Truckee roundabout stalled by slow real estate sales
TRUCKEE, Calif. and#8212; The down economy and sluggish real estate market has temporarily stalled a roundabout planned for State Highway 89 north.
East West Partners made improvements to the intersection of Highway 89 north, Alder Drive and Prosser Dam Road last year with plans of replacing it with a roundabout this year, but hasnand#8217;t raised the necessary funds.
and#8220;We tried like hell to get started by July 15,and#8221; said Jeff Butterworth of East West Partners. and#8220;But due to slow and#8212; or lack of and#8212; real estate sales, we donand#8217;t have the funding.and#8221;
Butterworth said East West is trying to establish an escrow account to fund the roughly $2.5 million roundabout next summer (2010).
Since the project is bonded with the town, the roundabout will be built, Butterworth said and#8212; itand#8217;s just unsure when.
and#8220;I have a feeling the market is coming back and sales should start to occur,and#8221; Butterworth said.
The flip-side to real estate not selling in Grayand#8217;s Crossing is that the development isnand#8217;t contributing traffic to the intersection and#8212; the reason the real estate company was on the hook to build the roundabout in the first place, Butterworth said.
Dan Wilkins, director of Public Works and Engineering for the town, said last summerand#8217;s improvements included a north-bound left turn pocket, new grading on Alder Drive and an east-bound right turn pocket on Alder Drive.
and#8220;The intersection was improved substantially last year,and#8221; Wilkins said.
John Britto, with Tahoe Truckee Unified School District, said staff still is working out suggested driving routes for parents dropping off and picking up students at Alder Creek Middle School.
and#8220;We have sent fliers to parents before school started in the past asking them to avoid that intersection, and that may be continued another year,and#8221; Britto said.
Previously parents were asked to use Pioneer Trail.
Construction on another roundabout at Donner Pass Road and Pioneer Trail is slated to start next week, Wilkins said, to be complete by Nov. 1 of this year.
In contrast to the slow sales at Grayand#8217;s Crossing, Butterworth said fractional homes continue to sell well in Old Greenwood on the other side of the interstate.
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Friends of the Truckee Library gave a presentation at Tuesday’s Truckee Town Council meeting, providing an update on work to ensure a new library while asking for further support for the project.