Brent Spence Bridge: Governors to Sign Pact by November
Kentucky Governor Steve Beshear and Ohio Governor John Kasich will sign a memorandum of understanding to develop a financing plan for the Brent Spence Bridge project, according to the Business Courier:
To break the logjam, Janson said Ohio and Kentucky must come to terms on an memorandum of understanding to cooperate on a “value of money” study.
“The value of money study is going to take a look at the value engineering of the effort, determine the tolerance for tolling and suggest a preliminary financial plan,” (Cincinnati USA Regional Chamber of Commerce Chair Julie) Janson said. “That MOU has yet to be signed by Kentucky.”
Janson also says Kentucky needs to pass legislation to allow the bridge to be built in a public-private partnership. Full story: Business Courier