Knik Arm Bridge and Toll Authority Sets Record Straight
The Knik Arm Bridge & Toll Authority's statement regarding inaccuracies from Taxpayers for Common Sense:
1. It is common for Outside groups to disparage infrastructure in Alaska, and the Knik Arm Crossing is no exception.
2. What this group neglects to acknowledge is that nearly all of the construction, operations, and maintenance costs will be paid for by Alaskans who use the bridge. Any federal loan programs would be the option of the private developer and there is no requirement to use them. Toll revenue and the public-private partnership (P3) are funding and delivery mechanisms for this essential project – both user fees and P3s are endorsed by Taxpayers for Common Sense.
3. Taxpayers for Common Sense has published an article that is full of financial and factual errors. Unfortunately, they did not contact us to verify any of their numbers or statements.
- KABATA is portrayed erroneously as a “cheerleading” organization.
Fact: KABATA is a State of Alaska public corporation created by the Alaska Legislature within the Alaska Department of Transportation and Public Facilities.
- They misleadingly state the current cost estimate: “….current cost estimate is $1.6 billion.”
Fact: The current cost estimate is $715 million. The benefit-cost ratio is portrayed as a “loser” by Taxpayers for Common Sense.
Fact: The discounted benefit-cost ratio for the bridge has been calculated at over 3:1 using FHWA approved methodologies, demonstrating the bridges value to Alaskans.
Anchorage is Alaska’s largest city and the Matanuska-Susitna Borough is one of the fastest growing “counties” in the US. These two urban centers make up 54% of Alaska’s population. The bridge and connecting roads are designated as part of the National Highway System. This will be only the second connection between Alaska’s largest city and Matanuska-Susitna Borough and to the rest of the state to the north, including Fairbanks and the North Slope.
For more information contact the Knik Arm Bridge and Toll Authority at 907-269-6698.