Following is the PPRTA quarterly report prepared by the City of Colorado Springs for the third quarter of 2024. The report presents information on projects and programs to inform citizens, staff, and the board on the status, progress, and projections for PPRTA-funded activities.
Completeness
There are 34 A-list PPRTA capital improvement projects. At the end of the third quarter of 2024, 21 of these 34 projects, or 62%, are complete. The project identified as complete during the quarter include: Tutt Blvd Extension – Dublin Blvd to Templeton Gap Rd.
The remaining projects are in various phases of delivery. Figures 1 and 2 represent the projected statuses of the remaining 13 A-list capital projects at the end of 2024, 2025, and 2026, respectively. Two projects are anticipated to continue with construction into 2027, but all projects are anticipated to be complete by the end of 2027. Enlarged versions of these Figures are provided in Appendix C.
Construction on the following is ongoing: Black Forest Rd Improvements, Academy Blvd – Bijou to Airport, Academy Blvd – Fountain Blvd to Milton Proby Pkwy, Circle Dr Bridge Replacement (4 bridges), Galley Rd over Sand Creek Bridge Replacement, and I-25 Ramps: South Nevada/Tejon Street Corridor Improvements. Engineering and property acquisition continues for several projects.
Please note: the engineering phase on these projects can range from planning studies through final design and concludes with construction bidding. Each capital project includes a graphic to indicate the project status within the project lifecycle.
The locations of the 34 projects, along with the current phase, are shown on the map of Figure 3. Following the map, the next several pages elaborate upon the budget and schedule for each project.
Figure 1. Anticipated Project Status at the End of 2024
Figure 2. Anticipated Project Status at the End of 2025 and 2026
Figure 3. Project Locations with Current Phase
In addition to the A-list capital improvement projects, there are 10 A-list Capital Programs (Capital Programs) which comprise distinct groups of smaller transportation infrastructure projects and a Trail Program. Each program provides unique focus and benefits community.
Project summary reports for active capital projects and the Capital Programs are provided within the report. Summaries of the City’s PPRTA-funded Maintenance Programs are also provided.
B-list Update
Fifty-one (51) of the City’s B-list projects were identified in the PPRTA authorization. Of these projects, 14 are complete, and four are currently in engineering. The B-list projects were advanced through one of the following means: the use of non-PPRTA funding; leveraging PPRTA funds to obtain non-PPRTA funding; capitalizing on an opportunity to cost-effectively deliver both an A-list and B-list project together; or in response to an emergency repair or replacement need. Table 1 outlines the completed or in-progress projects and associated funding source(s). Projects requiring the use of PPRTA A-list funds were presented and approved by the Board of Directors.
Table 1. B-list Project Update
| Project Name | Funding Source / Comment | Status |
|---|---|---|
| Paseo Bridge Replacement over Shooks Run Tributary (south) | Grant funded with Emergency Bridge Funds for match | Complete |
| Rockrimmon II Bridge Reconstruction | Grant funded | Complete |
| Verde over Spring Creek Bridge Replacement | City’s General Fund | Complete |
| Academy Blvd – Palmer Park to Bijou St Pavement Reconstruction | City’s General Fund | Complete |
