...continued IDOT must fill $49 million gap on new bridge project by 2010


Partners Bank
Tri-City Regional Port District
St. Louis Regional Airport
Saint Louis Downtown Airport and Business Park
HH Construction
Tzinberg & Goldenberg

Delta Dental of Illinois
ZeroLevity Website Design and Hosting
Read the Illinois Business Journal


  Archived Articles

architecture
banking
business
commercial dev
construction
economic dev
engineering
finance
healthcare
human resources
labor
law
real estate
redevelopment
technology
telecom
training
transportation
workforce

 

construction can begin. Construction is slated to begin in 2010 but is depending on $49 million to come from the capital bill.
   In the absence of a capital bill, however, closing that $49 million gap could be tough, according to State Rep. Jay Hoffman, a Democrat from Collinsville.
   "Essentially, we have until 2010 to get that done," said Hoffman. "I'm hopeful that, if we don't get a capital bill, we'll find a way to fund that $49 million. But it certainly would be much easier to fund it through the capital bill. Without it, we would have to look to the road fund - and to be quite honest with you, the current status of the road fund is that it's really just a maintenance fund. You can transfer from other projects, you can defer some of the maintenance, but there are not significant amounts in it for new projects."
   Last year, the Illinois Senate passed a $25 billion capital development bill that would be funded by an expansion of gambling in the state. That bill, however, has stalled in the House, reportedly because Speaker Michael Madigan (D-Chicago) disapproves of expanding gambling.
   Earlier this year, Sens. John Cullerton (D-Chicago) and James Meeks (D-Calumet City) submitted an alternate bill that would fund a capital development program through an increase in income tax. The sponsors pulled that bill, however, vowing to bring it back for a vote during the veto session after the November elections. That bill proposed raising the personal income tax from 3 percent to 5 percent and the corporate rate from 4.8 percent to 8 percent. It would provide $1 billion per year for capital projects.
   On May 20, a new proposal was offered by former U.S. Reps. Glen Poshard and Dennis Hastert. Working at the behest of Blagojevich, the congressmen laid out a $31 billion capital development program that would be funded by a combination of an expansion of gambling and leasing the state lottery to private investors. That proposal contains $447 million in it for the new Mississippi River Bridge project - $254 million in money that has already been earmarked by the state; $164 million of federal funds which is Illinois' portion of the $239 million federal earmark; and $49 million to close the gap between previously approved funds and Illinois' share of the project cost.

   At the end of the regular legislative session, however, none of these proposals had been passed by the General Assembly, leaving the state still $49 million short of the funding necessary.
   Despite this shortfall, Lamie is moving full steam ahead on the bridge project based on the agreement that the state of Illinois made to fund its share of the cost. Under the agreement between the states, Missouri will take the lead on constructing the new bridge. In May, HNTB Corp. was selected to design the bridge. HNTB is an engineering, architecture and planning firm based in Kansas City, Mo. with offices in St. Louis. IDOT will be selecting engineers to design the interchanges on the Illinois side and is moving ahead with land acquisition.
   One change that was made to the previous design in order to reduce the price, according to Lamie, is that the realignment of Interstate 70 is being put off to an undetermined future date.
   "The relocated 70 alignment hasn't changed," Lamie said. "It still goes between Gateway International Raceway and the landfill. But that phase is going to come at some point in the future. Right now, we're going to focus on construction of the I-64 connector. At some point in the future," added Lamie, "we'll go ahead and build the relocated I-70 alignment."
   While Lamie doesn't know where the additional $49 million will come from, she said IDOT is committed to finding it even if a capital bill is not passed before 2010.
   Hoffman said that passing a capital bill has been his number one priority for the past year and a half - and that it shouldn't be as difficult as it's turning out to be. He agrees with Lamie that it's necessary to move forward on the bridge project despite the $49 million gap, but that in the absence of a capital bill it will be difficult to come up with that much money.
   "I'm not saying that it definitely will be done through other means if we don't get a capital bill by 2010," Hoffman said. "There are other ways that you could fund it, but it'll be much more difficult."

vice president/coo: Alan J. Ortbals
email: aortbals@ibjonline.com

related articles:
IDOT must fill $49 million gap on new bridge project by 2010 - Posted on Monday, June 09, 2008
Behind the scenes effort culminates in bi-state bridge agreement - Posted on Monday, April 07, 2008
Bi-state Mississippi Bridge deal awaits passage of Illinois capital bill - Posted on Monday, October 08, 2007
Missouri forging forward on toll bridge - Posted on Monday, May 08, 2006
Transportation leaders contemplate alternatives for new bridge - Posted on Monday, July 11, 2005
Federal funding plans still very much alive for new Mississippi River bridge - Posted on Monday, June 16, 2003
 

more like this    return to front page    subscribe to ibj

 


Subscribe | Fund Raising | Advertise | Editorial Calendar | Archives | Contact Us

Illinois Business Journal Inc   P.O. Box 248   Edwarsville, IL 62025
General Inquiries: info@ibjonline.com
Phone 618-659-1997

Copyright © 2009 All rights reserved.
Website hosted and maintained by www.GHS64.net