Poinciana Parkway Questions and Answers
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Poinciana Parkway Q&A April 7, 2014

What is Poinciana Parkway?
Poinciana Parkway will be a toll road connecting Poinciana with I4 and Orlando

What will it connect to?
Poinciana Parkway will connect Cypress Parkway west of Poinciana Hospital Medical Center to US 17/92 in Davenport. It will cross 17/92 to Ronald Reagan Parkway which will provide multiple options to connect to Osceola CR 532 intersecting with I4 at Champions Gate.
What will it consist of?
The base parkway will consist of four sections. There will be a connection 17/92 in Polk County and the Poinciana Parkway Bridge called the Northwest Segment. There will be the Bridge Segment itself, and two additional segments South of the Bridge. The Southeast Segment will include improvements to Marigold Avenue north of Cypress Parkway. The Southwest segment will be a limited access toll road connecting Cypress Parkway to the bridge.
The Bridge Segment and the Southwest segment will be a limited access toll road designed for speeds of 65MPH. The Northwest segment and Southeast segment will be neighborhood feeder roads designed for 45MPH without tolls.
All segments will initially be 2 lanes with future expansion to 4.

What about the people who live on Marigold in Osceola County?
Marigold will be extended at the north end to intersect with the Poinciana Parkway Bridge. Access will be provided to the parkway bridge without first having to go south to Cypress Parkway.
What about direct connection to I4 to the north and Florida Turnpike to the East?
There are follow-on projects that have been approved as part of the long term Central Florida transportation plan that will connect the Poinciana Parkway to I4 and connect Poinciana Cypress Parkway to Florida Turnpike. Both of these projects are funded for the original PD&E (Preliminary Design and Engineering) and the engineering work has begun.
There are two alternatives that are being considered to connect to I4. One alternative is to connect directly to SR 429 just west of the Disney/Celebration exit. The second alternative is to connect directly to I4 at the Champions Gate intersection.

Why 2 lanes initially? Why not 4 or 6 lanes?
The traffic studies indicated that two lane limited access roads will be sufficient to handle the first 10 years of traffic volumes. As traffic volumes increase then the additional tolls will pay for expansion of the parkway to additional lanes.

How will the project be financed?
The project will be paid for through a combination of sources. The total cost of the project will be $150M. $72M will be financed by selling 30 year bonds. AV Homes(Avatar) will be contributing $50M in permits, right of way, engineering etc. Both Polk and Osceola Counties will be making financial contributions as will the state of Florida.

Will anybody be paid back for their contributions?
Only the purchasers of the 30 year bonds.

How much will the tolls be?
There will be two separate tolls. One will be for traffic riding Rhododendron connecting between Cypress Parkway and the bridge. A second toll will be collected for all traffic from both Rhododendron and Marigold using the bridge. The initial toll for the bridge segment will be $1.75 each way. The Rhododendron segment will be $.50 additional. The bridge segment tolls will increase over time. The Rhododendron segment is expected to remain at $.50.

At the end of 30 years will the tolls go away?
No, the tolls will remain forever with the proceeds being used for maintenance, expansion in number of lanes and to pay for the building of the connections to I4 and Florida Turnpike.

When can we expect construction to start?
JR Davis Group of Kissimmee was selected as the winning bidder at an Osceola Expressway Authority Meeting held July 18,2013. Construction has already started.

When can we expect to use Poinciana Parkway?
The first phase of the parkway, connecting from Cypress Parkway to the intersection of US 17/92 and Ronald Reagan PKWY should be completed late 2015. The second phase connecting from Cypress Parkway directly to the bridge using the corridor where Rhododendron Ave exists today should be completed in mid 2016.

What is the status? Is this a ‘done deal’?
This is a ‘done deal’ from a contract viewpoint and with initial work having started. ‘It ain’t over till it’s over’ so everybody needs to stay involved in this.
Groundbreaking for the parkway took place at 4:30PM Dec 18,2013 with actual start of construction started in January 2014.

What about Poinciana Parkway in Polk County?
There is a road in Polk County Poinciana Village 7 called Poinciana Parkway. It connects the southern part of Marigold Avenue with Lake Hatchineha road. Same name but different road. The only planned connection would be via Marigold?

When will the final financing be settled?
Osceola Expressway Authority has gone to the bond rating agencies and received a BBB- ‘Investment Grade’ Bond rating. The bonds have been sold on the market. The final closing date will be Friday April 11,2014.
Upon closing the right of way, permits, engineering, etc (all which is currently being held in escrow) transfers to Osceola County.
Upon closing, Polk and Osceola each donate $6M to the construction fund; and Osceola County is reimbursed for its temporary $15M load to OCX for the early work performed by JR Davis/UIG. The county will be reimbursed for some expenses incurred.
The county leases the land, and the road that will be built with the construction funds, to OCX in exchange for the amount of toll proceeds required to pay the associated debt service on the loans (the Municipal Bonds and SIB Loan). OCX will operate and maintain the road.
Once these debts are paid, the road and the land transfer to OCX.

What about talk of a new Central Florida Expressway Authority?
There appear to be legislative bills being submitted during the 2014 Florida Legislative session that would consolidate the Orlando Expressway Authority with the Osceola Expressway Authority and also add jurisdiction for Lake and Seminole Counties. Time will tell the fate of this legislation.

This page last modified on Monday, April 07, 2014

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