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Tacoma Narrows Bridge could be paid off early by the legislature

Added 12-08-21 01:23:02pm EST - “New legislation proposed in Washington state would pay off the Tacoma Narrows Bridge and bring an end to the tolls paid by drivers to use it.” - Washingtonexaminer.com

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Posted By TheNewsCommenter: From Washingtonexaminer.com: “Tacoma Narrows Bridge could be paid off early by the legislature”. Below is an excerpt from the article.

New legislation proposed in Washington state would pay off the Tacoma Narrows Bridge and bring an end to the tolls paid by drivers to use it.

State Sen. Emily Randall, D-Bremerton, has pre-filed Senate Bill 5488 ahead of the 2022 legislative session that begins Jan. 10 and will run for 60 days.

If approved, the legislation would transfer $772 million from the state’s general fund to pay off debts on the bridge. The bulk of that money — $672 million — would go toward principal and interest, with $57 million going to the state Department of Transportation to allow it to pay off deferred sales tax on its construction.

The bridge, which opened in 2007, is currently scheduled to be paid off in 2030. Tolls, which are only paid by eastbound traffic, have brought in some $708 million of the $1.48 billion total cost.

The current fee structure is $5.25 for drivers with a “Good to Go” account and in-vehicle transponder, $6.25 for those using a credit or debit card and $7.25 for those choosing to pay by mail.

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