Bridges Authority Holds Second Meeting

by Gabe Bullard on February 10, 2010

The bi-state authority that will oversee the construction of two new Ohio River Bridges in Louisville met Wednesday.

In its second meeting, the authority asked its executive director to begin discussions with financial advisors about developing a financing plan for the project.

The financing plan will likely be a combination of bonds, loans and grants. To determine whether tolls can pay off those costs, Transportation Cabinet spokesperson Chuck Wolfe says the authority will be given an updated study of potential bridge traffic.

“The study they’re talking about was one that was purely a study of possible tolling scenarios,” he says.

Indiana Governor Mitch Daniels, who appointed half of the 14-member panel, has spoken in favor of tolls. The authority’s next meeting is in March.

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