Calif. LAO Sees Difficult Solutions to Bay Bridge Overruns

Saskal, Rich
January 2005
Bond Buyer;1/26/2005, Vol. 351 Issue 32057, p36
Trade Publication
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.


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