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CAPITAL ASSETS <br />16 <br />CAPITAL ASSETS <br />2016 <br />2015 <br />Buildings and Improvements <br />$353.4 <br />$353.8 <br />Infrastructure <br />166.8 <br />145.0 <br />Land <br />161.3 <br />161.2 <br />Right -of -Way <br />57.6 <br />57.4 <br />Construction in Progress <br />26.0 <br />52.2 <br />Equipment <br />19.8 <br />16.4 <br />Intangibles <br />Total Capital Assets <br />4.8 <br />4.4 <br />$790.4 <br />(Chart in millions) <br />Buildings and <br />Improvements <br />44.8% <br />The County's investment in capital assets for its <br />governmental and business -type activities on <br />September 30, 2016 amounted to $789.7 million, <br />net of accumulated depreciation. This investment in <br />capital assets includes land, right-of-way, buildings <br />and improvements, intangibles, equipment, <br />infrastructure, and construction in progress. The <br />overall decrease in the County's investment in <br />capital assets for fiscal year 2016 was less than <br />1')/0 over the previous year. <br />In fiscal year 2016, there was an increase in <br />buildings and improvements and infrastructure, <br />along with a decrease in construction in progress, <br />primarily due to the following completed capital <br />asset projects during the fiscal year 2016: <br />• 66th Avenue expansion project from SR60 <br />to 49th Street - $22.8 million <br />• South County Intergenerational Facility - <br />$12.2 million <br />Right-of-way, 7.3% <br />Construction in Progress, 3.3% <br />Equipment, 2.5% <br />Intangibles, 0.6% <br />Photos of the completed South County Intergenerational Facility <br />Photos courtesy of the Indian River County Recreation Department <br />