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.
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.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.
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.
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. 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.