| Cascade Ave over Cheyenne Run Bridge Replacement | City’s General Fund | Complete |
| Cimarron over Fountain Creek Bridge Replacement | CDOT funded – completed with interchange | Complete |
| 21st over Fountain Creek Bridge Replacement | PPRTA Bridge and Traffic programs, 2C, Water Resources Engineering – rehabilitated to extend bridge service life until replacement funds are available | Temporary Completion |
| Mark Dabling 1 over Unnamed Channel Corrugated Metal Pipe (CMP) Replacement | PPRTA – Emergency Bridge Fund | Complete |
| Mark Dabling 2 over Unnamed Channel CMP Replacement | PPRTA – Emergency Bridge Fund | Complete |
| Rockrimmon Blvd – Woodmen to Pro Rodeo Pavement Reconstruction | PPRTA – Maintenance Funds | Complete |
| Marksheffel Road over Jimmy Camp Creek Bridge Replacement | PPRTA – completed with El Paso County’s A-list project | Complete |
| Fascination over Sand Creek Tributary Bridge Replacement | PPRTA – completed with A-list Enchanted Circle over Sand Creek Tributary Bridge Replacement project | Complete |
| Platte Ave EB over Sand Creek Bridge Replacement | PPRTA – with A-list Platte Ave WB over Sand Creek Bridge Replacement project. Both bridges replaced with one structure. EB bridge cost covered with grant funds. | Complete |
| UPRR Siding over Fontanero Bridge Replacement | PPRTA – Emergency Bridge Fund (engineering); construction needed with PPRTA A-list UPRR Mainline over Fontanero Bridge Replacement project to serve as a bypass during construction. | Final Engineering |
| Cache La Poudre over Monument Creek Bridge Rehabilitation | PPRTA – Emergency Bridge Fund and maintenance funding | Final Engineering |
| Water St over Camp Creek Bridge Replacement | Grant funded with Emergency Bridge Fund for local match with Stormwater and Colorado Springs Utilities contributions | Final Engineering |
| El Paso over Platte Rehabilitation | Claim settlement from a bridge strike. Bridge removed. | Complete |
| 8th Street over Fountain Creek Rehabilitation | PPRTA – Emergency Bridge Fund and maintenance funding; bridge rehabilitation and widening being completed with the A-list 8th St Improvements project. | Final Engineering |
PPRTA 2005-2014 Authorization Update
The following projects and activities are underway to use remaining funds from the 2005-2014 PPRTA authorization. Expenditure of these funds was anticipated to be complete by the end of 2021; however, the Marksheffel Road account receives developer funds which are collected and applied over time. These funds will be applied to ongoing Marksheffel Road improvement efforts.
Table 2. 2005-2014 Authorization Update
| Project Name | Comment | Funds |
|---|---|---|
| Marksheffel Road (Peterson Air Force Base to Black Forest) | El Paso County received a reimbursement for utility work and these funds will be used for final engineering, ROW acquisition, or construction of Marksheffel Road between North Carefree Circle and Dublin Blvd. Future developer contributions are anticipated and will be applied to the project and account. | $126,361 |
CDOT and PPRTA Impacts and Joint Participation
The City has completed a review of the Colorado Department of Transportation (CDOT) projects identified in the Pikes Peak Area Council of Governments (PPACG) Transportation Improvement Program (TIP). The following table identifies the currently programmed CDOT projects and potential PPRTA project or program impacts, along with the anticipated construction year. Please note: these projects are thoroughly coordinated with CDOT and are typically considered joint efforts or opportunities for future improvements.
