BLOOMINGTON, Ind.– The I-69 project between Bloomington and Martinsville has been pushed back again.
The Indiana Finance Authority said I-69 Section 5 won’t be complete until August 2018– nearly two years after it was supposed to be finished.
“In the interest of moving I-69 Section 5 to completion, the IFA has engaged in negotiations with the developer’s bond holders and has made an offer to buy out the bonds and transition the I-69 Section 5 project under the State’s direct management. The developer’s bond holders have not accepted IFA’s offer to date. At this time, the state is moving forward with the goal of assuming control of the project,” said IFA Public Finance Director Dan Huge.
This is the fourth time the estimated completion date has been pushed back. The state is trying to take over the project, which is currently a public-private partnership.
“In the process of negotiations with developer’s bondholders, the door was opened for IFA and INDOT to discuss the project schedule with various subcontractors working on the project. Based on that expertise, the State is revising the completion date to on or before August 2018. This new completion date will not affect the opening of four continuous lanes of traffic in the greater Bloomington area in August 2017,” said Huge.
The Bloomington Mayor’s office issued the following statement:
“We are of course disappointed and concerned about another announced delay for the completion of Section 5 of the I-69 extension. The announced completion date of August of 2018 is almost a full two years after the original deadline. Our residents and visitors to this area deal with hazardous construction zones daily, which all too often result in loss of life. We are heartened to learn that the state is expected to take control of the project – a request we made to the Governor’s office months ago.”
The I-69 Development Partners Team also announced intermittent ramp closures at the State Road 37/State Road 46 interchange Monday.
SR 37 exit ramps to SR 46 and the SR 46 on ramps to SR 37 will be closed intermittently for a maximum of 30 minutes each to perform paving operations on the ramps.
Work associated with the ramps on southbound SR 37 is scheduled to begin on June 7 at 9 p.m. and will be completed by June 8 at 6 a.m. Work associated with the ramps on northbound SR 37 is scheduled to begin on June 8 at 9 p.m. and will be completed by June 9 at 6 a.m., weather permitting.