The Indiana Department of Transportation has reached an agreement to transfer nearly six miles of State Road 22 to Kokomo. In exchange for taking over responsibility, the city will receive more than $4 million in cash and federal funds.
June 27, 2014
Indianapolis, Ind. — The Indiana Department of Transportation and Kokomo Mayor Greg Goodnight have reached a tentative agreement to transfer 5.8 miles of State Road 22 to the city in exchange for cash and federal funding totaling more than $4 million.
“State Road 22 travels through the heart of Kokomo,” said Mayor Goodnight. “We believe this transfer is good for both INDOT and the City.”
Pending contract approval, the city of Kokomo would take over responsibility for State Road 22 where it follows Sycamore Street, Washington Street and Markland Avenue between the west city limits and the new U.S. 31 freeway. As compensation, the city would receive $1 million in cash and just over $3 million in federal funds over the next three years to use for transportation improvements.
“This agreement allows the city to develop the road to community standards and fund transportation improvements across the city,” said INDOT District Deputy Commissioner Brandye Hendrickson.
This announcement follows ongoing meetings and discussions between INDOT and local officials, State Reps. Mike Karickhoff and Heath VanNatter, and State Sen. James Buck.
INDOT remains fully committed to continuing support of Kokomo and Howard County. During the past seven years, INDOT has invested an average of $53 million per year on highway improvements in Howard County. Transportation taxes collected in the county is approximately $13 million annually.
Source: Indiana Department of Transportation