Table 3. CDOT and PPRTA Impacts and Joint Participation Projects
| CDOT Project Name (CDOT Programmed Cost) | PPRTA Project/Program Impact (PPRTA Cost) | Schedule (Construction Year) |
|---|---|---|
| I-25: Fillmore to Garden of the Gods Bridge Repair | Trail improvements on Sinton Trail (potential future cost) | 2024/2026 |
| SH115 at St. Elmo Ave, Ramona Ave, and Brookside Signal Replacements ($1.8M) | Incorporate with the PPRTA A-list I-25 ramps improvements at Tejon and Nevada project ($8.7M) | 2024/2025 |
| SH21 and Airport Rd Interchange Design ($50M) | Construction to begin summer 2024. Future efforts may include possible trail connections. | 2024/2025 |
| SH21 and Milton Proby Pkwy Interchange Design ($2M) | Funded for engineering-only at this time. More information will be obtained as the design progresses. | 2023/2024 |
| SH115 and Lake Avenue Safety Improvements (~$2.5M) | Direct participation was not anticipated; however, City received grant for the intersection safety improvements at Lake Avenue and Southgate Road. Both projects are currently in development and should be completed together. | 2025/2026 |
| US24 East Widening – Garrett Rd to Woodmen Rd (~$4M) | City participation is expected to be limited to criteria consultation only | TBD |
| US24 and Ridge Rd (emerging project) | CDOT selecting an engineering consultant. City participation is expected for criteria consultation and potential connection to the Midland Trail. | TBD |
Policy 20 Notification
Construction on the Black Forest Rd widening project began in April 2022. In January 2023, the project team was notified of a possible annexation and development on the west side of Black Forest Road. The development was for multi-family residential dwellings and would require a three-quarter movement access point on Black Forest Rd rather than the planned right-in/right-out access. The modified access required the addition of a southbound right turn lane, modifications to the northbound left turn lane, and a proposed Black Forest Rd median. The developer’s engineer contacted the City to incorporate these improvements with the ongoing construction to avoid removing newly placed work in the future. The City agreed to incorporate these improvements now, as it is in the best interest of the project and the public. The developer would reimburse the City, and ultimately PPRTA, for all additional design and construction costs associated with the proposed modifications and the total cost to be reimbursed is $282,920. The developer has since cancelled the project, and the City intends to file for cost recovery from the future site developer. The cost recovery is subject to interest accrual, potentially resulting in a higher reimbursement to PPRTA.
Adjacent to the Marksheffel Road Improvements – North Carefree Circle to Dublin Boulevard project, a development at the northwest corner of Barnes and Marksheffel will necessitate the addition of auxiliary lanes. The City is working with the developer to incorporate the auxiliary lanes into the project, with the developer reimbursing the City, and ultimately PPRTA, for the associated costs.
Budget
The next several pages present the current and projected financial status of the PPRTA A-list projects. Table 4 provides an update on the City’s active A-list project contracts and presents the current budget, remaining contract values, amount paid to date, and percentage of funds used on the projects.
The City continually analyzes the remaining A-list projects, including projected revenue and current project cost estimates. The City further analyzes the anticipated additional allocation needed to complete the A-list projects and updates the Capital Improvement Plan (CIP) included in Table 5 with the budget outlook. The CIP distributes anticipated PPRTA funding needs through 2024 (without other funding sources) to complete the projects and demonstrates the ability to complete A-list projects, fulfilling the commitment to voters.
The City is closely monitoring construction commodities, bid trends, and schedule adjustments to evaluate and plan for potential construction cost changes on individual projects, and to evaluate revenue projections at the end of the current PPRTA authorization. The City is monitoring sales tax revenues to understand if projected funding will be impacted. If there are indications of decreased revenue, the City will modify its CIP to deliver A-list projects.
Project costs are continually monitored and adjusted as projects evolve and as cost certainties are refined. Budget updates occur following receipt of construction bids and after project close-out. No significant construction bids were received in the third quarter of 2024.
The City collaborates with contracting associations to obtain timely and credible third-party information about changes in relevant material costs and supply-chain snarls that may impact the cost and completion time for a project that is underway or for which a bid has already been submitted. The City includes price-adjustment clauses in construction contracts to protect both parties from unanticipated swings in material pricing. Such contract terms enable the contractor to include a smaller contingency in its bid, while providing the owner with an opportunity to share in any savings from a downward price.
The budget includes two grants received by PPRTA for the benefit of the City. These grants are reflected in the On-street Bikeway Improvements and Sinton Trail Corridor Improvements programs and total $853,000 and $3,072,725, respectively.
The CIP reflects the 2024 budget and the proposed 2025 for PPRTA 2 revenues received in 2025. Both the conservative and optimistic revenue projections were updated with the 2024 budget allocation and are presented in Table 5. The conservative revenue projection and the current projected project costs, with the growth adjustment described above, result in no contingency and possible B-list project funds.
