“The City is delighted that FHWA approved the new interchange. The importance of Exit 118 to our economic future cannot be overstated. The new exit adds a viable commercial exit to the Technology and Commerce Center. The City is grateful to Nevada Department of Transportation for seeking the approval in the City’s behalf. In particular, I want to recognize Tracy Larkin-Thomason, NDOT Deputy Director for Southern Nevada, for shepherding the approval through the FHWA process,” said Mesquite Mayor Mark Wier.
Larkin-Thomason remarked, “It is important to work with our transportation partners to help deliver projects that are important to the vitality of the area. We are excited to see the project move forward.”
This project is being funded by Fuel Revenue Indexing (FRI) that was approved by the Board of Clark County Commissioners to help fund 185 critically needed transportation projects in Southern Nevada. The RTC oversees the expenditures of FRI funds. “We are looking forward to seeing this project being built,” said Tina Quigley, RTC General Manager. “Exit 118 will help welcome new businesses to Mesquite, generate economic development and will benefit the region as a whole.”
The new interchange will open up a new area to development in Mesquite. “The potential for the property around the new interchange is great,” observed City Manager Andy Barton. “City Staff stands ready to work with developers and businesses who want to grow Mesquite.”
Gaye Stockman, President and CEO of Mesquite Regional Business, pointed out one of the potential positive economic benefits the project could have too. “We are excited for this project to move forward, because MRB is actively recruiting warehouse and distribution centers.”
A project of this scope requires a variety of approvals from differing agencies at every level of government. Mesquite Public Works Director Bill Tanner pointed out, “ This is the last major hurdle that the City has to clear in the approval process. There are still some minor administrative hurdles left, but we are well on our way.”
Generally, projects along the interstate are under the jurisdiction of NDOT. Consequently, there will be future agreements with NDOT. Additional agreements with the RTC will have to be secured, because the RTC is funding the project. All of these items will be forthcoming and approved publicly by the proper public bodies.
About Fuel Revenue Indexing
Fuel revenue indexing ties the fuel tax to the rate of inflation so critically needed transportation infrastructure projects can be funded in Southern Nevada. In Clark County, the indexing is effective from Jan. 1, 2014 to Dec. 31, 2016. For motorists, that means an additional 3 cents per gallon at the pump, or a dime a day for the average driver in the next three years. The funding will generate up to $700 million in revenue to fund 185 regional and locally significant transportation projects and create between 8,931 and 9,467 person years of employment. For more information visit www.rtcsnv.com/fri.