TITLE

Calif. LAO Sees Difficult Solutions to Bay Bridge Overruns

AUTHOR(S)
Saskal, Rich
PUB. DATE
January 2005
SOURCE
Bond Buyer;1/26/2005, Vol. 351 Issue 32057, p36
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that there are no obvious fixes to the mounting cost of replacing the eastern span of the San Francisco, California-Oakland Bay Bridge. The latest estimate pegs the cost of completing a program to improve earthquake safety on seven Bay Area bridges at $8.3 billion, though the state has only planned and budgeted for $5.1 billion. The Legislative Analyst's Office suggested extending by 10 years the current $1 seismic toll surcharge, which would support another $150 million of bonds. The seismic surcharge is set to expire in 2038.
ACCESSION #
15822009

 

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