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re: Bernhard says he will finance loan for new Mississippi River Bridge in Baton Rouge

Posted on 12/7/18 at 9:24 am to
Posted by doubleb
Baton Rouge
Member since Aug 2006
36542 posts
Posted on 12/7/18 at 9:24 am to
quote:


Correct, but it was not fully funded by the bonds, only partially. For example, MoveBR is only going to be 40% funded by bonds, to expedite the urgently needed projects. The remaining 60% will be on a pay-as-you-go.


So if 40 % is financed by bonds then roughly 40% of the plan can be done within say five years? The other 60% will take forever, right? And like GL they are over promising, right?

Now I understand why Broome wouldn't prioritize projects. They know some are so far down the road or they will never be built in my lifetime.

GL1 was a much smaller plan. 13 years later it's crawling along, The same will happen to MoveBR but on a larger scale since its a larger plan.

Now I understand, thanks.
Posted by Areddishfish
The Wild West
Member since Oct 2015
6285 posts
Posted on 12/7/18 at 9:26 am to
quote:

Essen is actually much less of a shite show now since they widened it.


The lights aren't time right though. Around lunch to evening it is a mess.
Posted by c on z
Zamunda
Member since Mar 2009
127596 posts
Posted on 12/7/18 at 9:27 am to
quote:

And like GL they are over promising, right?

Raiford has said that the list was based on what they could afford.
Posted by c on z
Zamunda
Member since Mar 2009
127596 posts
Posted on 12/7/18 at 9:29 am to
quote:

If I am not mistaken, I believe Green Light was the same way, maybe CSRS?

I believe so.
Posted by doubleb
Baton Rouge
Member since Aug 2006
36542 posts
Posted on 12/7/18 at 9:32 am to
quote:


Raiford has said that the list was based on what they could afford.

Is Raiford in charge now? Last week Broome said the program manager was going to prioritize which projects go first( this is huge). This week Raiford said he was going to do it.
So who is right?
Broome or Raiford?
I'm betting on door #3 Broome.
Posted by GeauxPack81
Member since Dec 2009
10485 posts
Posted on 12/7/18 at 9:42 am to
quote:

So if 40 % is financed by bonds then roughly 40% of the plan can be done within say five years?


I'm no construction guy, but that sounds reasonable to me.

quote:

The other 60% will take forever, right?


They will happen as they receive funding, yes.

quote:

And like GL they are over promising, right?

Not at all. All of this information is widely available. There are a list of projects and how they are going to be funded and how long it will take. It is what it is.

Just like GL1, if you want things to move faster, you have to pay for it. I would be willing to, but the majority probably aren't. Most voters just see the tax amount and what its going towards. They aren't really interested in learning about bonding.

You knew GL1 would be crawling along at this point in the plan. We all did when we signed up for it. Not all of the projects were bonded, and construction companies aren't real interested in working 3 years before they get paid. You want progress? You have to pay for it. You want progress fast? You have to pay more for it.
Posted by Tchefuncte Tiger
Bat'n Rudge
Member since Oct 2004
57589 posts
Posted on 12/7/18 at 9:49 am to
quote:

I have COMPLETE faith that our elected officials will take advantage of this and deliver a successful alternative route in a very timely manner.



...as long as it's not in my backyard!
Posted by doubleb
Baton Rouge
Member since Aug 2006
36542 posts
Posted on 12/7/18 at 10:12 am to
quote:


Not at all. All of this information is widely available. There are a list of projects and how they are going to be funded and how long it will take. It is what it i

But there is no list that tells you which projects will be first and which projects will be fine in 2032.

They could "reward" political friends and "punish" political foes, right?

quote:


Just like GL1, if you want things to move faster, you have to pay for it. I would be willing to, but the majority probably aren't. Most voters just see the tax amount and what its going towards. They aren't really interested in learning about bonding.



And just because folks aren't interested in how each project is financed, don't you think folks should have a rough idea as to what is going to be built first and what may built 15 years or more later? I do.

