MADISON, Alabama — It looks like flyover ramps will soon be coming to I-565 into Town Madison. The Madison City Council on Monday approved the construction of the full interchange to complete both the east and west needs.
Madison Mayor Paul Finley says, "traffic has always been something on the minds of Madison residents, and everyone in this Tennessee Valley...What a full interchange at the Town Madison area will do is give better access for folks going south into Madison, but also Huntsville and Triana."
A long awaited plan to build a full interchange at interstate 565 into Town Madison will now be brought to fruition.
The Madison City Council approved a $37 million bid for McInnis Construction and Miller & Miller to begin developing flyover ramps connecting westbound traffic on I-565 to Town Madison.
Mayor Finley shares, "The excitement for us is in having that access both for the multi-use venue but all of Town Madison. It just opens that up for more development, additional things happening and then ties together with Gate 7 for Redstone Arsenal making the access easier."
And the City of Madison will be paying for it, "the developer would front the money, everything new that came out of the ground from a sales and property tax would go to pay that back. The goal was always to have enough money coming in where the city could take it over, bond it and pay that off quickly to then have all of that money coming to the city," Mayor Finley said.
For example, the Publix grocery store in the Clift Farm development has recently been annexed by the city, and it's more than $700,000 annual tax revenue will go towards paying for the ramps.
City of Madison projects it'll take 10 to 13 years to pay the bonds off.
They'll now begin moving forward with the project and it's expected to take about 18 to 20 months to finish the full interchange.
