Three teams have been chosen to compete to develop the State Street corridor in West Lafayette, Ind., reported Inside Indiana Business.
The up-to-$100 million project involves turning the former state highway, which runs through the city and Purdue University, into a two-way street with improvements such as widened sidewalks, bicycle facilities, transit stops, street lighting, landscaping, public spaces and public art.
Under a build-operate-transfer delivery model, the winning team will complete, run and maintain the development for 30 years after which it will transfer ownership to the city. A joint board of city and Purdue representatives will oversee the project.
The three project finalists are Plenary Roads State Street, State Street Mobility Alliance and Walsh Gateway Partners, LLC.
A final RFP is scheduled to be released in September with proposals due in December. If final negotiations are completed by February, construction could begin in April and end in late 2018, just ahead of Purdue’s 150th anniversary in 2019.