Committee authorizes UPWP amendment to cover benefit‑cost analysis for Loop 88 grant application

The committee approved an amendment to the UPWP to formally include a benefit‑cost analysis (BCA) line after staff used a consultant to complete a BCA required for an ENRIX grant application. Mr. Lucero explained the BCA compared 30‑year costs and benefits for Loop 88-related elements and reported the study’s earlier results showed an undiscounted return of about $8.7 back per $1 spent and a discounted return of roughly $2.4 per $1—exceeding the federal threshold that typically disfavors ratios below $2.