There will be no state bailout of the Santa Rosa Bay Bridge.
The Florida Department of Transportation Secretary Ananth Prasad said last week that the financially ailing bridge – otherwise known as the Garcon Point Bridge – would still be maintained by the FDOT.
“Make no mistake, we will not bailout this investment by the bondholders,” said Prasad. “However, let me be clear: FDOT will continue to safely operate and maintain the Garcon Point Bridge.”
For more on this story, see the July 7 issue of the Navarre Press or subscribe online.