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225Tyga
LSU Fan
Member since Oct 2013
1796 posts

re: Bernhard says he will finance loan for new Mississippi River Bridge in Baton Rouge
He can’t afford it. He’s just saying that because he wants the attention and knows he won’t have to follow through


BeepNode
The City of Central
Member since Feb 2014
580 posts

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

Says he expects to be paid back via the use of a toll.


I'd love to see the math behind that. How many crossings a year does the current bridge have? How many will choose to pay the toll an go over that bridge? Will it connect to i-12 where much of the trucks driving through the state go?


bamaswallows
LSU Fan
Baton Rouge
Member since Dec 2007
732 posts

re: Bernhard says he will finance loan for new Mississippi River Bridge in Baton Rouge
Hell, I’ll get the thing financed if I can get paid back by tolls. It’s a win win for anyone - just calculate the anticipated tolls and structure the payback plus interest / it’s a no brainer


camoedoutlander
LSU Fan
Member since Sep 2017
101 posts

re: Bernhard says he will finance loan for new Mississippi River Bridge in Baton Rouge
everyone is excited about the bridge, and no one is mad about the toll???


fallguy_1978
LSU Fan
Half mile from St George
Member since Feb 2018
7960 posts
 Online 

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

everyone is excited about the bridge, and no one is mad about the toll???

If the feds don't fund it I think that's the best option. I'll probably drive across it 4 times per year.


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70
ellunchboxo
New Orleans Saints Fan
Gtown
Member since Feb 2009
16378 posts

re: Bernhard says he will finance loan for new Mississippi River Bridge in Baton Rouge
Needs to be Plaquemine to the casino.


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250
cgrand
New Orleans Pelicans Fan
HAMMOND
Member since Oct 2009
14313 posts
 Online 

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

He can’t afford it


he’s not saying he will write a check, he’s saying his investment capital company will own the debt

quote:

This morning, on AMBR with Kevin and Bill, Jim Bernhard announced that his Bernhard Capital Group is willing to underwrite the bonds for a new Mississippi River bridge.


BeepNode
The City of Central
Member since Feb 2014
580 posts

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

Hell, I’ll get the thing financed if I can get paid back by tolls. It’s a win win for anyone - just calculate the anticipated tolls and structure the payback plus interest / it’s a no brainer


That sounds awesome but I guess I'm just skeptical that enough people would use a southern bypass. Even if you financed it over 30 years at 2.9% you'd have to have 45k crossings a day at $4 a pop just to break even.

The "new" bridge gets around 120k daily traffic but most of that is traffic coming from i-12 or to the core of BR. The old bridge gets around 20k daily traffic, and the sunshine bridge even less than that.

Couple this with i-49 being built which will take some traffic away from i-10.
This post was edited on 12/6 at 8:26 pm


tgrbaitn08
USA Fan
Member since Dec 2007
77276 posts
 Online 

re: Bernhard says he will finance loan for new Mississippi River Bridge in Baton Rouge
So this will be for a new mini bridge for local traffic and they’ll keep the GBRB for interstate traffic? Or will it tie into I-10?

Where will they build


fallguy_1978
LSU Fan
Half mile from St George
Member since Feb 2018
7960 posts
 Online 

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

So this will be for a new mini bridge for local traffic and they’ll keep the GBRB for interstate traffic? Or will it tie into I-10? 

This is another bridge to tie into I-10 South of BR. Likely in Ascension.


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tgrbaitn08
USA Fan
Member since Dec 2007
77276 posts
 Online 

re: Bernhard says he will finance loan for new Mississippi River Bridge in Baton Rouge
It’ll never happen.

Not in our lifetime


fallguy_1978
LSU Fan
Half mile from St George
Member since Feb 2018
7960 posts
 Online 

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

It’ll never happen. 

Not in our lifetime

Yet they built a bridge in St Francisville that probably 500 people use per day


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263
cgrand
New Orleans Pelicans Fan
HAMMOND
Member since Oct 2009
14313 posts
 Online 

re: Bernhard says he will finance loan for new Mississippi River Bridge in Baton Rouge
the only way to do it would be to build it right next to the existing span and put the toll on one side. It would be painful to do that but it’s the only way


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212
BR Tiger
LSU Fan
Baton Rouge
Member since Mar 2004
3592 posts

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

Traffic will be bad on a road that doesn't exist?


We’re just that good at fricking up traffic in Baton Rouge.


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90
Oizers
LSU Fan
Member since Nov 2009
1913 posts

re: Bernhard says he will finance loan for new Mississippi River Bridge in Baton Rouge
If they build it, people from Baton Rouge will likely bitch about the tolls.


RealityTiger
LSU Fan
Geismar, LA
Member since Jan 2010
15214 posts

re: Bernhard says he will finance loan for new Mississippi River Bridge in Baton Rouge
I work across the river and I'd gladly buy a monthly pass for a toll. It would essentially knock 45 minutes off my trip home on a weekday. There are over 1,000 other people who would do the same, every day.

All you have to do is be in Port Allen at rush hour to see what I mean. It's one cluster frick trying to merge into another cluster frick. And to be honest, a new bridge would eliminate 3/4 of that cluster, which would help out the traffic going eastbound across the bridge at rush hour in the evening.


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150
doubleb
LSU Fan
Baton Rouge
Member since Aug 2006
17587 posts
 Online 

re: Bernhard says he will finance loan for new Mississippi River Bridge in Baton Rouge
The state commission should entertain any and all private ideas like this one and negotiate the best deal.

Someone might want to build the bridge themselves and collect their own tolls. Or someone might want to finance the bridge like Bernhard suggested. Then you could negotiate the interest rate and details.


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20
captainahab
Nicholls St. Fan
Highway Trio8
Member since Dec 2014
1126 posts

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

via the use of a toll.


Better be EZ Tag only. We can’t even get people to use the current bridge without wrecks and break downs so throw a cash with change option into the mix and watch the shite Show.


DaBeerz
LSU Fan
Ellic
Member since Sep 2004
12371 posts

re: Bernhard says he will finance loan for new Mississippi River Bridge in Baton Rouge
My wife’s dad was management at a plant on west side of river, he commuted from denham and finally decided no matter how much money they offered him he was retiring because he wasn’t doing that commute anymore across the river.


Seeing Grey
Member since Sep 2015
192 posts
 Online 

re: Bernhard says he will finance loan for new Mississippi River Bridge in Baton Rouge
Not saying BR shouldn't do it, however, should be fully aware there's close to 0% Bernhard doesn't significantly benefit from this. Additionally, while it may not be a zero sum game, it's probably pretty close.


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