Sandy Myers 540-332-9201
Ken Slack 540-332-9264
Oct. 15, 2009
COMMONWEALTH TRANSPORTATION BOARD DEALLOCATES FUNDS FOR ACCESS ROAD
STAUNTON – At its monthly meeting in Richmond the Commonwealth Transportation Board (CTB) de-allocated $350,000 in recreational access funds for the Big Gem Historical and Recreational Park. Several years ago the Shenandoah Town Council and the Page County Board of Supervisors requested recreational access funds to provide adequate park access.
The CTB approved the allocation of $333,250 in recreational access funds for the project on Nov. 14, 2004. Of the $333,250, the unmatched funds equal $250,000 and the matched funds equal $83,250.
Environmental activities created an unforeseen delay in the project and the estimated cost of the work increased. The Town of Shenandoah requested a supplemental allocation of recreational access funds and on Sept. 18, 2008 the CTB allocated an additional $16,750 to the project making the total allocation $350,000 of which $250,000 is unmatched and $100,000 is matched.
On Sept. 1 the Town of Shenandoah notified VDOT that following project bids and a review of the current economy’s effects on the Town’s financial resources, the Town of Shenandoah could not provide its matching funds.
In compliance with the Code of Virginia and the CTB’s Recreational Access Policy the CTB must rescind the allocation for this project in order to make the funds available for future use by the CTB.
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