The optimistic revenue projection is based on the projected 2025 budget for the PPRTA capital authorization from 2015 to 2024. This allocation is anticipated to include unused PPRTA Board capital reserves and a mid-year budget adjustment for previously unbudgeted revenue captured during the authorization period. On October 10, 2024, City received a claim Academy Blvd – Bijou to Airport project and the City intends to allocation additional available funds to this project and the Academy Blvd – Fountain Blvd to Milton Proby Pkwy project. Therefore, the optimistic revenue trend and the projected project costs result in no contingency and possible B-list project funds. The conservative revenue estimate is used for the remainder of this report.
Because of the claim and issues encountered on the two Academy Blvd projects, the previously anticipated contingency no longer exists.
Table 4. Active Project Financial Status Report
| Project Name | PPRTA ACCT# | Budget | Contract Amount Remaining | Spent to Date | % of Funds Allocated |
|---|---|---|---|---|---|
| 8th St. Imps: Motor City Way to Fountain Creek | 5030001 | $4,577,083 | $1,476,807 | $780,782 | 49.32% |
| Academy Blvd: Bijou St to Airport Rd Pavement Reconstruction | 5030002 | $15,985,734 | $804,278 | $12,038,664 | 80.34% |
| Academy Blvd: Fountain to Milton Proby Pkwy Pavement Reconstruction | 5030003 | $49,029,331 | $7,515,037 | $14,765,432 | 45.44% |
| Academy over Cottonwood Creek Bridge Rehabilitation | 5030004 | $9,130,409 | $0 | $9,130,413 | 100.00% |
| Airport Rd over Spring Creek Bridge Replacement | 5030005 | $5,573,202 | $0 | $5,573,203 | 100.00% |
| Barnes Rd Roadway Improvements: Solar Ridge Dr. to Powers Blvd | 5030006 | $4,050,000 | $0 | $4,050,000 | 100.00% |
| Black Forest Rd Roadway Improvements: Woodmen to Research | 5030007 | $30,793,970 | $2,920,944 | $27,665,716 | 99.33% |
| Centennial Blvd Extension: Fillmore to Fontanero | 5030008 | $26,630,629 | $277,070 | $26,255,297 | 99.63% |
| Chestnut St over S Douglas Creek Bridge Replacement | 5030010 | $4,162,927 | $0 | $4,162,927 | 100.00% |
| Circle Dr EB over Fountain Creek Bridge Rehabilitation | 5030011 | $45,204,000 | $26,018,596 | $19,143,531 | 99.91% |
| Dublin Rd Improvements: Bridle Pass Way to Powers Blvd | 5030016 | $1,932,872 | $0 | $1,932,872 | 100.00% |
| El Paso Bridge over Fountain Creek Bridge Rehabilitation | 5030017 | $1,497,600 | $80,738 | $1,223,748 | 87.11% |
| Galley Rd over Sand Creek Bridge Replacement | 5030020 | $6,106,378 | $4,179,606 | $1,193,398 | 87.99% |
| I-25 Ramps: South Nevada/Tejon St Corridor Improvements | 5030021 | $9,111,497 | $5,839,895 | $3,242,834 | 99.68% |
| Las Vegas St/Royer UPRR Crossing Relocation | 5030022 | $14,755,238 | $1,483,522 | $1,742,870 | 21.87% |
