Financing the Golden Gate Bridge—Past and Presentby Stephen C. Leonoudakis, Golden Gate Bridge Highway &, Transportation District, San, Francisco, CA, USA,
Abstract: This paper discusses the financial side of the project, which was a very innovative solution that provided federal revenue not only for the Bridge Redecking Project, but more importantly set up a permanent mechanism for federal participation in future bridge repair and rehabilitation projects. In the District's situation, tolls are, in effect, simply a substitute for taxes that other transit users have available to subsidize operations. If this were a toll-free bridge, and the District had taxing powers, the expenditure of those tax revenues for transit subsidies would not exclude the District from participation in Federal Bridge Replacement Funds.
Subject Headings: Federal government | Financing | Revenues | Tolls | Highway bridges | Bridge management | Rehabilitation
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