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Rose Quarter update: ODOT reports $480 million allocated, roughly $1.5 billion gap
Summary
ODOT told lawmakers the Rose Quarter program now shows a $1.96–2.08 billion estimate, with $480 million committed and federal rescissions eliminating planned unobligated funds; staff will seek value engineering and funding options at the Dec. 11 OTC meeting.
Monica Blanchard, interim project director for the Rose Quarter Project, briefed the joint interim committee on the project’s status and an updated cost picture.
"This cost estimate for the overall program ... is 1.96 to 2,080,000,000.00," Blanchard said, and noted that Rose Quarter currently has about $480,000,000 allocated. She told the committee that recent federal actions rescinded unobligated portions of a Reconnecting Communities…
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