| Platte Ave Corridor Improvement Study | 5030039 | $2,000,000 | $291 | $1,989,310 | 99.48% |
| Platte Ave WB over Sand Creek Bridge Replacement | 5030026 | $4,544,000 | $0 | $4,491,734 | 98.85% |
| S Cheyenne Canyon Rd. 1 over Cheyenne Creek Bridge Replacement | 5030027 | $3,467,898 | $258,834 | $2,923,968 | 91.78% |
| Shooks Run Bridge Corridor Study | 5030028 | $2,750,000 | $0 | $2,707,088 | 98.44% |
| Stapleton Dr/Briargate Blvd Corridor Study | 5030029 | $106,054 | $0 | $106,054 | 100.00% |
| Tutt Blvd Extension: Dublin Blvd to Templeton Gap Rd | 5030030 | $5,279,518 | $496,029 | $3,189,455 | 69.81% |
| UPRR Mainline over Fontanero Bridge Replacement | 5030031 | $22,716,460 | $1,056,605 | $1,393,056 | 10.78% |
| UPRR Nevada & Tejon St Crossing Reconstruction (Design Only) | 5030032 | $5,050,000 | $0 | $2,806,220 | 55.57% |
| W Colorado Ave Reconstruction: 31st St to US 24 | 5030033 | $18,049,000 | $0 | $18,049,000 | 100.00% |
| W Fillmore over Unnamed Channel Bridge Replacement | 5030034 | $3,394,969 | $303,268 | $3,056,790 | 98.97% |
| Woodmen Road Improvements: Union Continuous Flow Intersection | 5030035 | $8,700,000 | $26,324 | $8,576,989 | 98.89% |
| Pikes Peak Greenway Corridor Improvements | 5030038 | $7,700,000 | $212,384 | $5,843,401 | 78.65% |
| Marksheffel Rd over Sand Creek Bridge (RTA 1) | 5160600 | $4,699,008 | $0 | $4,699,008 | 100.00% |
| Marksheffel Rd: N Carefree to Dublin | 5160600 | $29,968,475 | $3,584,345 | $26,384,130 | 100.00% |
| Total | $346,966,252 | $56,534,572 | $219,117,894 | 79.45% |
Table 5. PPRTA A-list Budget Outlook
| Number | Project Name | Complete | Previous Funding to Date | 20249 | 202510 | Estimated Project Cost | Original Allocation | Increase / Decrease |
|---|---|---|---|---|---|---|---|---|
| A-List Engineering Projects | ||||||||
| 1 | 8TH ST. IMPS.: MOTOR CITY WAY TO FOUNTAIN CREEK | No | 1,951,964 | 1,000,000 | 4,577,083 | 1,500,000 | 3,077,083 | |
| 2 | ACADEMY BLVD.: BIJOU ST. TO AIRPORT RD. PAVEMENT RECONSTRUCTION | No | 13,985,734 | 15,985,734 | 3,817,000 | 12,168,734 | ||
| 3 | ACADEMY BLVD.: FOUNTAIN TO MILTON PROBY PKWY. PAVEMENT RECONSTRUCTION | No | 17,773,199 | 13,300,000 | 5,693,481 | 54,722,812 | 15,200,000 | 39,522,812 |
| 4 | ACADEMY OVER COTTONWOOD CREEK BRIDGE REHABILITATION | Yes | 9,130,409 | 9,130,409 | 1,280,000 | 7,850,409 | ||
| 5 | AIRPORT RD. OVER SPRING CREEK BRIDGE REPLACEMENT3 | Yes | 6,159,595 | 5,573,202 | 1,584,000 | 3,989,202 | ||
| 6 | BARNES RD. ROADWAY IMPROVEMENTS, SOLAR RIDGE DR. TO POWERS BLVD. | Yes | 4,050,000 | 4,050,000 | 2,420,000 | 1,630,000 | ||
| 7 | BLACK FOREST RD. ROADWAY IMPROVEMENTS: WOODMEN TO RESEARCH (JOINT PROJ)3, 4, 8 | No | 20,707,171 | 30,793,970 | 8,866,000 | 21,927,970 | ||
