The City's Department of Transportation and Engineering (DOTE) applied for the grant in August. If the grant is awarded, the City will be required to provide a local match of $600,000 from appropriated DOTE capital funds.
The interchange is part of the Uptown Access Study, an initiative to improve the highway, interchanges, arterial network, and transit systems along the Interstate 71 corridor between the Ohio River and Dana Avenue.
A June study by the University of Cincinnati Economics Center estimated that the new interchange would have a $101 million economic impact and create 2,000 jobs in the Uptown neighborhoods.
Previous reading on BC:
Study: I-71/MLK interchange to create 2,000 jobs, have $101M impact (6/7/12)
Conversion of Taft and E McMillan should wait, report says (8/9/10)
Cincinnati authorizes funding, cooperation for I-71 corridor (2/11/09)
