Alder Drive roundabout in Truckee delayed to next spring
TRUCKEE, Calif. andamp;#8212; The roundabout planned for Alder Drive and Highway 89 north will be delayed one more year as the projectandamp;#8217;s funding is worked out.Originally planned to be built by East West Partners as part of its work with the Grayandamp;#8217;s Crossing development a few years back, the roundabout at Highway 89, Alder Drive and Prosser Dam Road was first delayed by a lack of funds due to sluggish real estate sales.When East West went into Chapter 11, the town called in the bond for the project at about $2.5 million, in hopes of getting the project under way this summer.But negotiations with the bond holder, International Fidelity Insurance Company, have slowed that process , meaning work wonandamp;#8217;t start until next spring, said Todd Landry, senior engineer with the town.andamp;#8220;Itandamp;#8217;s not going to happen this year,andamp;#8221; Landry said. andamp;#8220;But they are going to honor the bond.andamp;#8221;He said part of the negotiations have been to ensure the town doesnandamp;#8217;t pay for the roundabout.andamp;#8220;We donandamp;#8217;t want the tax payers to bail out the developer,andamp;#8221; Landry said.International Fidelity re-bid the project as well, ultimately giving it back to Qandamp;D Construction, which started the project two years ago, Landry said. The work is about one-third complete with interim improvements including a northbound left-turn pocket, new grading on Alder Drive and an eastbound right turn pocket on Alder Drive, and some wetlands mitigation work and phone line relocation could start this fall, he said.
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