| 8 | CENTENNIAL BLVD. EXTENSION: FILLMORE TO FONTANERO3 | Yes | 26,630,629 | 26,630,629 | 10,450,000 | 16,180,629 | ||
| 9 | CENTENNIAL ST.: GARDEN OF THE GODS TO FILLMORE PAVEMENT RECONSTRUCTION | Yes | 11,820,028 | 11,820,028 | 8,065,000 | 3,755,028 | ||
| 10 | CHESTNUT ST. OVER S. DOUGLAS CREEK BRIDGE REPLACEMENT | Yes | 4,162,927 | 4,162,927 | 1,800,000 | 2,362,927 | ||
| 112 | CIRCLE DR. EB OVER FOUNTAIN CREEK BRIDGE REHABILITATION | No | 25,598,642 | 9,595,436 | 43,188,938 | 3,300,000 | 39,888,938 | |
| 112 | CIRCLE DR. EB OVER HANCOCK BRIDGE REHABILITATION | No | 2,015,062 | 2,015,062 | 3,300,000 | (1,284,938) | ||
| 112 | CIRCLE DR. WB OVER FOUNTAIN CREEK BRIDGE REHABILITATION | No | – | – | 3,300,000 | (3,300,000) | ||
| 112 | CIRCLE DR. WB OVER HANCOCK BRIDGE REHABILITATION | No | – | – | 3,300,000 | (3,300,000) | ||
| 12 | DUBLIN RD. IMPROVEMENTS: BRIDLE PASS WAY TO POWERS BLVD. | Yes | 1,932,872 | 1,932,872 | 1,540,000 | 392,872 | ||
| 13 | EL PASO BRIDGE OVER FOUNTAIN CREEK TRIBUTARY REPLACEMENT | Yes | 707,600 | 1,497,600 | 457,000 | 1,040,600 | ||
| 14 | ENCHANTED CIRCLE OVER SAND CREEK TRIBUTARY BRIDGE REPLACEMENT | Yes | 358,795 | 358,795 | 300,000 | 58,795 | ||
| 15 | GALLEY RD. OVER SAND CREEK BRIDGE REPLACEMENT | No | 5,706,378 | 400,000 | 6,106,378 | 1,936,000 | 4,170,378 | |
| 16 | I-25 RAMPS: SOUTH NEVADA/ TEJON ST. CORRIDOR IMPROVEMENTS | No | 1,100,000 | 7,561,497 | 9,111,497 | 5,500,000 | 3,611,497 | |
| 17 | LAS VEGAS ST./ROYER UPRR CROSSING RELOCATION | Yes | 9,186,076 | 2,000,000 | 14,755,238 | 3,850,000 | 10,905,238 | |
| 18 | OLD RANCH RD. IMPROVEMENTS AND BRIDGE CONSTRUCTION | Yes | 8,599,002 | 8,599,002 | 8,000,000 | 599,002 | ||
| 19 | PIKES PEAK AVE. : COLORADO TO PRINTERS PKWY. PAVEMENT RECONSTRUCTION | Yes | 15,862,754 | 15,862,754 | 8,663,000 | 7,199,754 | ||
| 20 | PLATTE AVE. WB OVER SAND CREEK BRIDGE REPLACEMENT5 | Yes | 5,134,000 | 4,544,000 | 5,874,000 | (1,330,000) | ||
| 21 | PLATTE AVE. CONNECTION TO I-25 STUDY6 | Yes | – | – | 550,000 | (550,000) | ||
| 22 | PLATTE AVE. CORRIDOR IMP. STUDY6 | Yes | 2,000,000 | 2,000,000 | 2,200,000 | (200,000) | ||
| 23 | S. CHEYENNE CANYON RD. 1 OVER CHEYENNE CREEK BRIDGE REPLACEMENT | Yes | 2,049,898 | 831,607 | 3,467,898 | 410,000 | 3,057,898 | |
| 24 | SHOOK’S RUN BRIDGE CORRIDOR STUDY | Yes | 2,750,000 | 2,750,000 | 2,750,000 | – | ||
| 25 | STAPLETON DR. / BRIARGATE BLVD. CORRIDOR STUDY (JOINT PROJ) | Yes | 786,000 | 106,054 | 786,000 | (679,946) | ||
| 26 | TUTT BLVD EXTENSION: DUBLIN TO TEMPLETON GAP RD | No | 5,279,518 | 5,279,518 | 1,393,000 | 3,886,518 | ||
| 27 | UPRR MAINLINE OVER FONTANERO BRIDGE REPLACEMENT7 | No | 1,900,000 | 17,477,495 | 21,377,495 | 2,750,000 | 18,627,495 | |
| 28 | UPRR NEVADA & TEJON ST. CROSSING RECONSTRUCTION (DESIGN ONLY) | No | 3,550,000 | 1,000,000 | 5,050,000 | 3,300,000 | 1,750,000 | |
