Roads among top priorities of Schaumburg’s capital improvement plan for next year

The village of Schaumburg is proposing a $224 million multi-year capital improvement plan that includes $62 million in projects slated for the fiscal year that begins May 1.

The plan is updated annually and represents the village’s commitment to sustaining its roadways, infrastructure, and community facilities. The village board is expected to approve the plan at its Jan. 9 meeting.

The village anticipates securing $42 million from state and federal grants for the projects over the next five years.

The plan anticipates spending about $8 million annually to improve residential streets, and $9 million to improve roads in the Vital Streets Program, of which $5.6 million is anticipated in grants.

Significant construction projects for the upcoming fiscal year include continued work on National Parkway (Golf to American) and Rodenburg Road (Irving Park to village limits).

In addition, $9.3 million in excess reserves will help fund the design of five new roadway segments, which will increase the village’s chances of obtaining future Surface Transportation Program grant funding for construction of these segments.

“Well-maintained infrastructure is such a big reason why Schaumburg is regarded as one of the best places to live,” Village President Tom Dailly said.

For more information and to view the proposed capital improvement plan, visit the village’s website.