Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:28 PM

GasBuddy News Article

50
votes
P3 financing advances Ohio's Innerbelt Bridge project

GasBuddy Blog -- Construction on major infrastructure repairs and improvement projects is being advanced now by 'P3s' --public private partnerships, according to the Ohio Dept. of Transportation.

ODOT and Governor John Kasich announced that, for the first time in ODOT history, the state is implementing P3 financing that will eliminate construction delays for the Innerbelt Bridge project despite ODOT's $1.6 billion budget deficit.

The Innerbelt Bridge is a truss arch bridge in Cleveland, Ohio carrying Interstate 90/Innerbelt Freeway over the Cuyahoga River, a major state transportation corridor. With the announcement, Ohio became the 30th state in the U.S. to enact legislation permitting P3 financing.

According to the Cleveland...


Read the Full Article

Submitted Sep 10, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: P3 financing advances Ohio's Innerbelt Bridge project Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:24,539
Points:2,511,315
Joined:Nov 2008
Message Posted: Sep 12, 2012 11:01:28 PM

jrs: lots of builders could learn a lot about bridges.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:24,539
Points:2,511,315
Joined:Nov 2008
Message Posted: Sep 12, 2012 11:01:17 PM

often the lower bids spell shoddy work due to lots of shortcuts...
Profile Pic
jrschl
Champion Author Louisville

Posts:6,462
Points:1,565,715
Joined:Jun 2011
Message Posted: Sep 11, 2012 10:15:46 PM

Bridges, we could learn a thing or two about bridges around here.
Profile Pic
GasSpy007
Champion Author New York City

Posts:3,331
Points:876,980
Joined:Nov 2011
Message Posted: Sep 11, 2012 7:42:28 PM

old
Profile Pic
melvindale
Champion Author Michigan

Posts:1,438
Points:351,230
Joined:Jun 2011
Message Posted: Sep 11, 2012 4:46:03 PM

The lowest bid is seldom, if ever, the best bid.
Profile Pic
speedway2hi
Sophomore Author Indiana

Posts:153
Points:608,005
Joined:Sep 2008
Message Posted: Sep 11, 2012 4:31:16 PM

Guess the stimulus jobs weren't so shovel ready, after all.
Profile Pic
speedway2hi
Sophomore Author Indiana

Posts:153
Points:608,005
Joined:Sep 2008
Message Posted: Sep 11, 2012 4:30:46 PM

What happened to the stimulus money? What was that boondoggle for, if not infrastructure? Or was it one GIANT slush fund for Obama and his cronies to distribute among campaign contributors and financiers?
Profile Pic
DYSKYPILOT
Champion Author Fort Worth

Posts:5,961
Points:1,440,575
Joined:Mar 2006
Message Posted: Sep 11, 2012 4:02:15 PM

Ok.
Profile Pic
svspyda
Champion Author San Jose

Posts:3,186
Points:808,950
Joined:May 2012
Message Posted: Sep 11, 2012 3:15:20 PM

ok
Profile Pic
wshutton
Champion Author Albuquerque

Posts:5,127
Points:1,762,610
Joined:Mar 2009
Message Posted: Sep 11, 2012 3:15:14 PM

I find this somewhat suspect as private companies always seem to take from the Government without giving back to those governed.
Profile Pic
fishgaro
Champion Author St. Louis

Posts:4,923
Points:1,210,735
Joined:Apr 2012
Message Posted: Sep 11, 2012 2:36:14 PM

ok
Profile Pic
sparky808
Champion Author Honolulu

Posts:6,209
Points:1,416,585
Joined:Sep 2011
Message Posted: Sep 11, 2012 2:34:23 PM

Thank you for posting.
Profile Pic
jalan25
Champion Author Indianapolis

Posts:2,705
Points:831,270
Joined:Sep 2011
Message Posted: Sep 11, 2012 2:29:19 PM

Old
Profile Pic
johnrb
Champion Author Michigan

Posts:8,954
Points:2,461,245
Joined:Oct 2006
Message Posted: Sep 11, 2012 2:26:05 PM

