HOW WOULD THE ROAD BE PAID FOR?
Tolls on new road (20 cents a mile)
GRAYSLAKE TO SCHAUMBURG
2 new regional retail clusters and 1 new lifestyle/hybrid center offering 2.3-2.9 million SF of new retail space (in an area that is currently underserved)
An additional 2-2.5 million SF distributed in downtown and infill areas and in smaller shopping centers along arterial roadways
Proposed IL Route 53
Index and congestion pricing, which means the price to travel on a road varies by the amount of traffic on the road. In
other words, users pay to enjoy significant travel time savings and improved trip reliability.
Evaluate tolling strategy along I-94 corridor for consistency with the entire Tollway system.
*A 4-cent-per-gallon gas tax across the county (similar to what is already in place in all the other collar counties). Half of revenues would go to IL Route 53 and half toward transportation priorities in the county - with the US Route 41 corridor receiving high priority.
25,500 new residential units
About 50% single-family (Remainder: Townhomes & multi-family)
(Updated April 2016) The next phase of study to examine the feasibility of the IL Route 53 expansion project is moving forward. The Environmental Impact Statement (EIS) approved by the Illinois Toll Highway Authority Board in December 2015 will be conducted in two tiers and will take approximately four years to complete (View News Release). An EIS will help answer many of the questions about what kind of road, where it would be built, or if any road should be built. Learn more. The EIS process will also include a robust public information and engagement program. The EIS is being funded by the Illinois Tollway, and conducted in partnership with the Tollway, Illinois Department of Transportation, and the Federal Highway Administration.
A 25 mile, modern boulevard that protects the natural environment and preserves the character of the area
Extends north from the current terminus of IL Route 53 at Lake Cook Road through central county to IL Route 120 where there would be a "T" that would connect U.S. Route 12 to the west and I-94 to the east
2 lanes in each direction
Depressed roadway sections to preserve community character
45 mph speed limit
FACTS & FIGURES
PROJECT LOCATION MAP
Up to 3 new industrial clusters, each with 2 to 6 million SF of new space and expansion of existing industrial clusters, totaling 11 to 12 million SF.
In April 2009, 75% of Lake County voters supported the IL Route 53 extension in an advisory referendum. In 2011, a Blue Ribbon Advisory Council, made up of a broad group of government, business and environmental leaders, reached consensus on a plan that strikes a balance between improving mobility and access, while minimizing negative environmental and long-term impacts from development. In December 2015, the Illinois Toll Highway Authority Board unanimously approved a resolution authorizing an Environmental Impact Statement (EIS).
Considered since the 1960's, it never advanced due to lack of consensus. However, over the years, the Illinois Department of Transportation has acquired about two-thirds of the needed right of way.
TOTAL ECONOMIC IMPACT:
*Require legislative approval
CATALYST FOR ECONOMIC DEVELOPMENT
$17 BILLION - $19 BILLION
Up to 3 new corporate office centers, 3-3.5 million SF, located near major interchanges
Total 1.5 to 2 million SF of professional and medical office throughout the corridor
1 hour / day • 5 hours/week • 20 hours/month
(per vehicle, round trip)
Studies show that without the new road, travel times will continue to climb as growth in the county has already outpaced transportation improvements resulting in significant congestion, especially in the central part of the county.
DEVELOPMENTAL POTENTIAL - 2040 PROJECTIONS
• 1 hour/day
• 5 hours/week
• 20 hours/month
(per vehicle, round trip)
Estimated cost - $2.3 billion - $2.65 billion
Funding gap: $1.36 - $1.91 billion
As part of the Feasibility Study, a finance committee - made up of elected officials from the corridor, along with business and environmental stakeholders - examined various funding strategies and recommended a set of options to consider. The Chicago Metropolitan Agency for Planning (CMAP) also led a cooperative planning effort with the corridor communities to develop a Corridor Land Use Plan that integrates land use and transportation for improved mobility, quality of life, natural resource protection, and sustainable economic development.
The Lake County Department of Transportation (DOT) analyzes population growth and transportation capacity and identifies where road improvements will be needed in its 2040 Transportation Plan. Traffic studies show (without the IL Route 53 extension) we would need to widen 56 miles of arterial roads and build 14.6 miles of new roads to accommodate growth. This would result in a bigger impact, and a higher cost compared to the proposed IL Route 53.
*A new special taxing district that would capture 25% of the increase in real estate tax value for adjacent, new non-residential development that would be dedicated to the Environmental Restoration and Stewardship Fund.
25,000 - 30,000 NEW FULL-TIME JOBS
(road construction and
The Environmental Restoration and Stewardship Fund would provide financial support for the protection and enhancement of the natural resources, including agricultural lands and water bodies, within two miles of the roadway. The fund will also support efforts to protect and restore at least 750 acres of land, and remediate ecological health issues that may arise within the corridor.
WHAT WOULD THE ROAD LOOK LIKE?
The Advisory Council's proposed plan integrates land use, transportation, economic development, and open space. It recommends an open space system that includes the protection and restoration of conservation lands and enhanced open space protection strategies to reconnect fragmented ecosystems, as well as innovative stormwater management techniques to minimize impacts.
An Environmental Impact Statement (EIS) will be completed that conforms with the Route 53 consensus plan that was developed with environmental stakeholders at the table. It calls for specific environmental performance requirements that would make this project the most environmentally and context sensitive roadway plan that we’ve ever seen in the area, and among the most innovative context-sensitive highways in the U.S. The EIS will also include a robust public information and engagement program including multiple meetings and opportunities for public input.
Lake County Communications
CONGESTION RELIEF AND TRAVEL TIME SAVINGS
By reducing congestion and saving commuting time, the new road will unlock economic development - which means more jobs. Also, new businesses help diversify the tax base and reduce the burden on property taxpayers, allowing for more money to go to local schools.