Raleigh Real Estate Costs Lead to Six Forks Road Project Delay
As the city of Raleigh prepares for the reconstruction and expansion of Six Forks Road near North Hills, it has encountered unexpected challenges related to the cost of acquiring necessary real estate. The appraisals conducted for the right-of-way along the road are primarily responsible for a shortfall of approximately $56 million in the city’s budget. Despite this setback, the city remains optimistic about beginning construction about one year from now, but it must first find a solution to overcome the financial deficit.
Initially, the city allocated $60.1 million for the Six Forks Road project, which included an anticipated $14 million federal grant. However, the estimated cost has surged to $116 million due to the escalating real estate prices. To address this deficit, the city’s potential options include staggering out the project in phases, although this may result in higher overall costs and prolonged disruption caused by construction. Another alternative involves utilizing funds from a forthcoming transportation bond issue, which the city may seek voter support for in the latter part of next year.
About the Six Forks Road Improvements Project
The city aims to enhance vehicle movement and safety for cyclists and pedestrians on Six Forks Road, specifically from Lynn Road to Rowan Street, near Carroll Middle School. To achieve this, the city’s plan involves constructing a grassy median to divide traffic and introducing a third travel lane between Rowan and Millbrook Road.
The project includes the creation of separate sidewalks and bicycle paths, which will be separated from vehicles by a curb and a strip of grass. Additionally, intersections will be redesigned to provide a safer environment for pedestrians to cross the road. However, the expansion of the road requires the city to acquire land from churches, businesses, and residents along a nearly 2-mile stretch of Six Forks Road.
Your Land. Your Rights.
Many property owners aren’t familiar with eminent domain until it’s too late. Contact the experienced land condemnation attorneys at Henson Fuerst for a free consultation today by calling 919-781-1107 or submitting a case evaluation form online. We’ll address any questions you have regarding eminent domain or land condemnation and help protect your rights during this high-stakes, challenging time.