OK
Profile Pic
gils
Champion Author Ohio

Posts:1,858
Points:727,905
Joined:Feb 2011
Message Posted: Sep 11, 2012 2:24:48 PM

ok
Profile Pic
regout
Champion Author Quebec

Posts:6,205
Points:1,615,555
Joined:May 2010
Message Posted: Sep 11, 2012 2:21:19 PM

good for them.
Profile Pic
danreino
Champion Author Twin Cities

Posts:9,828
Points:1,838,480
Joined:Mar 2008
Message Posted: Sep 11, 2012 2:18:06 PM

Whoopee for Clevelanders.
Profile Pic
julius1st4
Champion Author Ontario

Posts:5,364
Points:1,406,680
Joined:Jul 2003
Message Posted: Sep 11, 2012 2:11:47 PM

Who cares; it won't have any effect on "Gas Prices"??
Profile Pic
Ron77095
Champion Author Houston

Posts:6,551
Points:1,513,125
Joined:Sep 2011
Message Posted: Sep 11, 2012 2:08:56 PM

Ok.
Profile Pic
mconley1967
All-Star Author Louisville

Posts:586
Points:486,330
Joined:Mar 2012
Message Posted: Sep 11, 2012 2:04:59 PM

ok
Profile Pic
Jakster
Champion Author Allentown

Posts:2,499
Points:1,191,270
Joined:Mar 2005
Message Posted: Sep 11, 2012 2:01:20 PM

Great idea, hope it works for them.
Profile Pic
bobsalwaysmt
Champion Author Long Island

Posts:6,110
Points:337,425
Joined:Oct 2007
Message Posted: Sep 11, 2012 2:01:01 PM

I'll bet it will be better managed & be completed more cost effectively.
Profile Pic
dsaine
Champion Author North Carolina

Posts:6,591
Points:1,508,295
Joined:May 2011
Message Posted: Sep 11, 2012 1:58:42 PM

K
Profile Pic
Teddy95
Champion Author Dayton

Posts:45,018
Points:3,578,025
Joined:Oct 2005
Message Posted: Sep 11, 2012 1:58:41 PM

Hmmm...
Profile Pic
dsw56
Champion Author Kentucky

Posts:1,374
Points:763,490
Joined:Dec 2010
Message Posted: Sep 11, 2012 1:58:10 PM

They will probably hire a firm out of China to do the construction work, just like California did.
Profile Pic
biza4u
Champion Author New Haven

Posts:11,987
Points:2,518,965
Joined:Jan 2007
Message Posted: Sep 11, 2012 1:57:38 PM

Ok
Profile Pic
reeneedan
Champion Author San Jose

Posts:1,498
Points:585,340
Joined:May 2011
Message Posted: Sep 11, 2012 1:54:02 PM

congress should have given the money to the states 3 years ago to repair the roads and bridges, instead of sitting on their asses and doing nothing for the last 4 years.
Profile Pic
MDTDriver
Champion Author California

Posts:11,987
Points:3,008,840
Joined:Jul 2006
Message Posted: Sep 11, 2012 1:52:15 PM

Ok if it works.
Profile Pic
ratones1
Champion Author Los Angeles

Posts:3,424
Points:1,473,260
Joined:Mar 2011
Message Posted: Sep 11, 2012 1:49:59 PM

SOUNDS OKAY...
Profile Pic
monieet
Champion Author California

Posts:1,092
Points:821,510
Joined:Mar 2011
Message Posted: Sep 11, 2012 1:47:17 PM

ok
Profile Pic
isem
Champion Author Missouri

Posts:5,420
Points:1,328,465
Joined:Feb 2012
Message Posted: Sep 11, 2012 1:45:05 PM

OK
Profile Pic
TimTim
Champion Author Vancouver

Posts:1,303
Points:2,121,980
Joined:Aug 2004
Message Posted: Sep 11, 2012 1:41:01 PM

if it's really needed, have to find a way to do it. :)
Profile Pic
BlewettCA
Veteran Author California

