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LOUISVILLE, Ky. (WDRB) -- The Kentucky agency in charge of securing money for a new downtown interstate bridge is scheduled to vote on the project's final piece of financing at a meeting Thursday in Frankfort.
Construction is underway on the full Ohio River Bridges Project – an upriver bridge being overseen by Indiana, and the downtown span and rebuilt Spaghetti Junction under Kentucky's control – but only Indiana has its funding in place. Kentucky still needs to raise approximately $750 million.
The Kentucky Public Transportation Infrastructure Authority, a body largely appointed by the governor, plans to discuss and vote on a slate of financing documents at the meeting, including details about a bond issue that will be paid back by tolls on drivers crossing the two new bridges and the existing Kennedy Bridge.
The meeting is to begin at 10 a.m. on Nov. in Room C-106 of the Kentucky Transportation Cabinet's headquarters, 200 Mero Street in Frankfort. The meeting is open to the public and public comments will be accepted before – but not after – the financing is discussed, according to the meeting's agenda.
Also on the agenda is an update on the state's pursuit of a federal low-interest loan to aid the overall financing.
Indiana and Kentucky have set initial tolls between $1 and $12, with the proceeds to be evenly split. Kentucky's share of toll revenue would be used to pay debt on the loan, which the state previously estimated at about $450 million -- and about $300 million in additional bonds.
Tuesday, April 15 2014 4:22 PM EDT2014-04-15 20:22:22 GMT
LOUISVILLE, Ky. (WDRB) – Kentucky Gov. Steve Beshear said Tuesday he believes the Legislative Ethics Commission should re-open the inquiry into alleged ethics violations against former state Rep. JohnMore >>
Governor says ethics commission members should be present and reconsider action on Democratic state lawmaker accused of sexually harassing staffers.More >>
Friday, April 4 2014 6:19 PM EDT2014-04-04 22:19:31 GMT
LOUISVILLE, Ky. (WDRB) – A group of eastern Jefferson County residents are suing Louisville Metro government and several developers, arguing that the city planning commission's approval of a FedEx distributionMore >>
Residents are asking for recent planning commission decisions, including a proposed FedEx distribution center, to be ruled "null and void."More >>
Sunday, March 30 2014 6:00 AM EDT2014-03-30 10:00:07 GMT
Leaders say the project will help revitalize western Louisville. But Walmart's agreement with the city fails to answer key questions about the types of jobs that will be created and how hiring goals will be measured.More >>
Leaders say the project will help revitalize western Louisville. But Wal-Mart's agreement with the city fails to answer key questions about the types of jobs that will be created and how hiring goals will be measured. More >>
Tuesday, March 25 2014 9:51 PM EDT2014-03-26 01:51:17 GMT
LOUISVILLE, Ky. (WDRB) -- A Franklin Circuit court judge has ruled that the developers of the Bluegrass Pipeline cannot use eminent domain to secure private land to build the pipeline. Developers hadMore >>
A Franklin Circuit court judge ruled that the developers of the natural gas liquids pipeline cannot condemn land to secure easements for the project. More >>
Thursday, March 20 2014 6:47 PM EDT2014-03-20 22:47:18 GMT
LOUISVILLE, Ky. (WDRB) – The Metro Ethics Commission won't determine what steps members of the Metro Council must take to identify possible conflicts of interest on zoning issues.The panel instead votedMore >>
Council president Jim King had sought the opinion, which asked the ethics commission to determine if council members have an "affirmative duty" to discover potential conflicts in zoning cases.More >>