Schroer: ‘Pay as You Go’ Policy May Be Gone for New Bridge

Putting a new bridge across the Tennessee River in North Hamilton County will require the state to break its longtime “pay as you go” habit, state Transportation Commissioner John Schroer told Chattanooga area leaders Wednesday.
Further from the Chattanooga TFP:
With a tight squeeze on road money, the state would have to enter “uncharted territory,” selling bonds or partnering with private investors to build the bridge and connector roads and repaying them with toll revenues, he said.
“If tolling is not an option, this bridge probably won’t be built — I won’t say forever, but for a long, long time,” Schroer said during a briefing for the county’s toll committee.
However, if the state does make the leap, a toll of $3 for cars and $4.50 for two-axle trucks would raise enough to build and operate the bridge for 40 years and repay the debt, a consultant told members of the Hamilton County Commission-appointed toll committee.

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