Stimulus and Recovery Bill- What it means to Central Florida and those ready to go projects.

It had been reported that "a billion and a half dollars is coming to Florida from the Recovery Stimulus package and that $180 million of that, and possibly more, will go to Central Florida alone," according to WESH news.

So what does this all mean to the Metro Orlando Area and Central Floridians? First take a look at the Executive Summary of the Recovery Package provided by Florida Congresswoman Schultz for an overview of the entire Bill. To keep us informed, there is also a new federal Web site where you can find the latest economic stimulus information at: recovery.gov.

How much of this money will be used in those ready to go projects in Central Florida and what are those projects? According to the Florida Department of Transportation some projects have been highlighted and you can keep up with the latest development in the department's Economic Stimulus Page.

Ready-to-Go Projects -- This list of projects was prepared in response to early requests for Florida's "ready to go" transportation projects should economic stimulus funding become available. According to the Florida Department of Transportation this list is well beyond the level of funding expected to be available.

Accelerate Florida -- This is a related Florida initiative by State government to improve Florida's economy. It covers more than 160 projects that have been advanced from one to 5 months bringing significant improvements to the State's transportation system. Including among the projects is expanding the capacity of SR 50 (Colonial Drive) in Lake and Orange counties from four to six lanes. This will bring relief to traffic congestion and new jobs in that sector.

I am hoping for the best, staying informed and wishing our Administration god-speed. I look forward to the Administration's forthcoming announcements specifically addressing the mortgage and real estate challenges in our recovery.