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TH 101 -TH 169 CORRIDOR MANAGEMENT PLAN (DRAFT) FEBRUARY 2002 <br /> <br />the monetary value of both advantages (benefits) and disadvantages (costs) of various highway <br />projects. The result of a benefit-cost analysis is a ratio that indicates the economic desirability of <br />a project from a monetary point of view. Generally, an investment is considered economically <br />viable when the benefits exceed the costs--in other words, when the benefit-cost ratio is greater <br />than one. While the benefit-cost ratio is a valuable toot, it is also important to weigh the results <br />of the analysis against additional factors such as environmental, social, and other community <br />impacts. The results of the benefit-cost analyses for the 13 potential projects are sttmmarized in <br />Table 5-3. <br /> <br />TABLE 5-3 <br />Highway Improvement Projects Benefit-Cost Ratios and Cost Estimates <br /> <br />Construction Project Number and Name <br />(all project costs include frontage roads <br />and 20% of project c.ost right-of-way estimate) <br /> <br />4-lane Freeway Conversion Upgrade to 6-lane Freeway <br /> <br />Cost Estimate Benefit- Cost Estimate Benefit- <br />(million $) Cost Ratio (million $) Cost Ratio <br /> <br />1' Rogers (growth area 1) - Improved and new <br />interchanges from 1-94 to CSAH 144 <br /> <br />2: St. Michael (growth area 2) - New interchange <br />at CSAH 36 <br /> <br />3: Otsego A (growth area 2) - New interchange at <br />CSAH 37; overpass at CSAH 42 <br /> <br />4: Otsego B (growth area 2) - New interchange at <br />CSAH 39 <br /> <br />5: Elk River A (growth area 3) - Improved <br />interchange at TH 10 <br /> <br />6: Elk River B (growth area 3) -New interchanges <br />at Main Street; overpass at School Street <br /> <br />7: Elk River C (growth area 3) - New interchange <br />(possible split diamond concept) at Jacksorv'197th, <br />south of future CR 33 interchange <br /> <br />8: Elk River D (growth area 4) - New interchange <br />at 221st Avenue <br /> <br />9: South of Zimmerman (growth area 5) - New <br />interchange at CR 36/CR 45 <br /> <br />10: Zimmerman (growth area 6) - New <br />interchange at CSAH 4 <br /> <br />11' North of Zimmerman (growth area 7) - New <br />interchange at 277th Avenue <br /> <br />12: South of Princeton A (growth area 8) - Future <br />CSAH 9 interchange <br /> <br />13: South of Princeton B (growth area 8) - New <br />interchange at CR 38 <br /> <br />$66 5.3 Add $15 4.4 <br /> million <br /> <br />$16 19.4 Add $4 million 15.0 <br /> <br />$17 8.0 Add $6 million 5.9 <br /> <br />$11 6.8 Add $3 million 5.2 <br /> <br />$29 3.3 Add $5 million 2.8 <br /> <br />$13 9.1 Add $3 million 7.38 <br /> <br />$16 15.4 Add $6 million 10.61 <br /> <br />$12 O..8 <br /> <br />$15 0.9 <br /> <br />$21 2.7 <br /> <br />$17 O.5 <br /> <br />$7 1.4 <br /> <br />$9 0.8 <br /> <br />5-8 <br /> <br /> <br />