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Tri-Valley Transportation Council │ 2020 Nexus Fee Update Study <br />August 2021 │ Final 45 <br /> <br />Cost and Funding Sources <br /> <br />Cost (Millions) $61.00 <br />Funding (Millions) <br />Livermore TIF $53.07 <br />Total Funding (Millions) $53.07 <br />Total Funding Shortfall (Millions) $7.93 <br />B -4. I-580/VASCO ROAD INTERCHANGE MODIFICATION <br />TVTC Project Sponsor: City of Livermore <br />Lead Agency: Caltrans <br />Project Description: Project B-4 is located at the I-580/Vasco Road interchange in Livermore. The project <br />would modify the interchange by widening the overcrossing to eight lanes and reconstructing the ramps to <br />achieve a modified partial cloverleaf interchange design. <br />Status: A PSR and programmatic Environmental Impact Report (EIR) for right-of-way protection has been <br />completed. Right-of-way acquisition is underway. Environmental assessment, project development <br />activities, and design are anticipated to begin in 2018. <br />Cost and Funding Sources <br /> <br />Cost (Millions) $85.65 <br />Funding (Millions) <br />Livermore TIF $67.66 <br />Measure BB $1.38 <br />TVTDF $6.80 <br />Total Funding (Millions) $75.84 <br />Total Funding Shortfall (Millions) $9.81 <br />B -5. I-580/GREENVILLE ROAD INTERCHANGE MODIFICATION <br />TVTC Project Sponsor: City of Livermore <br />Lead Agency: Caltrans <br />Project Description: Project B-5 is located at the I-580/Greenville Road interchange in Livermore. The <br />project would modify the interchange by widening the undercrossing to six lanes and reconstructing the <br />ramps to achieve a modified partial cloverleaf interchange design. The project would also construct <br />segments of auxiliary lanes in the vicinity of the interchange. <br />Status: A PSR and programmatic EIR for right-of-way protection has been completed. Right-of-way <br />acquisition is underway. The project phasing and schedule is unavailable. <br />