(NASHVILLE, Tenn.) – A state road improvement project to place lighting at the I-75 Interchange at SR-9 (U.S. 25) is ready to move forward after Senator Ken Yager (R-Harriman) and Representative Dennis Powers (R-Jacksboro) received approval for an alternate funding mechanism to the required local match for the project. The lawmakers contacted Tennessee Department of Transporation Commissioner (TDOT) John C. Schroer last month to see if the $648,318.00 local match for the project could be reduced to an affordable rate for the city of Jellico.
“The department has reassessed both of your suggestions in an effort to reduce the financial obligations by the city of Jellico,” the commissioner said in a letter to the lawmakers. “Campbell County has been identified by the Tennessee Department of Economic and Community Development as being economically distressed. For this reason, the department will increase its portion of financial commitment to 60% of all estimated cost. In addition, the department will credit the city of Jellico with $100,000 of work toward the removal of trees.”
The actions taken will reduce the local match for the city of Jellico to a more affordable match of $159,327.00, for a total savings to Jellico of $488,991
“This interstate exchange is a gateway to helping us bring more jobs to Campbell County,” said Senator Yager. “I am delighted that we could help reduce costs and appreciate our local officials and Commissioner Schroer for their role in helping to make it happen.”
“The reduction of the local match was very welcome news,” added Powers. “This relieves a tremendous financial pressure to help us get this needed project moving forward to welcome new business to this county.”