Report: Upgrading US 70 Could Mean $1B For Economy
MOREHEAD CITY, N.C. — A new report concludes that upgrading U.S. 70 to interstate standards in eastern North Carolina could mean $1 billion for the region's economy.
The Daily News of Jacksonville reports (http://bit.ly/1yrK9vm ) the study was released on Thursday during a meeting of the Highway 70 Corridor Commission in Morehead City.
Among other things, the study found that upgrading the highway to interstate standards from Raleigh to Morehead City would add $1.2 billion to the regional economy and save $56 million for existing businesses.
It also found that upgrading the highway could create as many as 1,900 jobs each year in communities in the corridor. The study noted that some segment of the highway have already been brought up to interstate standards.