Received "Record of Decision" From Federal Highways Administration
In December 2010 the FHWA issued a "Record of Decision" accepting the Environmental Impact Statement, after over seven years and approximately $53 Million spent on studies, preliminary designs, public relations and cost estimating. KABATA has stated that they have asked their Toll and Revenue Consultant Wilbur Smith Associates to re-visit their revenue and toll forecasts to reflect conditions that have changed since 2005, including revised population estimates for the Matanuska Susitna Borough by the University of Alaska Anchorage's Institute for Social and Economic Research (ISER), that are as much as 50% lower than those forecasts used in the EIS to show that the Toll Bridge was "financially feasible".
Read more about this topic: Knik Arm Bridge
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