May 29, 2014
The Georgia Transportation Infrastructure Bank has awarded a $4 million loan to the City of Johns Creek to repave subdivision streets.
"In 2006, the City of Johns Creek inherited a street system that was far below standard," said Mayor Mike Bodker. "Since then, we have put tremendous effort into upgrading major roads and working closely with the Georgia Department of Transportation to see that state routes are properly maintained. With these funds, we will be able to take a small step towards improving our neighborhood streets. In the coming weeks we will be looking at a long-term paving plan that will include proper maintenance. Improvement of our neighborhood streets will enhance the quality of life for our citizens, support property values, and promote economic development."
The City Council is set to discuss the loan at its June 2 Work Session, and at a subsequent work session this summer will discuss a multi-year repaving plan for the City's neighborhood streets.
In 2012, the City hired Stantec to drive all the streets in Johns Creek to assess their condition. The report concluded the City will need to spend $30 million to reach the ideal goal of bringing all of its streets to a rating of 70 out of 100.
The Georgia Transportation Infrastructure Bank (GTIB) is administered by the State Road and Tollway Authority. The GTIB provides additional funding to governments for transportation projects that add transportation and economic value to the state.