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4th Circuit Court Rules on Mid-Currituck Bridge

RE: 4th Circuit Court Rules on Mid-Currituck Bridge




The same visitors that avoid the Chesapeake Expressway toll, will take the long way to Corolla to avoid that toll also. I hope that they don't build it to cater to a 10-week busy season. It is a waste of money.


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RE: 4th Circuit Court Rules on Mid-Currituck Bridge




The same visitors that avoid the Chesapeake Expressway toll, will take the long way to Corolla to avoid that toll also. I hope that they don't build it to cater to a 10-week busy season. It is a waste of money.

bobbyg


Any bonding would have to include the same cost acceleration the Chesapeake Expressway has for usage dipping below threshhold levels or missing repayment goals. That's likely a not insignificant hurdle to demonstrating bond worthiness.



RE: 4th Circuit Court Rules on Mid-Currituck Bridge




The same visitors that avoid the Chesapeake Expressway toll, will take the long way to Corolla to avoid that toll also. I hope that they don't build it to cater to a 10-week busy season. It is a waste of money.

bobbyg


Any bonding would have to include the same cost acceleration the Chesapeake Expressway has for usage dipping below threshhold levels or missing repayment goals. That's likely a not insignificant hurdle to demonstrating bond worthiness.

KDHBreeze


The numbers don't work. No, tolls will not be free for residents.(nor should they) This would be a horrendous waste of money just to take care of some vacationers. It's not gonna happen.


RE: 4th Circuit Court Rules on Mid-Currituck Bridge




The numbers don't work. No, tolls will not be free for residents.(nor should they) This would be a horrendous waste of money just to take care of some vacationers. It's not gonna happen.

tc08105


Very rough numbers ... Corolla gets an average of 60,000 visitors per week from May through September. At $25 each way, that's $3M per week in toll revenue, or $60M per season. Current projection of costs is $500M. In 10 yrs, it's paid for.

That doesn't factor in that it'll be used year round by visitors, but it's also reduced by the fact that not everyone who visits is coming from the north using the bridge.

It might very well pay for itself without a struggle.

Don't get me wrong. While I'd love to shave an hour off my trip and open up Saturday turnover rentals as an option, Corolla doesn't need more traffic, which the bridge would surely invite.




RE: 4th Circuit Court Rules on Mid-Currituck Bridge




"60,000 visitors"

60,000 vehicles or 60,000 visitors? It would be 30,000 trips if each vehicle carries 2 passengers.


RE: 4th Circuit Court Rules on Mid-Currituck Bridge




The numbers don't work. No, tolls will not be free for residents.(nor should they) This would be a horrendous waste of money just to take care of some vacationers. It's not gonna happen.

tc08105


Very rough numbers ... Corolla gets an average of 60,000 visitors per week from May through September. At $25 each way, that's $3M per week in toll revenue, or $60M per season. Current projection of costs is $500M. In 10 yrs, it's paid for.

That doesn't factor in that it'll be used year round by visitors, but it's also reduced by the fact that not everyone who visits is coming from the north using the bridge.


It might very well pay for itself without a struggle.

Don't get me wrong. While I'd love to shave an hour off my trip and open up Saturday turnover rentals as an option, Corolla doesn't need more traffic, which the bridge would surely invite.

marylander


Cut the projected toll income in half. Double the projected cost of the bridge.

How does the math look now?

Click to follow link...

Inflation. Rising interest rates. Time to cut bait.




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