Every year, the Village of Schaumburg establishes a five-year Capital Improvement Plan (CIP). The plan prioritizes investments that will be made to roadways, water and sewer utilities, street lights, sidewalks, parking lots, traffic signals, and buildings. The five-year plan represents a significant undertaking and serves as a catalyst for maintaining a high quality of life, supporting the local economy and fostering economic growth.
The 2020/21 -2024/25 CIP establishes priorities and funding for the village’s improvement projects. The CIP is updated annually and represents the village’s commitment to sustaining its roadways, infrastructure and community facilities in an appropriate state of repair and to constructing new infrastructure where existing assets have surpassed their useful life.
Of the total $237 million five-year plan, the village anticipates securing $43.5 million in grant funding, leaving the village to fund approximately $193.5 million. Broken down by project, the plan allocates 64% in funding to roadway improvements, 16% to water/sewer improvements and the remainder to make improvements to village buildings, bikeways, sidewalks, parking lots and other areas.
The first year of the CIP is incorporated into the annual budget and the remaining four years of the plan are used for planning purposes. Projects may change from year to year depending on needs and funding opportunities.
In Fiscal Year 2020/21, which begins May 1, 2020, $10 million is allocated toward residential street repairs. The village will resurface and reconstruct 13.7 miles of residential streets across the village, and combined with additional methods of pavement preservation, the village will improve a total of 31.9 miles of local roads in 2019.
In addition to local street repair, the village continues to budget funds in the Vital Streets Program Fund for repair of major roadways. The village began reconstruction of Woodfield Road from East Frontage Road to Meacham Road in FY 2019/20 and funds are included in the FY 2020/21 CIP to complete construction. Construction on this project totals $15.9 million over two years, of which the village anticipates receiving $10.3 million in grant funds to reduce its local cost to $5.6 million.
The village will continue to invest in the North Schaumburg TIF District by beginning improvements at the intersection of Meacham and Algonquin Roads. The plan also provides for a number of pedestrian safety initiatives such as pedestrian signal improvements and enhanced crosswalks at various locations throughout the village.
View the approved Capital Improvement Plan.
Additional information on major projects can also be found on our construction page.