Adding a 6.5 percent excise tax on the wholesale price of fuel and extending a 0.5 percent state sales tax for another 10 years would help raise nearly $8.4 billion over that period for highway and bridge maintenance as well as some capital projects across the state, the top official at the Arkansas Department of Transportation said Wednesday.
Project seen near end of its hurdles
The three local jurisdictions involved in the $631.7 million Interstate 30 project through downtown Little Rock and North Little Rock have signed off on an amendment to the region's transportation improvement plan that will satisfy the Arkansas Department of Transportation.
Arkansas' low unemployment rate has been better than the U.S. average, but it is unevenly spread across the state, which points to modest economic growth in the near future, the chief economist for the Arkansas Economic Development Institute said Friday.
Continuing the policy of increasing short-term interest rates risks the creation of an interest-rate environment next year that in the past signaled weaker economic performance, Federal Reserve Bank of St. Louis President James Bullard said Friday.
The three local jurisdictions involved on the $631.7 million Interstate 30 project through downtown Little Rock and North Little Rock have signed off on an amendment to the region’s transportation improvement plan that constitutes the final local action on the project.
The owners of the lease to operate the Little Rock Marriott have put the city's flagship hotel on the market three years after it underwent a $16 million renovation.
8-lane option left corridor bottlenecks, Metroplan told
Interstate 30 through downtown Little Rock and North Little Rock will be built as a 10-lane corridor rather than eight lanes, according to Arkansas Department of Transportation plans for the $631.7 million project.
The project to remake Interstate 30 through downtown Little Rock and North Little Rock will be built as a largely 10-lane corridor rather than in a configuration using eight lanes, according to the Arkansas Department of Transportation.
Rock Region plans selection by April
Rock Region Metro plans to have a replacement for its departed executive director identified by April, officials for the transit agency said Tuesday.
The Rock Region Metro board of directors on Tuesday approved a proposed $18 million operating budget for 2018.