It will be a little tricky for awhile, but in the long run is cost effective.
Yes, it's COST EFFECTIVE for the state, local jurisdiction or who's ever in charge of that operation. They really don't give a rats a$$ about the people, the tires, the floating gravel pieces that get picked up and lodged in tires only to be thrown out at higher speeds into windshields and chip up the paint on hood edges and grill, bumpers etc. They "The government" states that it's a "longevity" thing. It lasts a lot longer than standard paving does. The reason, you're driving on "Rocks" not sand and oil with a glue in it.
Well, we too live on a cul-de-sac and, there was no reason in **** that they needed to do it. The pavement was flawless that was already there. But, after a few phone calls, I finally got to a high enough supervisor who stated that the "computer" said it was time for a coating on the road and that no one had actually sent an inspector out to see what condition the existing pavement was in. They simply ordered up the "Crap" coating based on the computer telling them to. Great system huh? They hadn't started just yet and that supervisor came out for a look. He was a bit embarrassed. He said there's no way our road needed any coating or maintenance but, THE GEARS WERE IN MOTION and there was nothing he could do about the install of the chip coat.
Our neighbors were so pissed. They had kids falling off bikes, kids running and slipping and falling because the "glue" did not hold the chips. We all called again and, they came out and re-coated the entire street again.
Since that coating, our street has been recoated with a rubber/asphalt/micro chip high tech coating that, while seriously better, is not the smooth pavement it was when we moved in 19 years ago. Oh well. That's our government for you.