INTERCHANGE DEAL GETS GO-AHEAD.Byline: Daily News CASTAIC - The county Board of Supervisors The examples and perspective in this article or section may represent an unduly geographically limited view of the subject. Please [ improve this article] or discuss the issue on the talk page. The Board of Supervisors is the body governing counties in the U.S. approved a funding agreement Funding Agreement Illiquid insurance contracts that provide guaranteed principal repayment and interest payments for a predetermined period of time. Notes: Funding agreements are marketed to mutual fund companies and municipal reinvestments. Tuesday with The Newhall Land and Farming Company The Newhall Land and Farming Company is a land management company based in Valencia, California, United States. The company is responsible for the master community planning of Valencia, as well as the management of farm land elsewhere in the state. to reconfigure the Interstate 5-Hasley Canyon Road interchange. Newhall Land will pay $20.6 million, including the entire cost of engineering, toward the $33.7 million project. The balance will come from other developers who have contributed to a special district fee for road construction and from the Metropolitan Transportation Authority, which is contributing $6.3 million. The interchange is crucial to the region, serving the growing Valencia Commerce Center as well as the surrounding Castaic development and the nearby Pitchess Detention Center A detention center or a detention centre is any location used for detention. Specifically, it can mean:
The work will include a new bridge where Hasley crosses the freeway, roundabouts designed to improve traffic flow near the freeway ramps, new ramps and a set of traffic signals. The project also includes seismic retrofitting and widening of the freeway bridge that crosses Castaic Creek Castaic Creek is a stream in northern Los Angeles County, California. It is a tributary of the Santa Clara River. Castaic Dam on the creek forms Castaic Lake, but most of the water comes from the West Branch of the California Aqueduct, also called the State Water Project. . The county approved a contract in 2001 with the state Department of Transportation for the work, which is scheduled to begin later this year and to take up to 18 months. |
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