Most cyclists that ride that hill know what an awful experience the climb is. And most know that there is some plan somewhere some time to do something about the road.
Some pre-design work to figure Bike/Ped and 57th/Hatch intersection design and cost was recently finished. There are a few options.
Check out the study here. It's a whopper at 24 MB, but it's interesting reading and lays out the different options and costs.
I like the Option 2 Roundabout Intersection with with Bike/Ped/Safety Option 2. That's $11.7 million.
Next step, as always, is to find the money. There's no money right now set aside for this project.