The City of Fishers has received a bid of $37.6 million to construct a roundabout at 141st Street and State Road 37, in line with where the city wants the construction costs.  A previous round of bidding resulted in contractor proposals of over $40 million.

Mayor Scott Fadness told the City Council Monday night waiting to rebid the plan has saved the city “several million dollars.”  The State Department of Transportation must review and approve the project, but Fadness says this work can be completed this year.

When asked about the impact on traffic in the northwest part of the city with major construction underway at 146th Street and Allisonville Road, along with the construction at SR 37 & 141st Street, the mayor said his team is working with the Hamilton County Highway Department on that very issue.  Fadness expects Allisonville Road to be open once the construction at SR 37 & 141st begins.

The issue was raised as the Council approved debt financing for the State Road 37 & 141st Street construction, allowing the city of the option of debt financing at least part of the work or utilizing cash reserves.