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Economic development corporation approves amendment to five-year capital plan
Summary
The Type A Economic Development Corporation unanimously approved an amendment to its five-year capital improvement plan on April 21, 2025, postponing construction for Alsbury Boulevard to FY2027–28, reducing the corporation's Lakewood Drive allocation to $4 million for FY2027, removing a planned High Point expansion purchase, and adding preliminary construction dollars for West Side infrastructure.
The Type A Economic Development Corporation unanimously approved an amendment to its five-year capital improvement plan at its April 21, 2025, meeting, shifting several projects’ timelines and updating fund allocations in preparation to issue a notice of intent.
Eric Oskarsen, the meeting’s presenter, said the amendment aligns the capital program with project schedules and federal funding opportunities. "In this update, we've shifted out various allocations to align with the projects, and updated the fund balances," Oskarsen said, and added…
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