3/26/24 - Part 5 - SC County Supervisors - Overview of Project Funding and Costs

This episode outlines the funding and cost considerations for the project. The project received a record $67.6 million grant from the California Transportation Commission and additional funding from Measure D, totaling $84.9 million.Cost estimates have risen due to various factors like increased construction costs and expanded project scope, requiring an extra $28 million for construction and right-of-way phases.It details potential strategies to bridge the funding gap, such as applying for more grants and reallocating existing funds, alongside options to reduce costs without altering the project's scope. The county aims to finalize funding through a combination of these strategies while keeping stakeholders informed and involved in decision-making processes.3/26/24 - SC County Supervisors notes and linksMeeting Portal with video linkhttps://santacruzcountyca.iqm2.com/Citizens/Default.aspxAgendahttps://santacruzcountyca.iqm2.com/Citizens/FileOpen.aspx?Type=14&ID=1698&Inline=TrueThe Agenda Packet it also available on the Portal. It is a very large file.Sections of the Agenda Packet related to the topics covered in the podcast and divided into smaller pieces are here:https://drive.google.com/drive/folders/1lOM1-HtpaUYHBFU31P9qJK-S7QQCzQht?usp=drive_link