| 29 | W. COLORADO AVE. RECONSTRUCTION: 31ST ST. TO US 24 (JOINT PROJ)8 | Yes | 18,049,000 | 18,049,000 | 8,600,000 | 9,449,000 | ||
| 30 | W. FILLMORE OVER UNNAMED CHANNEL BRIDGE REPLACEMENT | Yes | 2,994,970 | (400,000) | 3,394,970 | 1,000,000 | 2,394,970 | |
| 31 | WOODMEN ROAD IMPROVEMENTS: UNION CONTINUOUS FLOW INTERSECTION | Yes | 8,700,000 | 8,700,000 | 7,500,000 | 1,200,000 | ||
| SUBTOTAL A-LIST PROJECTS | $240,632,223 | $52,766,035 | $5,693,481 | $345,593,865 | $135,541,000 | $210,052,865 | ||
| PROGRAMS | ||||||||
| COMPANION DRAINAGE IMPROVEMENTS FOR ROADWAY PROJECTS | No | 3,295,970 | 412,000 | 4,119,970 | 2,690,000 | 1,429,970 | ||
| CITYWIDE INTERSECTION IMPROVEMENTS PH I | No | 19,213,066 | 1,324,000 | 500,000 | 21,861,066 | 6,171,000 | 15,690,066 | |
| CITYWIDE ON-STREET BIKEWAY IMPROVEMENTS PH I | No | 3,896,727 | 1,265,000 | 5,573,727 | 3,027,000 | 2,546,727 | ||
| CITYWIDE PEDESTRIAN TRANSPORTATION IMPROVEMENTS PH I | No | 6,851,635 | 687,000 | 8,225,635 | 5,153,000 | 3,072,635 | ||
| CITYWIDE ROADWAY SAFETY AND TRAFFIC OPERATIONS PH I | No | 17,460,507 | 11,000,000 | 1,000,000 | 38,976,876 | 8,108,000 | 30,868,876 | |
| CITYWIDE SCHOOL AND NEIGHBORHOOD PEDESTRIAN IMPROVEMENTS PH I | No | 3,295,970 | 412,000 | 4,119,970 | 3,027,000 | 1,092,970 | ||
| CITYWIDE CONGESTION AND INCIDENT MANAGEMENT SIGNAL IMPROVEMENT PH I | No | 3,295,970 | 412,000 | 4,119,970 | 3,027,000 | 1,092,970 | ||
| CITYWIDE TRAFFIC SIGNAL SYSTEM UPGRADE (60 LOCATIONS) | No | 12,626,103 | 12,626,103 | 14,983,000 | (2,356,897) | |||
| EMERGENCY BRIDGE FUND | No | 15,640,638 | 1,000,000 | 20,040,638 | 5,381,000 | 14,659,638 | ||
| TRAIL PROJECTS | ||||||||
| COTTONWOOD TRAIL CORRIDOR IMPROVEMENT | Yes | 600,000 | 600,000 | 600,000 | – | |||
| MIDLAND TRAIL IMPROVEMENTS: RIDGE RD. TO COLUMBIA ST. | Yes | 450,000 | – | 450,000 | (450,000) | |||
| PIKES PEAK GREENWAY CORRIDOR IMPROVEMENTS | No | 7,700,000 | 7,700,000 | 2,121,000 | 5,579,000 | |||
| ROCK ISLAND TRAIL CORRIDOR IMPROVEMENTS | No | 1,000,000 | 1,000,000 | 1,000,000 | – | |||
| SHOOK’S RUN TRAIL CORRIDOR IMPROVEMENTS | No | 800,000 | 800,000 | 800,000 | – | |||
| SINTON TRAIL CORRIDOR IMPROVEMENTS | No | 600,000 | 3,072,725 | 3,897,725 | 600,000 | 3,297,725 | ||
| TEMPLETON GAP TRAIL CORRIDOR IMPROVEMENTS | No | 600,000 | 825,000 | 600,000 | 225,000 | |||
| TRANSIT | ||||||||
| ADA-PARATRANSIT BUS SYSTEM VEHICLE REPLACEMENT | No | 1,415,149 | 1,415,149 | 1,400,000 | 15,149 | |||
| FIXED-ROUTE BUS SYSTEM VEHICLE REPLACEMENT | No | 6,645,042 | 1,081,000 | 8,827,042 | 4,700,000 | 4,127,042 | ||
| SIDEWALK/BUS STOP PROG. EXISTING ROUTES | No | 478,810 | 40,000 | 538,810 | 1,500,000 | (961,190) | ||
