IBank Loan Profile: City of Encinitas

City of Encinitas

LOCATION: Encinitas, CA

AMOUNT ISSUED: $20 million

DATE ISSUED: August 17, 2022

ABOUT: The City of Encinitas will use the funds for a project that will preserve and revitalize the North Coast Highway 101 Corridor and improve access and safety for drivers, bicyclists, and pedestrians. The Leucadia Streetscape project will include the construction of roundabouts, new wider sidewalks, buffered bike lanes, increased parking options, additional lighting, and new stormwater infrastructure. This section of Highway 101 runs through the Leucadia community and is lined with shops and cafes. The project will improve safety and convenience, enhance walkability, create new buffered bike lanes, and improve transit options. The Leucadia Streetscape project is expected to create 217 jobs during the construction period with a total cost of more than $65 million.