Posts:318
Points:353,360
Joined:May 2012
Message Posted: Sep 11, 2012 1:37:06 PM

ok
Profile Pic
sydb7
Champion Author Atlanta

Posts:6,123
Points:2,717,165
Joined:Mar 2003
Message Posted: Sep 11, 2012 1:37:03 PM

Sell naming rights to private corporations for money? The Exxon Bridge?
Profile Pic
ROSYMI
Champion Author Michigan

Posts:1,042
Points:987,855
Joined:Nov 2011
Message Posted: Sep 11, 2012 1:35:39 PM

old news
Profile Pic
briinnc
Champion Author North Carolina

Posts:2,705
Points:834,820
Joined:Jan 2010
Message Posted: Sep 11, 2012 1:35:08 PM

OK
Profile Pic
EmperorsFinest
Champion Author Chicago

Posts:1,804
Points:602,220
Joined:Jul 2011
Message Posted: Sep 11, 2012 1:33:15 PM

I agree with Valricoslash
Profile Pic
Grinch09
Champion Author Grand Rapids

Posts:2,703
Points:144,150
Joined:Dec 2009
Message Posted: Sep 11, 2012 1:32:47 PM

Gitter done!
Profile Pic
Valricoslash
Champion Author Tampa

Posts:10,134
Points:2,230,650
Joined:Nov 2008
Message Posted: Sep 11, 2012 1:31:38 PM

Great. Now maybe we can put some engineers and construction workers to work building it.
Profile Pic
QualTekGuy
Champion Author Illinois

Posts:4,479
Points:1,488,790
Joined:Feb 2007
Message Posted: Sep 11, 2012 1:31:38 PM

This story is as old as the bridge.
Profile Pic
AcuraTSX
Champion Author Ohio

Posts:7,111
Points:2,975,870
Joined:Dec 2005
Message Posted: Sep 11, 2012 1:28:50 PM

ok
Profile Pic
GRUMPY55
Champion Author California

Posts:3,149
Points:1,122,850
Joined:Oct 2011
Message Posted: Sep 11, 2012 1:21:23 PM

ok
Profile Pic
flatrock14
Champion Author Michigan

Posts:5,091
Points:1,570,805
Joined:Oct 2010
Message Posted: Sep 11, 2012 1:18:52 PM

if it needs to be
Profile Pic
slowpoke63
Champion Author Louisiana

Posts:5,562
Points:1,555,150
Joined:Jul 2009
Message Posted: Sep 11, 2012 1:18:23 PM

ok
Profile Pic
biggyhy
Champion Author Milwaukee

Posts:3,165
Points:1,174,930
Joined:Sep 2011
Message Posted: Sep 11, 2012 1:18:04 PM

ok
Profile Pic
FlyNFool
Champion Author South Carolina

Posts:11,641
Points:2,586,345
Joined:Aug 2008
Message Posted: Sep 11, 2012 1:17:15 PM

ok?
Profile Pic
spotterFL
Champion Author Florida

Posts:8,415
Points:1,267,905
Joined:Aug 2009
Message Posted: Sep 11, 2012 1:13:51 PM

So What????
Profile Pic
bigsranch
Champion Author Houston

Posts:3,751
Points:1,165,860
Joined:Apr 2007
Message Posted: Sep 11, 2012 1:12:08 PM

Roads and bridges should be primarily a state responsibility, so good for Gov. Kasich.
Profile Pic
redtruck01
Champion Author North Carolina

Posts:2,649
Points:2,148,775
Joined:Mar 2009
Message Posted: Sep 11, 2012 1:09:20 PM

Lots of work needed everywhere.
Profile Pic
katmandue
Champion Author Detroit

Posts:9,416
Points:2,412,570
Joined:Jul 2006
Message Posted: Sep 11, 2012 1:08:40 PM

We need more programs like this but it isn 't free we have pay one way or the other. Ether with highrr taxes or higher cost to consumers because companies still have to give high returns to their investors.
Profile Pic
dougtaylor1
Champion Author Phoenix

Posts:1,795
Points:479,205
Joined:Jun 2011
Message Posted: Sep 11, 2012 1:07:31 PM

Slow news day.
Post a reply Back to Topics