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Wholly Financed, owned and operated bridge opened by private investors

http://hamptonroads.com

New privately funded bridge opens in Virginia (The South Norfolk Jordan Bridge)

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rjmort's picture
Created by rjmort 1 year 14 weeks ago – Made popular 1 year 14 weeks ago
Category: Free Market   Tags:

New Jordan Bridge draws tiny fraction of former traffic

maulotaur 1 year 14 weeks 2 days 6 hours ago

But nobody wants to pay the toll which is many times over the toll that was collected on the old bridge. A more recent article described use as being far below what was estimated, and if it does not work out then the gov may end up with it anyway. "The city is protected in a development agreement by a clause that says it can begin the process to take ownership of the bridge if it is ever closed "

REF: http://hamptonroads.com/2013/01/new-jordan-bridge-draws-tiny-fraction-fo...

New Jordan Bridge draws tiny fraction of former traffic

maulotaur 1 year 14 weeks 2 days 6 hours ago

But nobody wants to pay the toll which is many times over the toll that was collected on the old bridge. A more recent article described use as being far below what was estimated, and if it does not work out then the gov may end up with it anyway. "The city is protected in a development agreement by a clause that says it can begin the process to take ownership of the bridge if it is ever closed "

REF: http://hamptonroads.com/2013/01/new-jordan-bridge-draws-tiny-fraction-fo...

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