Bridges Authority Expects Revamped Financial Study Next Month

by Stephanie Crosby

The authority tasked with determining a funding mechanism for the four-point-one billion dollar Ohio River Bridges Project is hoping to have a revamped financial report by early next month.

Louisville and Southern Indiana Bridges Authority Executive Director Steve Schultz says they’ve requested a tweaked version of a report provided by the consulting firm WilburSmith Associates in 2007.

“Their scope was amended a bit, they went back and studied a few of the scenarios,” says Schultz, “and since then we’ve refined their scope a little bit more to assist us in the process of developing the financial plan.”

Schultz says they’ve received portions of the study, but not the final report yet.

He says the authority is looking into all financing options for the project, including a variety of possible tolling and tax methods.

Schultz spoke on today’s State of Affairs.