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CVTA TAC backs revised Option 5a to reallocate roughly $73 million for regional projects
Summary
The Central Virginia Transportation Authority Technical Advisory Committee recommended Option 5a, a revised funding plan that reallocates an estimated $48 million in unallocated round‑4 funds plus roughly $25 million freed by deallocation, advancing several projects including Fulton Yard and other bond candidates; the recommendation goes to the Authority for final action after a public review period.
The Central Virginia Transportation Authority Technical Advisory Committee voted to recommend a revised Option 5a for allocating the unallocated balance from the CVTA round‑4 prioritization process, advancing a package of projects and sending the recommendation to the Authority for final action.
Chet, TAC staff, told members the scoring framework produced roughly $48,000,000 in unallocated funds and that deallocating three projects under the established framework would add about $25,000,000 more, “that gets us to the $73.02,” creating a pot the Authority could use to fully or partially fund other projects. The TAC discussed five ways to use the balance, from leaving funds unprogrammed to advancing bond‑candidate projects by funding preliminary engineering and right‑of‑way.
The recommendation approved by TAC members — Option 5a — is a…
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