Laserfiche WebLink
Page 4 of 6 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />improve access to essential destinations such as nearby healthcare centers (including Kaiser Permanente <br />and Stanford Medical Centers), grocery stores, recreational opportunities, and educational institutions. <br />Exhibit 1: Equity and environmental burden designations in and around SR84/US101 Project Area. Source: <br />Redwood City project website: www.RedwoodCity.org/101-84. <br />By reducing congestion, the Project is expected to significantly reduce air pollution, cutting emissions of <br />all major air pollutants by an average of 75%. The Project will also connect communities to open space <br />along the Bay shoreline, enhance transit access, and improve access to essential destinations such as <br />nearby healthcare centers (including Kaiser Permanente and Stanford Medical Centers), grocery stores, <br />recreational opportunities, and educational institutions. <br />FISCAL IMPACT <br />The project is estimated to cost $384 million dollars, reflecting a $60 million increase from the previous <br />working estimate based on 2018 unit prices. The primary areas of increase were material costs for <br />concrete, structural steel, and asphalt. These increases were reported to the City Council’s 101/84 Ad Hoc <br />Committee and were incorporated into the subsequent funding requests. Project cost increases are also <br />attributed to rising inflation and higher construction labor costs. <br />In 2024, the Project was awarded two large grants: <br />In June 2024, the regional Metropolitan Transportation Commission (MTC) awarded $48 million in <br />regional bridge toll funds to the project. <br />9.A. - Page 4 of 6 <br />84