Thursday, May 25, 2017

ORBP: "Massive expense, big tolls, fewer cars than ever. Even if way down the road these bridges fill up, this project is a financial boondoggle of epic proportions."

From 2011.

I'll lead with Aaron Renn's answer to a question asked in the comments section.

The toll revenue from the system is being split 50/50 between Indiana and Kentucky. Previous analysis indicated that 80% of the tolls will be paid by Indiana residents, so that’s who is paying for the project, ultimately.

One Southern Indiana is delighted. Evidently not a single humanities major was consulted.

Conversely ...

Louisville Spent $2.4 Billion on New Bridges While Traffic Fell Sharply (Urbanophile)

The initial figures are in and the new Louisville bridges are on track to be as big a failure as predicted.

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