Agenda Item #4 Transportation Improvement Program (TIP) Project Cost Overruns
The City of Knoxville is requesting cost overruns for locally managed projects that exceed the limits established in the TIP programming policies adopted with the FY 26-29 TIP. Technical Committee approval is required for cost overruns in excess of 25% of the total project costs or increasing TPO federal funds in excess of $500,000.
Pleasant Ridge Road: Overrun request totals $807,754 STBG-L ($646,203 federal/$161,551 local) for the construction phase, representing 9.9% of the original total project cost
Sevier Avenue - South Knoxville Waterfront Roadway Improvements: Overrun request totals $864,973 STBG-L ($691,978 federal/$172,995 local) for the construction phase, representing 8.7% of the original total project cost
Middlebrook Pike (SR-169) ATMS Expansion: Overrun request totals $760,000 CMAQ PM2.5 ($760,000 federal) for the construction phase, representing 31.3% of the original total project cost
The total TPO managed funds request is $2,432,272 ($2,098,182 federal)
$1,672,727 STBG-L ($1,338,182 federal)
$760,000 CMAQ PM2.5 ($760,000 federal)
Attachment #4A 23-2014-037 TIP Page Attachment #4B 23-2014-032 TIP Page Attachment #4C 23-2017-051 TIP Page Attachment #4D TPO Managed Funds Cost Overrun Summary Table
Presenter Craig Luebke, TPO Staff, and City of Knoxville Staff