Council approves $4.6 million transfer for overpass project

Work continues on the overpass project in downtown Columbus. City Council approved a resolution Tuesday night to authorize the Redevelopment Commission to transfer $4,662,005 into the Railroad Overpass Fund to pay towards the project. This should cover city’s final payment to INDOT, which is due December 1st.

The Redevelopment Commission approved making the payment out of funds from the Central Tax Increment Financing area on Sept. 16. However this expenditure exceeds the commission’s spending authority, so the City Council needed to sign off on the proposal.

City Engineer Dave Hayward explained that bids for the project came in last week.

Hayward adds that these bids are lower than the overall projected cost of the project.

Council approved the measure unanimously.

The overpass project is expected to be finished by the fourth quarter of 2020.