Garcon Point Bridge bond payment unlikely
Wednesday, 06 April 2011 13:15
Morgan Lamb, Santa Rosa Bay Bridge Authority board member, said the bridge authority is unlikely to be able to make the next bond payment.
“We’re working on a grant to reduce the bridge toll and we’ve also made a claim with BP in regards to reduced traffic, and if one of those comes through, we’ll be OK,” said Lamb. “But right now, the projections are falling short of the amount of money we need, just based on daily usage.”
For more on this story, see the April 7 edition of the Navarre Press or subscribe online.