Tag: U.S. 460
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Where’s the P3 Money Going?
Four days ago Stewart Schwartz, executive director of the Coalition for Smarter Growth, issued an analysis contending that the McDonnell administration could find $300 million to support the Rail-to-Dulles heavy rail project from funds set aside for public private partnerships. That argument is moot now that the state Senate approved the 2013-2014 budget without the…
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Connecting the Dots on the 460 Connector
So, I was digging into the economic and financial assumptions of the U.S. 460 Connector project, and I was reading the public-private partnership proposal put forth by 460 Partners, a consortium led by Richmond-based Moreland Property Group that includes infrastructure giants like Skanska USA and Lane Construction Corp… Like the proposals advanced by two competing…
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Virginia’s Next Economic Boom?
Virginia’s economic developers expect a wave of manufacturing and logistical investment when the Panama Canal expansion is complete. Opportunities this big, they say, come along only once in a generation.
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Tarheel Lawsuit Could Change VDOT Planning Practices
The proposed Monroe Bypass south of Charlotte. (Click for more legible image.) A lawsuit filed against a proposed bypass near Charlotte, N.C., could have a big impact on how road and highway projects are decided in Virginia. If a coalition of conservation groups win their case in U.S. 4th Circuit Court of Appeals, it would…
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Panama Canal a Long-Term, not Short-Term, Game Changer
by James A. Bacon The Virginian-Pilot has published a piece on the “cargo bonanza” potentially awaiting the port of Virginia when the Panama Canal opens its bigger locks, enabling monster container ships to cut their travel times between Asia and the East Coast of the United States. Much of the article recounts background information that…
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Port of Virginia’s Growth Opportunity
by James A. Bacon The Port of Virginia was the third largest East Coast port ranked by container traffic in 2010, with 11% market share. It trailed Savannah and New York/New Jersey, and Charleston was nipping on its heals. But the market for U.S. containerized cargo is forecast to double over the next decade, and…
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More Questions about the U.S. 460 Upgrade
One more tale from the Virginia Bloggers Day event: I asked about the McDonnell/Bolling administration’s plans to build a super-U.S. 460 highway between Petersburg and Suffolk, a project that encompasses $1 billion or so in toll financing, a $500 million commitment of state transportation funds, $5 million a year in Port of Virginia funds far…
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Taking a Closer Look at the Jobs Governor’s Industrial Policy
by James A. Bacon Tax subsidies for businesses locating in the proposed 55-mile Route 460 Corridor-Interstate 85 Connector Economic Development Zone could add up to $50 million over 2015 and 2016, if HB 1183 is passed into law. Remarkably, no one seems to be questioning the propriety of such aggressive use of the tax code…