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Regional News

Columbia River Crossing Project Needs Revision


Oregon State Treasurer Ted Wheeler says a plan to cover costs of a new Columbia River crossing needs to be revised because estimates on income from tolling are no longer accurate. In his revision of the CRC Financial Plan, Wheeler says consultants have collectively recommended a 15% to 25% reduction in tolling revenue assumptions. Consultants believe a slower-than-expected economic recovery is partly to blame. Wheeler says a change to the financial plan does not mean the project will be delayed, but Governor Kitzhaber has asked the Department of Transportation to prepare a new construction sequencing plan that better matches the most recent financial picture.

 

 

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