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In 1987, the Virginia
General Assembly gave localities the go-ahead to create special
tax districts to finance transportation improvements. Fairfax and
Loudoun Counties quickly teamed up with Route 28 landowners to form
the first transportation improvement district in the Commonwealth.
The two counties enacted a special levy of twenty cents per one
hundred dollar valuation on all commercial and industrial property
inside the 10,204-acre district. Bonds were issued to fund the construction,
and the debt service was paid by Route 28 tax revenues with a back-up
guarantee by the Commonwealth. One year later, construction was
underway to widen the two-lane road to six lanes and build interchanges
at Routes 50, 7 and the Dulles Toll Road. The 14-mile widening,
from Route 7 in Loudoun County to I-66 in Fairfax County, was completed
in 1991.
In 1995, the General Assembly passed the Public-Private Transportation
Act. This Act enables private entities to propose innovative solutions
for designing, constructing, financing and operating transportation
improvements.
In September 2002, VDOT, The Clark Construction Group, Inc. and
Shirley Contracting Company, LLC signed the Route 28 Corridor Improvements
Comprehensive Agreement that provides a combined commitment of approximately
$200 million in improvements over the next four years. Under this
phase, six at-grade, signalized intersections will be replaced with
high-capacity grade-separated interchanges. Ultimate plans call
for construction of a total of ten interchanges and widening Route
28 to eight lanes.
Clark Construction and its road-building subsidiary, Shirley Contracting,
are responsible for all right-of-way acquisition, utility relocation,
site development, design and construction services. VDOT will contribute
more than $70 million and provide project support and guidance in
accordance with the agreement to ensure the project’s success.
Funding for this project
is largely provided by the district’s tax revenues. The revenues
will support the sale of tax-exempt bonds that are backed by the
moral obligation of both Fairfax and Loudoun Counties.
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