Miami Condo Market and Lifestyle Updates
Replacing the Signature Bridge with a Tunnel is $1.3 Billion

Replacing the Signature Bridge with a Tunnel is $1.3 Billion

by Sep Niakan | February 04, 2016

The Florida Department of Transportation (FDOT) looked over a proposal that asks to place part of Interstate-395 and Biscayne Boulevard underground, as opposed to building the Signature Bridge that has been in the works.

FDOT came to a few conclusions, and not many of them are good.

First, the tunnels would cost $1.3 billion more than the Signature Bridge would cost, making it the more expensive option.

Second, those tunnels would be closed down during hurricanes and floods, closing crucial evacuation routes.

Third, the Metromover would need to be rebuilt and reformed, which has its costs and delays.

Fourth, Biscayne Boulevard and other streets nearby would be closed during the construction, further disrupting traffic.

Fifth, some crosswalks for pedestrians would be removed near the tunnels. Streets in the area would also be elevated, making it harder to access by foot.

Sixth, the soil of the area could be contaminated, since it was occupied by the Belcher Oil Terminal & Tank Farm before its current state.

Lastly, there would be a five year setback, in addition to the time already needed, for the Supplemental Environmental Impact Statement.

Gus Pego of FDOT will present the findings to Miami Commissioners, along with an update on the Signature Bridge.

 

 

Source: thenextmiami.com

Photo credit: thenextmiami.com

Recent posts

Real Estate News

Miami’s New and Pre-Construction Condo Update: August 2017

by Sep Niakan | September 17, 2017

August comes up with quite some movement for the preconstruction condo market in Miami. We have Aston Martin Residences gearing up for a fall groundbreaking, Canvas and The Harbour successfully topped off, 1010 Brickell got its ok to open and...

Opinions and Advice

Back to school

by Sep Niakan | August 29, 2017

Septembers can be a sobering time for most as we say goodbye to summertime frolic. Kids are either back to school or are gearing up for it. Parents are busy running around, trying to get everything and every kid organized. It’s back to the...

Opinions and Advice

4 Property Tax Savings and Benefits when Buying Property in Florida

by Sep Niakan | August 29, 2017

For most people, paying taxes equals one big headache. In Florida, knowing your tax laws is worth the pain. Being a Florida resident, you can gain from many tax-saving programs. You can also find affordable real estate in big cities like Miami....

Lifestyle

September Events to Spice Things Up In Miami!

by Sep Niakan | August 27, 2017

Summer may be on its way out, but that doesn’t mean things have to fizzle down. There’s a whole bunch of stuff to do this month, especially around Labor Day weekend. Scroll through our top picks and plan a fun September in...