A recent audit found North Carolina has spent approximately $61 million studying and planning the proposed Mid-Currituck Bridge project since 1995 — yet construction has not started.
📊 Key takeaways:
• 💰 $61M spent over nearly 30 years
• 🌉 Estimated project cost has grown to approximately $1.2 billion
• 📉 Projected daily traffic declined from 12,600 to 7,700 vehicles
• ⚠️ NCDOT recently indicated the project may not be financially feasible
• 🏗️ Local residents and businesses are seeking a definitive decision
For property owners, investors, and business owners, infrastructure uncertainty creates challenges.
📍 Major transportation projects influence:
• Land values
• Development patterns
• Site selection decisions
• Traffic flow and customer access
• Long-term investment strategies
Whether a project moves forward or not, certainty often matters as much as the outcome.
#CommercialRealEstate #CRE #Infrastructure #EconomicDevelopment #NorthCarolina #LandDevelopment #SiteSelection #RealEstateInvesting #TransportationPlanning #PropertyOwners #BusinessOwners #GrowthMarkets 🚧🏢📈🌉
