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The Columbia River Crossing (CRC), a proposed replacement to the aging Interstate Bridge that carries I-5 traffic across the Columbia River, and which many had thought dead, has made the news after an “investment grade” analysis found that tolling the new bridge could generate $1.35-$1.5 billion in net revenue. An amount sufficient to cover the State of Oregon’s costs to build the bridge, if it follows its “go it alone” policy after the Washington Legislature failed to approve legislation to contribute Washington State’s $450 million dollar share of a joint Washington-Oregon construction project.

CRC BACK IN THE NEWS

The analysis and supporting report were prepared for ODOT by CDM Smith, a full service engineering and construction firm headquartered in Massachusetts. As noted in the report, the “work was conducted at a level of detail sufficient to support an investment grade traffic and revenue forecast for project financing.” (i.e. the methodology utilized in the report would arguably support the sale and purchase of bonds that would be repaid by toll revenue).   MORE

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Darrin Class  |  Attorney at Law  |  PO Box 173, Ridgefield, WA 98642  |  WA (360) 953-4148  |  OR (503) 208-5789

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