The $500 million redo of Loop 360 is underway – and probably years from reaching the Lakewood intersection, based on published reports.

The Texas Department of Public Transportation and the City of Austin plan to upgrade 10 intersections along the Loop 360 corridor in five projects over 14 miles from U.S. 183 north to U.S. 290 and Texas 71. Each project covers two intersections and will take two to three years to complete. Each project also will require a new funding request, with most funds coming from the Capital Area Metropolitan Planning Organization and the city’s 2016 Austin mobility bond.

Stop lights will be removed and overpasses and underpasses added to the intersections, TxDOT says. The first two are Westlake Drive/Cedar Street in 2023, followed by Courtyard Drive at RM 2222 just north of Pennybacker Bridge in 2026.

The third and fourth projects – at Lakewood Drive/Spicewood Sprigs and MoPac to RR 2244 (Bee Caves Road) have not been funded, according to the Community Impact newspaper. Traffic signals would be removed at the Loop 360 main lanes and overpasses added at Lakewood Drive.

An earlier plan for the Lakewood Drive at 360 intersection that would have removed the large oak tree at the entrance has been scrapped and plans for the roadway shifted 50 feet east.

Keep track of the project and sign up for a newsletter with updates at loop360project.com.