Once this thing passes it's too late to ask questions, the pols take control.

quote:


You knew GL1 would be crawling along at this point in the plan. We all did when we signed up for it. Not all of the projects were bonded, and construction companies aren't real interested in working 3 years before they get paid. You want progress? You have to pay for it. You want progress fast? You have to pay more for it.


I voted for GL 1 and was happy with it until the end, then I learned several projects were not moving forward. That fooled me. I guess it was my fault, but the promoters of these plans sure don't tell you all that.

Btw, I didn't like GL funds going to settle up with HUD, and that bothered me.
Posted by c on z
Zamunda
Member since Mar 2009
127596 posts
Posted on 12/7/18 at 10:29 am to
quote:

But there is no list that tells you which projects will be first and which projects will be fine in 2032.

The projects that are to be assisted with bonds are the ones that will most likely be looked at first.
Posted by sec13rowBBseat28
St George, LA
Member since Aug 2006
15418 posts
Posted on 12/7/18 at 10:30 am to
quote:

But there is no list that tells you which projects will be first and which projects will be fine in 2032.

They could "reward" political friends and "punish" political foes, right?
Which worries me...St George area will get screwed.
Posted by GeauxPack81
Member since Dec 2009
10485 posts
Posted on 12/7/18 at 10:38 am to
quote:

But there is no list that tells you which projects will be first and which projects will be fine in 2032.

They could "reward" political friends and "punish" political foes, right?


Yeah. I get the aggravation with that, but I think its only done to get votes. You are more likely to vote for something if a project that helps you is on there, but not if its dead last. I can get both sides of that.

They absolutely could, but that is a risk I am willing to take. Thats why the public needs to be kept up to date on these things. If the funds are obviously being used incorrectly, the officials need to be held accountable and run out of office. The good news is that there are only a few projects on the list that I don't see as beneficial. I bet it is to someone though... That is the thing with traffic though, its a very selfish act. When you are stuck at a long red light, you get mad, you don't realize that you are part of a system that is designed for everyone. When they increase capacity on Airline, it won't only effect those people driving on Airline, it lowers the number of cars driving on other streets. You only think about how it effects you. All of these projects will benefit the system of BR infrastructure, but some will help you as an individual less than others.

quote:

Btw, I didn't like GL funds going to settle up with HUD, and that bothered me.
I agree, I am not sure how that was allowed. The good news with MoveBR is that approval to move any funds away from the designated list of projects will have to go back to the polls.
Posted by doubleb
Baton Rouge
Member since Aug 2006
36542 posts
Posted on 12/7/18 at 11:05 am to
You are more trusting than me.
I remember Kip not repairing bridges to punish certain council persons.

I know Nicholson south of LSU to Lee has not been widened yet. I know the cut over between Highland and Burbank has not been done. I know the big Pecue project was not done. The project between Essen and Bluebonnet was not done. I can't find the list of un completed projects from GL1, but all the ones I know about are south of i10.

Understand where I'm coming from now? Every project I listed as being incomplete are in areas I travel weekly. Is this an accident? Bad luck? You seem connected, tell me.
Posted by doubleb
Baton Rouge
Member since Aug 2006
36542 posts
Posted on 12/7/18 at 11:07 am to
quote:

The projects that are to be assisted with bonds are the ones that will most likely be looked at first.

Is there a link to that list? I'd like to have that information.
Posted by Boudreaux35
BR
Member since Sep 2007
21678 posts
Posted on 12/7/18 at 11:29 am to
So, this private individual is willing to finance the building of a new Miss. River Bridge for the public and recoup his investment thru tolls. Sounds like a great partnership in the making. What a great and novel idea.
This post was edited on 12/7/18 at 11:49 am
Posted by fallguy_1978
Best States #50
Member since Feb 2018
49106 posts
Posted on 12/7/18 at 11:37 am to
quote:

So, this private individual is willing to finance the building of a new Miss. River Bridge for the public and recoup his investment thru tolls. 

