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The privately financed project involves designing and constructing a new 1.5-mile-long highway extension, including a 0.4-mile-long bridge over the Des Plaines River. HRE-JV will finance, construct, operate, and maintain the bridge while collecting bridge tolls under a 99-year lease agreement with the City of Joliet. The project will provide a direct route between I-80 and CIC-Joliet, and the UP and BNSF Intermodal Facilities.
The project will deliver the following improvements:
The State of Illinois and City of Joliet will construct a new diverging diamond interchange at I-80 and Houbolt Road and reconstruct Houbolt Road from I-80 to US Route 6. The construction completion of this public project is expected to align with the expected completion of the HRE Project in 2023.
“On behalf of the City of Joliet, this project has won our support and we’re happy to get it started, as it will be a big step forward to mitigating truck traffic on local roads,” said Bob O’Dekirk, Mayor of Joliet.
“We are excited to commence construction on the HRE Project. As the CenterPoint Intermodal Center has continued to grow and expand, we have focused our attention on finding innovative solutions for local infrastructure, improving truck traffic flow, enhancing safety and reducing congestion in and around the Business Park,” said Michael Murphy, CenterPoint Properties’ Chief Development Officer.
The privately funded project will create an alternative route from I-80 into the CenterPoint Intermodal Center (“CIC”). The new route provides direct access to I-80, rerouting truck traffic off local roads like Route 53, returning these roads to the residents and surrounding communities for their daily use, absent the congestion. The project, on the southern extension of Houbolt Road over the Des Plaines River, will be paid for, operated, and maintained by HRE-JV.
“We are thrilled about this next phase of the Houbolt Road Extension. It takes all of us even closer to delivering greater safety, efficiency, and prosperity for the City of Joliet and its surrounding areas,” said Doug Witt, President and CEO of United Bridge Partners. “United Bridge Partners builds bridges that enhance great communities, and we look forward to the many positive contributions this project will provide the City of Joliet for years to come.”
The HRE-JV selected the Granite / Kraemer – A Joint Venture (“GK-JV”) team as the Engineering, Procurement and Construction (“EPC”) contractor through a best value procurement process to complete the Houbolt Road Extension project. Burns & McDonnell, a team member of GK-JV, has completed the design for the project’s bridge and roadway.
“The Houbolt Road Extension represents the shared commitment to the community on behalf of local and state agencies, local businesses, organizations and industry leaders. I commend the HRE-JV for their dedication to advance this project. It’s relationships like this that help alleviate truck traffic and I was happy to sponsor needed legislation for this when I was in the Senate,” said Will County Executive Jennifer Bertino-Tarrant.
For more information and project updates, visit www.houboltroadextension.com.
About CenterPoint Properties
CenterPoint is an industrial real estate company made up of dedicated thinkers, innovators and leaders with the creativity and know-how to tackle the industry’s toughest challenges. And it’s those kinds of problems — the delicate, the complex, the seemingly impossible — that we relish most. Because with an agile team, substantial access to capital and industry-leading expertise, those are exactly the kinds of problems we’re built to solve. For more information on CenterPoint Properties, follow us on LinkedIn. For all media inquiries, including requests for interviews with CenterPoint executives, please contact media@centerpoint.com or 630.586.8285.
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