Traffic congestion from the Findlay Creek development, which will comprise 1,420 units by 2013, is pushing the southern Ottawa road to capacity, according to a document presented at the city's transportation committee last month.
The Central Canada Exhibition may also relocate to Rideau and Albion roads in 2012, causing a bump-up in traffic during the fair's run.
"Traffic volumes to accommodate this growth on Bank Street will exceed capacity by 2014 and widening of Bank Street will be required," the report read.
The first step of the project, approved by the city committee, is to create a request for proposals for the environmental assessment. The study must take into account cyclists and pedestrians while also evaluating the impact on the surrounding community and wetland.
The 18-month contract will be awarded late this year or early in 2012, with construction happening between 2016 and 2022, said spokesperson Barre Campbell in an e-mail to OBJ.