adds studies focused on high‑volume areas such as Founders Parkway/Meadows Parkway.
Staff emphasized a substantial funding gap: at current revenue levels the town would need roughly two decades to complete the plan’s capital list. Town Manager David Corless and staff told council the update recommends a range of options to accelerate projects, including raising transportation impact fees, negotiating exactions for beneficiaries of the Crystal Valley Interchange, and seeking grant funding. Corless said the town prefers pay‑as‑you‑go (cash) financing rather than long‑term bonds but would evaluate all options.
Councilmembers raised concerns about congestion on Founders Parkway and the Allen/Alexander area and asked staff to return with funding scenarios, including the impacts of higher impact fees on housing affordability and potential phasing. The council unanimously adopted the resolution approving the plan and directed staff to include transportation impact‑fee review as part of the upcoming budget discussions.
