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The 'bridge to nowhere' project is still porgress.

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barack the house Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-05-08 04:27 AM
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The 'bridge to nowhere' project is still porgress.
Edited on Fri Sep-05-08 04:28 AM by barack the house
www.knikarmbridge.com

The Knik Arm Bridge and Toll Authority (KABATA), was created on September 15, 2003 by Alaska Statute 19.75.011 to construct a bridge across Knik Arm connecting the Municipality of Anchorage and the Mat-Su Borough. KABATA has received preliminary planning funds through Congressional appropriation. Future project funds are anticipated through federal, state and local grants, and public and private sector investment. As a public corporation, KABATA is empowered by the state to sell revenue bonds and establish user fees to fund and operate the project.

On June 13, 2006 enabling Legislation (HB471) was signed into law (Chapter 60 SLA 06) by the Governor amending the KABATA Act (Amended AS 19.75) giving KABATA the powers and authority of the authority to finance construction and maintenance of the Knik Arm Bridge, to set and collect tolls, and to carry out its duties; and providing for an effective date of June 14, 2006.



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