Breckenridge Colorado Real Estate – Real Estate of the Summit

Colorado Transportation Improvements

Colorado Transportation Improvements

Over the past year Colorado has made many transportation improvements along with various new proposals for future upgrades – some of which seem extremely futuristic.

One potential upgrade is the Hyperloop. 

This futuristic, pod-based transportation system is a conceptual high-speed transportation system originally put forward by entrepreneur Elon Musk.

It incorporates reduced-pressure tubes in which pressurized capsules ride on an air cushion driven by linear induction motors and air compressors.  It will propel passengers at an average speed of around 600 mph with high speeds around 700 miles per hour making it the fastest way of travel – much faster than a flight or train. 

Colorado was named one of 10 finalists for the Hyperloop One competition and it’s proposed routes would stretch about 360 miles throughout the mountains and front-range.

The Los Angeles firm, Hyperloop has moved into the next phase of the Hyperloop One competition. The company will further narrow down the candidates in the next few months.

This major transportation investment could reach $24 billion.

Hyperloop reportedly liked Colorado’s proposal so much, that it is working with the Colorado Department of Transportation to complete a feasibility study for the Hyperloop system regardless of the contest results.

Local Transportation Improvements

The Town of Breckenridge is working on a new parking structure located at the Tiger Dredge parking lot in Breckenridge.

Construction for this project is expected to start later in the 2018 year.

The new parking structure will add roughly 300 parking spaces near the Riverwalk Center.  Early estimates put the cost of the structure close to $9 million. 

Breckenridge also opened the Four O’Clock roundabout in June which was created to ease traffic flow on Park Avenue.

The Highway 9 expansion project also known as the “Iron Springs Realignment Project” was completed just in time for winter in 2017.

The two-year project was one of Summit County’s more ambitious transportation improvements.  It converted the stretch of Highway 9 between Frisco and Breckenridge from two lanes to four and cut-out the hairpin turn known as “Leslie’s Curve” in the process.

This project will cost roughly $23 million.

Due to the budget of the Iron Springs Realignment Project, a small stretch of highway remains two-lanes.  Thus more work has been slated on Highway 9. 

The project, known as “the gap,” would put a finishing touch on the Iron Springs bypass between Frisco and Breckenridge.  This would establish four continuous lanes all the way from Interstate 70 to Main Street in Breckenridge.

Funding isn’t yet final, but the CDOT has confirmed it’s one of 11 projects slated to receive money from a $1.9 billion funding package passed by the State Legislature last spring.

Other Colorado Transportation Improvements for the Future

For more information about any of these projects, please visit the Colorado Division of Transportation.

Exit mobile version