With the area around Interstate 270 a vital transportation artery for Olney and Rockville home owners, as well as many others commuting to the economic hub of the D.C. area, the need for efficient road systems is understandably in high-demand.
Thousands of commuters use these roads every day, and long-term congestion is just not something that area professionals can tolerate when they’re commuting from the peaceful areas of Rockville and Olney to the high-speed atmosphere of D.C. And that’s exactly why a recent piece of state funding for road construction projects will come as great news to area residents.
Maryland recently committed to $1 billion in funding for transportation projects around the state, and some of the major recipients of this funding will be those in the Montgomery County area. Located along I-270, the Watkins Mill Interchange project was just given $125 million in funding from the state, which should have the project wrapped up in just two years, county spokesman Patrick Lacefield said recently.
This is big news for a project that will ease the congestion that can occur around this major interchange, as the state will now be covering more than three quarters of the total $165 million cost for the Watkins Mill Interchange. This will greatly speed up the project, which locals feared could take years due to the county’s limited budget, if state support had not been provided.
Infrastructure improvements benefiting Rockville area real estate
An additional $10 million will be allocated to designing road construction projects situated in the area of U.S. 29 and Md. 128. Beyond this, Gov. Martin O’Malley said that $25 million will go toward a bypass being built around Brookeville, which is a project that has been in talks for the better part of 15 years, according to one local official.
Outside of road construction, the biggest chunk of this change, in the form of $680 million, will go toward the Purple Line project that will put up 16 miles of commuter rail lines between Bethesda and New Carrollton.
For more on Olney or Rockville area homes, please contact our team of local real estate professionals. We would love to tell you more about real estate opportunities in this charming area.
