Groundbreaking set for $15M Speedway roundabout

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One of the most famous intersections in Indianapolis is about to receive a new look.

The town of Speedway was set to break ground Monday on a two-lane roundabout to replace the current stoplight-controlled intersection at West 16th and Main streets, and Crawfordsville Road outside the Indianapolis Motor Speedway. When the project is complete, Georgetown Road no longer will intersect with 16th Street.

The town says the new roundabout will result in fewer vehicle stops and accidents, fewer delays during peak travel times, and reduced air and noise pollution.

The project is due to be completed by November. The estimated $15 million cost is 80-percent federally funded.

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