A number of key infrastructure projects within the City have been financed using RDA funding, resulting in a direct local benefit to the community.
Old Town Streetscape
Approximately $5.1 million in local RDA funds were expended for the Old Town Streetscape Improvements resulting in over $66 million leveraged in private investment as a result of the project. The design and construction of these improvements generated over 60 private sector jobs and also improved walkability, comfort and pedestrian activity in Temecula’s downtown, generating more business within the district and local tax dollars as a result of increased retail sales. Since this time, the money generated as a result of these improvements has been used to fund other projects and improvements within Old Town, spurring recent development and economic growth in the area.
Rancho California Road Bridge Widening
The Rancho California Road Bridge that spans across Murrieta Creek from Old Town Front Street to Diaz Road was widened to accommodate six lanes of traffic using RDA funds. The project expended approximately $4.7 million in local RDA funds and resulted in over $61 million leveraged in private investment. The project also created approximately 200 private sector jobs for the design and construction of the project. This project helped mitigate traffic congestion during peak hours at the intersection of Rancho California Road and Old Town Front Street. It also improved the flow of eastbound traffic onto I-15 and improved the flow of traffic into the business park area located west of the creek. It also improved the flow of traffic into Old Town.
First Street Bridge
$4.3 million of local RDA funding was used to pay for the construction of the First Street Bridge located in Old Town. This project generated nearly $56 million leveraged in private investment as a result of the project. Additionally, the First Street Bridge provides an important east/west connection across Murrieta Creek and provides an additional vehicular access point into the Old Town area. The design and construction of this project created over 500 private sector jobs. This connection will eventually link to the future western bypass which will be a regionally significant transportation corridor providing greater mobility and access to and from the city which will support local economic growth and spur future development.
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