FAQs

MERGE will be funded through a mix of federal grants, state funding local matching funds, and federal infrastructure (TIFIA) loans. 

The City has identified the main sources of funding for the project. However, the final funding plan is still being refined because project costs, loan terms, and cash flow needs are still being reviewed. The City is working to reduce costs where possible while still meeting the project's safety, traffic, and mobility goals. The City is also using outside experts to help reduce costs and financial risk. We expect to have a clearer cost estimate by the end of 2026, after the project reaches the 30% design milestone.

Funding sources are expected to include:

• Federal grants
• State grants and CDOT funding
• Local City of Greeley funds
• TIFIA loans (federal infrastructure loans)

The City has also received state grant funding for the mobility hub at Centerplace.

The City's current local share is estimated at $31 million. Staff are reviewing how and when those local funds would be needed as the project moves through the design phase.

The project is currently estimated to cost between $160 million and $190 million. This is higher than earlier estimates largely because construction costs have increased. As the project design is finalized, we'll have a better understanding of final costs. By the end of 2026, when the project reaches its 30% milestone, the City should have a clearer cost estimate and a better understanding of funding needs. 

The City's local share is currently estimated at about $31 million. This number may change as the design and cost estimate become more detailed. The City is working to reduce costs where possible while still meeting the project's safety, traffic and mobility goals. The City is also using outside experts to help reduce costs and financial risk.

The City has identified the main funding sources for MERGE, but the final funding plan is still being refined. Funding is expected to come from federal grants, state funding, local matching funds and federal infrastructure loans.

The City is still working through final loan details, project costs, and cash flow needs.

The estimated cost increased because construction costs have gone up and the project is still being designed. Earlier estimates were closer to $132 millio. The current estimate is between $160 million and $190 million.