| VANPOOL VEHICLE REPLACEMENT | No | 427,999 | 427,999 | 800,000 | (372,001) | |||
| TOTAL CAPITAL PROJECTS | $346,925,809 | $73,471,760 | $7,193,481 | $491,289,545 | $201,679,000 | $289,610,545 | ||
| Conservative Revenue Projection | 69,546,035 | 7,193,481 | Total Revenue | 487,363,819 | ||||
| Potential Shortfall/Contingency/’B” List Funds by Year | (3,925,725) | Contingency/’B’ List | (3,925,725) | |||||
| Optimistic Revenue Projection | 69,546,035 | 7,193,481 | Total Revenue | 487,363,819 | ||||
| Potential Shortfall/Contingency/’B” List Funds by Year | (3,925,725) | Contingency/’B’ List | (3,925,725) | |||||
- Total Project Cost less other funding sources
- Project 11 counts as 4 projects combined giving a total of 34 projects.
- Adjusted to reflect the total project cost; Colorado Springs Utilities to provide cost reimbursement for their work
- PPRTA El Paso County Allocation for 2023 was initally $3.534M for BFR and $550k for Tutt; BFR cost (approx. $9.9M) offset with W Colorado Ave project.
- Addition funding from STP Metro grant – Anticipated total is $13.2M.
- Projects/studies being completed together
- Siding bridge needs to be replaced at the same time. Estimated cost does not include Utilities reimbursement or Emergency Bridge Funds.
- Reduced City contribution to offset El Paso County costs anticipated on Black Forest Road ($7,771,230)
- Reflects the 2024 budget. Does not reflect grant awards, carryovers, additional projected budget or other monies.
- Budget reflects projected revenue collected in 2024 and the release of Board reserves which becomes available in 2025
- Budget in 2024 includes State-funded grants received by PPRTA on behalf of Colorado Springs
Drawdown
Table 6 presents the quarterly financial picture of the PPRTA extension from 2015-2024. Data presented prior to the third quarter of 2024 is actual, and after is projected. The blue bar represents the cumulative budgeted allocation. The solid red bar represents the cumulative expenditures to date, with the yellow extension representing the cumulative amount obligated via contract. These bars represent the City’s financial commitment to projects. The faded red bar distinguishes between the cumulative previous and projected future expenditure. As demonstrated in the table, current revenue projections exceed the expected project costs. Capital projects and programs are monitored closely, and measures are in place to complete the A-list projects.
Schedule
Table 7 represents the schedule for engineering and construction of the capital A-list projects. Schedule adjustments were made on several projects to reflect impacts from budget planning efforts and supply chain concerns.
Table 6. Cumulative Expenditure for A-list Capital Projects/Programs
Table 7. Capital Project Schedule