I think he'd do it through his business but I agree. I don't see why anyone would have a problem with him making a profit on it either.
Posted by GeauxPack81
Member since Dec 2009
10485 posts
Posted on 12/7/18 at 11:37 am to
Wish I could make it smaller, but here is the list of GL1 projects still unfinished and where they stand:





quote:

Understand where I'm coming from now? Every project I listed as being incomplete are in areas I travel weekly. Is this an accident? Bad luck? You seem connected, tell me.
Like I said, driving is a selfish act. You only notice things in your area, but their are people in Zachary and Central thinking the same thing about GL1.

I get your point about wanting to know prioritization. Its a fair point. I am not sure how to combat that. For one, priorities are always changing, so I am not sure they want to lock themselves into a set order. I also believe priorities are recommended by the 3rd party project manager, but ultimately it is up to the parish to decide what goes next. Its not even necessarily that I trust the city-parish government, and more that I think it is a risk worth taking. There are also big time financial backers for MoveBR like Mike Wampold and Jim Bernhard who I would imagine live in south BR, and who I don't think the city-parish would want to piss off... I can tell you for a fact that one of the first projects to start will be one of the most efficient by far, the signal synchronization. Also, the bonded projects will start earlier. I don't have a list of the bonded projects, but most of the larger projects are bonded:



IDK if it would happen, but the College Drive/I-10 interchange is currently a nightmare, and I would love to see it converted to a double diverging diamond interchange. Look it up if you have never seen one. You basically drive on the wrong side of the road so that everyone can exit and enter the interstate without having to stop. It would blow BR drivers minds at first , but it would be amazing.
Posted by doubleb
Baton Rouge
Member since Aug 2006
36542 posts
Posted on 12/7/18 at 11:46 am to
Thanks for that information. I could never get it off the CSRS site.

You are right, I was tracking projects I was interested in and didn't recall others in the plan.

It is eye opening and an indication of a program that over promised.

Why not pass a tax to speed up the collection of GL1, earn folk's trust and then go for a bigger plan? That would have been better.

And I realize getting both Mr. Bernhard and Mr. Wampold behind this plan seems like a big plus, but each of the two gentlemen are heavily involved in politics and each get a lot of tax breaks when they do their projects. They are really not independents although I do recognize their business acumen.
Posted by doubleb
Baton Rouge
Member since Aug 2006
36542 posts
Posted on 12/7/18 at 11:49 am to
quote:


IDK if it would happen, but the College Drive/I-10 interchange is currently a nightmare, and I would love to see it converted to a double diverging diamond interchange. Look it up if you have never seen one. You basically drive on the wrong side of the road so that everyone can exit and enter the interstate without having to stop. It would blow BR drivers minds at first , but it would be amazing.


Oh and btw, I think it was one of the mayors before Kip. He had secured funding to rework the College Drive exit, but he diverted the funds elsewhere. I forget the exact deal, but it was in the mix at one time.
Maybe you can search and find that too.
Posted by LSUSilverfox
Member since Jun 2007
2695 posts
Posted on 12/7/18 at 11:50 am to
quote:

The land near the river is WAY too valuable to any refinery or distribution company that owns/could own it.



And that land becomes even more valuable if the state can provide reliable infrastructure to access the areas.

If an Interstate spur was added from Gross Tete to Hwy 3127 near Donaldsonville and a new bridge built south of Plaquemine in to St. Gabriel, it would make a world of difference. From there all you have to do is widen some highways already in place and viola, two southern bypasses from Nola.
Posted by GeauxPack81
Member since Dec 2009
10485 posts
Posted on 12/7/18 at 12:00 pm to
quote:

Why not pass a tax to speed up the collection of GL1, earn folk's trust and then go for a bigger plan? That would have been better.


I seriously doubt voters would pass a tax to pay for something they already voted to pay for. I could be wrong though. I would have voted for that. I doubt it would have much.

quote:

And I realize getting both Mr. Bernhard and Mr. Wampold behind this plan seems like a big plus, but each of the two gentlemen are heavily involved in politics and each get a lot of tax breaks when they do their projects. They are really not independents although I do recognize their business acumen.
No doubt, and I was hesitant to bring them up. They have been relatively unwilling to dive into political issues in the past, so maybe that is a positive. Its never good for government to be overly supported by private investors.
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