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Financing the Golden Gate Bridge?Past and Present

by Stephen C. Leonoudakis, Golden Gate Bridge Highway &, Transportation District, San, Francisco, CA, USA,



Document Type: Proceeding Paper

Part of: Rebuilding America: Infrastructure Rehabilitation

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: Highway bridges | Financing | Bridge engineering | Federal government | Tolls | Revenues | Project management

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