The Louisville and Southern Indiana Bridges Authority is an independent, bi-state governmental agency organized by the Commonwealth of Kentucky and the State of Indiana for the purpose of financing and constructing the Ohio River Bridges Project. The authority’s primary task at present is to develop a financial plan for the project. The authority operates in consultation with, but separately from, the project’s bi-state management team. The authority is not charged with changing the project’s scope, which has already been established in a Federal Highways Record of Decision. The 2003 Record of Decision calls for building two bridges in the Louisville-Southern Indiana metro area and reconstructing the Kennedy Interchange (a.k.a. Spaghetti Junction) where interstates 64, 65 and 71 merge near downtown Louisville. The authority consists of 14 members from Indiana and Kentucky, as well as an executive director.
Indiana Finance Authority seeks comments
The Indiana Finance Authority (IFA), in coordination with the Louisville and Southern Indiana Bridges Authority, will accept public comments regarding the FA’s intent to have prepared a preliminary feasibility study and economic impact study for the proposed Ohio River Bridges Project, which is intended to address long-term, cross river transportation needs in Louisville, Ky. and Southern Indiana. The meeting will be held:
February 2, 2012, at 6:00 p.m.
Sheraton Hotel, Riverside Ballroom
700 West Riverside Dr.
Jeffersonville, IN 47130
The purpose of the preliminary feasibility study would be to assess the feasibility of using a public-private financial and project delivery structure for the East End portion of the project involving a new bridge near Utica, Indiana and Prospect, Kentucky that, with its approaches, will link the Lee Hamilton Expressway and Gene Snyder Freeway. The purpose of the economic impact study would be to determine the economic impacts of the project on existing commercial and industrial development, potential impacts on employment and future development, as well as the possible fiscal impacts on local units of government.
Public comments will be accepted in the following ways:
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Indiana Issues RFQ for Transaction Counsel
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Kentucky, Indiana Reach Consensus on Ohio River Bridges Plan
Kentucky and Indiana have reached consensus on a basic plan to finance and build the Ohio River Bridges Project, keeping the project on target to begin construction in 2012.
Under an agreement in principle reached by Kentucky Gov. Steve Beshear, Indiana Gov. Mitch Daniels and leaders of the Louisville and Southern Indiana Bridges Authority, each state would take the lead in financing and overseeing construction of one half of the project, among the largest transportation projects in the United States.
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