New York - Feds Turn Down Request For $2B Loan To Fund Tappan Zee Bridge Replacement
New York - The federal government has turned down the state’s request to apply for a $2 billion loan to help pay for a replacement for the Tappan Zee Bridge, The Journal News has learned.
The state had been counting on the money from the U.S. Department of Transportation for pay for the new $5 billion project, in conjunction with tolls increases and bonding. There is no other financing in place for the new bridge.
“That’s a big piece of what we hope will be the funding plan for the new Tappan Zee Bridge is to get a long-term, low-interest loan,” Thruway Authority executive director Thomas Madison said in March.
More of today's headlines“Washington - House Speaker John Boehner says President Barack Obama is making the most powerful office in the world look "smaller." The Ohio Republican said Thursday...” Washington - Boehner On Obama: 'The Emperor Has No Clothes' “Manhattan, NY - A construction crane owner was found not guilty in the only criminal trial surrounding a 2008 collapse that killed two workers in New York City. A...” Manhattan, NY - Not Guilty Verdict in Crane Collapse Manslaughter Trial