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E-470 celebrates 15th anniversary

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Contributed by: YourHub.com on 6/6/2006

Denver - On June 1, E-470 celebrated its 15th anniversary since the first segment of the highway opened.

The financial success and stability of E-470 is well known to the residents of the Denver metro area, but when the highway opened on June 1, 1991, it had its fair share of doubters and naysayers. Some called it the "road to nowhere" and others believed it was destined to fail.

After 15 years of operation, E-470 is a proven financial success and a valuable asset to the metro area.

When E-470 opened it was only 5.3 miles long and stretched from C-470 to Parker Road in Douglas County and averaged just over 100,000 toll transactions per month. Today, in its fourth year of operation since the final segment of the 47-mile highway was completed on January 3, 2003, E-470 continues to see an increasing number of drivers.

In recent months, E-470 has averaged approximately 160,000 toll transactions on a single weekday. Last year, E-470 saw a record total of 51.5 million toll transactions and recorded toll revenues of $77.8 million.

E-470 has not only served as an alternative to crowded highways, but it has also been a catalyst for residential and commercial growth.

"Since it first opened, the E-470 corridor has been the focal point for thoughtful, well-planned commercial and residential development," said Lynn Myers, Arapahoe County Commissioner and Chairperson of the E-470 Public Highway Authority board of directors. "The growing number of new commercial and residential developments currently under construction will help define the future success of the highway."

Notable developments along the highway include: the Meridian International Business Center in Douglas County, the Southlands mixed-use development in Aurora, and the Prairie Center mixed-use development in Brighton.

E-470 has also been recognized as an innovator among toll roads across the nation. It was among the first tollways in the nation to offer non-stop, open-road toll payment via Electronic Toll Collection (ETC) transponders. These same transponders are now in use on the Northwest Parkway and will be used on the CDOT tolled Express Lanes on I-25 beginning in June.

"The road to success and financial stability has not always been easy," said Ed DeLozier, executive director of the E-470 Public Highway Authority. "By providing a safe, speedy alternative to congested freeways and outstanding stewardship and customer service for 15 years, we have been able to keep our promises to investors and convert skeptics into believers."

Jo Snell is the public information officer for E-470.

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