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25%  
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Keyword: downtowntunnel

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  • Tolls are a $180 million a year business — and growing — in Hampton Roads

    08/01/2019 11:02:35 AM PDT · by Tolerance Sucks Rocks · 5 replies
    The Daily Press ^ | July 28, 2019 | Dave Ress
    Collecting tolls in Hampton Roads is a $180-million-a-year business — nearly twice the size of the region’s fishing and farming sectors combined — and is set to grow. Much of that money goes to finance a private venture’s $1.5 billion expansion of the road and tunnel network connecting Norfolk and Portsmouth. A somewhat smaller amount goes to the public body that’s spending nearly $800 million to dig a parallel tunnel for the 55-year-old, 23-mile Chesapeake Bay Bridge Tunnel. A much smaller part goes to keep the Coleman Bridge over the York River in shape, and to pay off the cost...
  • Non-compete deal for tunnel may be costly

    01/05/2017 10:18:33 AM PST · by Tolerance Sucks Rocks · 2 replies
    The Durango Herald ^ | December 24, 2016 | Michael Laris (Associated Press)
    Virginia's top transportation oversight body voted earlier this month to move ahead with a major tunnel expansion. If everything goes as planned, the multibillion-dollar project could be good news for the traffic-snarled Hampton Roads region when it opens in 2024. But the commonwealth may also be setting itself up for a major financial body blow - and demonstrating the long-term consequences of mismanaging public-private partnerships.