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The CMB Group B Partnership consists of fourteen investors for a total investment of $7 million. One important point about this project is that $7 million in CMB investor capital was packaged or combined with $32 million in additional Federal and public funding. Thus CMB investors have leveraged more capital than their own invested capital yielding greater economic impact in creating jobs caused by this project. The focus of this Phase II investment will consists of three distinct parts:
Part 1 is the South Mountain View Ave. Bridge Construction. It involves constructing a new bridge over the Santa Ana River as part of the overall Mountain View Road extension and widening providing additional access to a major area Interstate Highway. The plan calls for widening the road to provide four lance access to the base to accommodate additional semi-trailer traffic. The total cost of this four-lane bridge is $16 million.
Part 2 is the airport parking facility that expands parking capacity from 250 to 2400 spaces. The plans call for a 1 to 3 story parking structure for future terminal use as well as Stater Bros. visitor and employee parking, The cost for this facility is $14 million that will be funded in part by a $11 million Federal EDA grant.
Lastly, Part 3 of Phase II includes the widening, re-stripping, and signal modification for Leland Norton Way which is a frontage road that provides additional access to the Airport Terminal Area, hangars, airport tenants and the San Bernardino International Airport administrative offices. This road will provide additional ingress and egress for major tenants such as Stater Bros., and General Aviation operations. There is a $4 million EDA grant associated with this project. The total cost of this part off the Phase II project is $8 million.
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