WATERVILLE, Maine (AP) — The city of Waterville, the state and a private developer have worked out to a deal to share the $6 million cost of a proposed new interchange off Interstate 95 in town.
The agreement is up for approval by the City Council on Tuesday.
The Morning Sentinel (http://bit.ly/1uD0g7G ) reports that under the tentative deal’s terms, Trafton Properties Inc., which owns land in the area, would pay nearly $2 million to build the ramp system and would work to secure a similar amount from the U.S. Economic Development Administration.
The state Transportation Department would provide almost $2 million.
The city would pay $500,000 to fix area streets.
Proponents say the interchange will ease congestion in other parts of town and spur economic development. Opponents worry about increased traffic and environmental damage.
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