Rex was on the money. I have had to rebuild sections of road using this philosphy. If you have access to some cheap blast rock, say from a nearby mine or so, I would recommend excavation of the site below the natural gradeline (say four to three feet, depending on the type of soils and level of saturation, and place some medium to heavy geocloth in the trench and about three feet up each side of the excavation. Next I would place the quarry rock (plenty of fractured face) or a 4" minus pitrun. Static roll the fist lift of material, I'm assuming pit run, which should be about 8" or so. If the grade is too spongy, place more pitrun and static roll when the grade is firmer. If using blast rock, carefully place so as to avoid too many large a voids.
If using pit run, continue this fill to about 1 foot above the natural grade line. If using blast rock, fill only to the top of the excavation, then use some 2" minus pitrun to build your grade.
Construct the grade to approximately 2 feet above the natural grade line and finish by placing some road crush.
If you have filled to abour 6" above the natural grade line and the road has been sufficiently compacted, you may want to save some of the cost and construct using some good quality clay or other acceptable soils suitable for building H-20 or equivalent road grades. I've had to repair some of the old corduroy roads and while they may have worked for the time they were first installed, the cost to rebuild the grade was not worth it.
Since you mentioned the road has been around for 60 years, I am assuming it was constructed as a means of getting around an old lake, and likely is insuffieciently draining as well, or the clays keep "pumping" water to the surface.
Next, construct the
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