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Rose 0.25 update: staff cite $480 million identified, $1.48—6$1.6 billion funding gap and site risks
Summary
Interim project director Monica Blanchard told CIAC the Rose 0.25 project has about $480 million in identified funding (including a partially rescinded federal grant) against a roughly $1.96—6$2.08 billion cost estimate, and that unanticipated underground conditions and scope growth are key risks.
Monica Blanchard, interim project director for Rose 0.25, told the committee the project is broken into funded and unfunded phases and that the agency has received federal environmental approval. She reported a current cost estimate "1.96 to 2,080,000,000" and said "We currently have $480,000,000 in total funding," citing $388,000,000 from House Bill 2017, $32,000,000 in other federal/state/local funding and $68,000,000 from a Reconnecting Communities grant; that leaves a funding gap of roughly $1.48—6$1.6 billion based on current estimates.
Blanchard walked the committee through risks discovered during early construction: longitudinal joint damage between adjacent northbound/southbound bridges, extensive buried materials (asbestos-containing material and old concrete slabs), numerous drilled shafts near the Moda Center transit center, and the potential for scope growth that could increase cost. She confirmed the agency had obligated the reconnecting-communities grant dollars to right-of-way, PE and utilities for the southern third of the highway cover, but said unobligated construction funding from that program was rescinded in a recent federal action, which materially increased the project's funding gap. Staff agreed to provide a clearer sources-and-uses breakdown tied to project phases in the next report iteration.
