Economic Stimulus Funding Announced

Greensboro recently learned that it will receive $510,817 in Community Development Block Grant funding and that the Greensboro Metropolitan Planning Organization (MPO) will receive $7.3 million for roadway improvements as part of the Recovery Act funds. It is also anticipated that an additional $5.4 million will soon be allocated to Greensboro for transit improvements as part of the Recovery Act funds.    

The $510,817 will be allocated to Housing and Community Development (HCD). Staff will seek input from the community and approval from City Council regarding which qualifying projects should be funded with these dollars.

Since Greensboro has a population of over 200,000, the Greensboro MPO will be able to direct which roadway projects the $7.3 million will go towards. The Technical Advisory Committee (TAC) of the MPO will make the final decision regarding the use of these funds. Council’s representatives on the TAC are the Mayor Yvonne Johnson, Councilman Robbie Perkins, and Councilwoman T. Dianne Bellamy-Small. The Greensboro MPO staff will make recommendations to the TAC and will consider New Garden Road, Lake Jeanette Road, S. Elm-Eugene Street, Hornaday Road, and the resurfacing of various streets (all projects on Council’s Stimulus Projects List). These projects should be “shovel ready” within the timeline defined in the Recovery Act.

The Recovery Act will also include an additional $20.9 million to the N.C. Department of Transportation Division 7, which includes Greensboro, Burlington, High Point and Chapel Hill. It is anticipated that the $20.9 million allocation to Division 7 will be made by the end of March and could provide additional roadway improvements to Greensboro. Transportation projects from the City's stimulus list include the following:

Bus Maintenance & Operations Facility $17 million
Cone and Nealtown Road Extensions $10 million
New Garden Road Improvements $5.5 million
Hornaday Road Extension $4.5 million
Four Hybrid Buses $2.5 million
Sidewalk Installation (multiple locations) $3.5 million
Corridor Improvements (Summit Ave.,
High Point Rd./Lee St., and S. Elm-Eugene)
$18 million *
Fleming Road/Horsepen Creek Road Connection $4 million
Creek Ridge Road (widening/sidewalk installation $6.5 million
Lake Jeanette Road (widening/sidewalk installation $6 million
Transportation Department Total $77.5 million

*S. Elm-Eugene resurfacing represents $2.3 million of this group.