Mississippi River Bridge decision may not come for another two years, LA DOT \ stacker news ~Construction_and

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Mississippi River Bridge decision may not come for another two years, LA DOT www.postsouth.com/story/news/local/2024/12/23/news-local-mississippi-river-bridge-plaquemine-st-gabriel-plaquemine-point-sunshine-iberville/77112976007/

246 sats \ 4 comments \ @BlokchainB 15 Jan Construction_and_Engineering

Another delay has been put in place for the decision on a location for a new Mississippi River Bridge, state officials announced last week.

The Louisiana Department of Transportation and Development announced last week that the decision on a location of the bridge will not come until at least spring 2026.

The bridge would connect La. 30 on the east side near St. Gabriel or Carville to an area south of Plaquemine, according to the plans currently on the drawing board.

At the same time, the project will not see additional funding for another two years from motor vehicle sales tax revenue. That move came as state lawmakers sought ways to ease the state budget deficit for the next two years.

The project currently has $392 million in the coffers, according to Kristina Brignac, the new project manager for the bridge. The estimated cost of the project is $2 billion.

I expect the cost to rise even further as the DOT figures out where to place this bridge.

And of course the citizens don’t like the proposed location:

Meanwhile, Sunshine residents Cliff and Laura Comeaux reiterated their opposition to the location of the project.

They told the committee the location currently proposed for the site would threaten the AE LeBlanc Old-Growth Forest near Plaquemine Point.The 60-acre forest has trees that range in age from 90 to 360 years old.

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126 sats \ 3 replies \ @Satosora 15 Jan

If they are going to keep delaying, their raised capital will become worthless. Imagine if they put it into bitcoin, when two years rolls around they might have enough to fund the whole project. Why are they putting the bridge in that area though? That is a pretty old forest, will the cut it all down first? Or are they thinking of selling the timber to fund the project?

20 sats \ 0 replies \ @BlokchainB OP 16 Jan

I assuming this is what the traffic study found to be the best location. But you are correct the money they raised is just decaying with time. The longer they wait the more cost will run away from them.

85 sats \ 1 reply \ @freetx 15 Jan

Imagine if they put it into bitcoin, when two years rolls around they might have enough to fund the whole project.

This is why long term / large scale projects can no longer be accomplished. Inflation of material and labor cost grows faster than the capital they raised...this is in contrast to pre-1971 when large scale projects could still be accomplished.

A related tangential item is, you can see this in construction in general. Go to a city center and check out the buildings....the new construction buildings are easy to spot vs the buildings built with commodity-money.

Nearly all buildings built today are more or less 'disposable'....gone are the giant stone buildings.

21 sats \ 0 replies \ @BlokchainB OP 16 Jan

Yeah it’s hard to preserve capital for major civil projects. Part of my goal with this territory is to show how bitcoin can be that capital to preserve the purchasing power for large civil construction projects.