Cobb County’s portion for a new Georgia Department of Transportation entrance/exit ramp at I-75 and Akers Mill Road will cost an estimated $15 million, but only if the project can be funded fully from other sources.
With an estimated total cost of $37.5 million instead of July's estimate of nearly $23 million, this ramp will be an addition to the I-75 Northwest Corridor Managed Lanes System project, according to Cobb County Department of Transportation Director Jim Wilgus in a Tuesday memo to Cobb County Manager David Hankerson.
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The redesigned ramp would provide more direct access to the 27-mile GDOT Managed Lanes System by bypassing local roads for the more than 100,000 motorists traveling to and from the Cumberland area daily.
Along with SunTrust Park, the Cumberland area will have more than 9 million square feet of new office, hotel, residential and recreational development, including:
- Five new office towers.
- 640 new hotel rooms.
- 13,000 new residents.
Additional funding sources are expected to come from the Cumberland Community Improvement District at $5 million by Dec. 31, 2018; the Atlanta Regional Commission at $4 million and the State Road and Tollway Authority at $4.5 million.
By Dec. 31, the county should find out if federal grants also will be available.
When these funding sources can be confirmed, then another agenda item will come to the commissioners for the project’s approval and transferring of funds.
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