WDRB-TV News (Louisville) reports that consultant Steer Davies Gleave estimates revenue from 2017 until 2058 will total $8.23 billion (in contrast to a 2013 projection of $7.96 billion). However, “A bigger chunk of toll revenue . . . will go uncollected in the coming years than previously thought, according to new estimates.” The consultants predict “two percent of transponder revenue will go uncollected during the life of project,” a higher “leakage” rate than earlier anticipated, the station reports.
The Courier-Journal (Louisville) leads its coverage with, “Planned toll rates should produce sufficient revenue to cover Kentucky’s share of the cost of the $2.3 billion Ohio River Bridges Project, a new traffic and revenue study concludes.”