Segment
Install Left Turn Lane Striping Install median pedestrian refuge Reconfigure ramps to meet ADA Standard
0.79 0.44
$2,910.00 $8,200.00 $21,000.00
Intersection
--
Intersection
Medium (3 - 5 years)
Segment
Install additional lighting
0.58
$10,662.60 $2,872.00 $67,432.26 $150,000.00
Intersection
Install Pedestrian Pushbutton Install continuous sidewalks Implement full signalization at intersection
--
Segment
0.35
Long (5+ years)
.35 - .73
Intersection
0.35
Segment
Install Shared Use Path
$1,406,636.93
$1,675,477.79
Benefit -Cost Analysis The estimated cost - benefit result for Mark IV Parkway is 18.26 (Table 4 6 ).
Table 4 7 summarizes the estimated improvement costs by type and Table 48 summarizes the benefits (dollars) resulting from the implementation of the proposed safety countermeasures.
Table 46 : Mark IV Parkway Corridor – Final Cost - Benefit Ratio Benefits Costs
Final Benefit / Cost Ratio
$92,480,000
$5,063,400
18.26
Table 47 : Cost Results for Mark IV Parkway Corridor
Annual Maintenance Cost $1,336.00
Service Life
Construction Cost
Improvement Type
Cost (Each)
Quantity
Install/refresh high -visibility crosswalks
$16
334
4
$5,344.00
Install Stop Bar
$30
14 10
4 4
$420.00
$105.00 $727.50
Install Left Turn Lane Striping $291/50 LF
$2,910.00 $8,200.00
Install median pedestrian refuge Reconfigure ramps to meet ADA Standard
$4,100
2
25
-
$3,500
6
25
$21,000.00
-
51
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