Miamisburg has sought a state loan to fund its share for repairs to a buckled stretch of road closed for several months that will take more than $1.5 million to fix.
City records show it has been approved for a State Infrastructure Bank loan of more than $1 million to pay for repairs to Lower Miamisburg Road after part of it near the Great Miami River was closed last year.
Miamisburg City Engineer Bob Stanley said the hillside terrain near the road’s edge and heavy spring rains in 2018 were contributing factors in causing the asphalt to buckle and separate – several inches in some cases.
The Montgomery County Transportation Improvement District applied for the loan on the city’s behalf from the Ohio Department of Transportation’s SIB, records show.
The state loan will cover $1,005,564 of the city’s total share of $1,149,462, according to Miamisburg records. Montgomery County will pay for the remaining costs, records indicate.
The road was closed last spring between South Union Road and Dee Avenue, city records state.