LOCAL 12 - Search Results
Both Brent Spence Bridge Plans Include Tolls
CINCINNATI (AP) - Kentucky and Ohio officials have been presented with two proposals to pay for a new Ohio River bridge to ease traffic congestion in the Cincinnati area, and both options include tolls.
The project would build a bridge near the existing Brent Spence Bridge, which would be renovated.
The 50-year-old Brent Spence connects Cincinnati and Covington, Ky., and is often snarled while carrying motorists on Interstates 71 and 75.
The transportation secretaries in both states said Thursday they intend to move the project forward.
One option calls for a combination of federal and state funding that includes loans and bonds. Repayment of the loans and bonds would come from toll revenue.
The other proposal calls for a contractor to finance and build the bridge and to be repaid over many years. That option also includes tolls.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)