Officials Study How to Pay the Check for a New Hampton Roads Crossing

The Virginian-Pilot reports, “While the public shares its opinions on the best water-crossing projects for the [Hampton Roads] region, financial wonks are working behind the scenes to identify the most effective way to pay for it.” The article runs through the financing options — which include bonds and loans backed by tolls — and talks with some of the officials responsible for evaluating them. The report adds, “The regional Hampton Roads transportation board will collaborate with cities and other stakeholders and come to a consensus on Nov. 17, But the final decision is with the Commonwealth Transportation Board, which will identify a preferred alternative at its Dec. 7 meeting.” [Links added.]