Veridea System Expansion
Project #706
View on Interactive Map →This project expands the Town’s electric system to support the Veridea development, a proposed sustainable, mixed-use urban community on 1,100 acres within the Town of Apex. Expanding the existing electric infrastructure is needed to serve a development of this size.
Project Details
- Status
- Planning
- Priority
- Medium
- Coordinates
- 35.69801344, -78.84990692
- Start Date
- July 2025
- Estimated Completion
- June 2029
Funding Schedule
| Fiscal Year | Amount |
|---|---|
| FY 2026 | $2,500,000 |
| FY 2027 | $3,000,000 |
| FY 2028 | $3,000,000 |
| FY 2029 | $2,500,000 |
| FY 2030 | $1,300,000 |
| Future | $0 |
| Total Cost | $12,300,000 |